Question Text(TMP) is Stretching When Looking at Camera. How to Fix?

I have a TMPro text object attached to another gameobject. The text object has a follow cam (rotate to came) script on it, but as I move the camera around the text is scaled/warped as the camera rotates around it. What is happening here?

The faceCam script is quite simply: this.transform.LookAt(cam);

I just want some 2d text hovering above a 3d object. I'm sure I did this before and it was easy to implement.

Thanks