Tattooed Chef, Inc. (Nasdaq: TTCF) has announced its intention to file for Chapter 11 bankruptcy protection and pursue the sale of its assets. 

Despite efforts to secure funding and reduce expenses, the company faced challenges in the financing environment and raising additional capital. As a result, the management team and Board of Directors made the decision to file for Chapter 11. The company has also notified its employees in California and New Mexico about impending layoffs. 

On Friday, $TTCF closed at $0.54.

In other news, biopharmaceutical leader Gilead Sciences, Inc. (Nasdaq: GILD) has disclosed its acquisition of 1,010,000 shares of Arcus Biosciences, Inc. (NYSE: RCUS), a clinical-stage biopharmaceutical company, in a regulatory filing FORM 4 with the SEC. The shares were acquired at an average price of $19.26

$RCUS closed at $20.31, up $0.60 (3.04%) on Friday

Furthermore, tech giant Apple Inc. (Nasdaq: AAPL) made history on Friday as its market capitalization surpassed $3 trillion, making it the first company to achieve this milestone. The company's shares crossed the $190.73 threshold in intraday trading, finally closing at $193.97.

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)