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DA Davidson initiated coverage of Forest Road Acquisition with a rating of Buy and set a new price target of $14.50
Loop Capital initiated coverage of Forest Road Acquisition with a rating of Hold and set a new price target of $11.00
Forest Road Acquisition Corp. (NYSE:FRX) ("Forest Road"), today announced that the U.S. Securities and Exchange Commission ("SEC") has declared effective its Registration Statement on Form S-4 (as amended, the "Registration Statement"), which includes a definitive proxy statement/prospectus in connection with Forest Road's special meeting of stockholders (the "Special Meeting"). At the Special Meeting stockholders of Forest Road will consider the previously announced proposed business combination with The Beachbody Company Group, LLC ("Beachbody"), a leader in subscription health and wellness that offers comprehensive digital streaming fitness and nutrition solutions, and Myx Fitness Holdin
The Beachbody Company Group, LLC ("Beachbody") today announced the three-way business combination with Myx Fitness Holdings, LLC ("Myx") and Forest Road Acquisition Corp. (NYSE:FRX) ("Forest Road") was completed on June 25, 2021, creating the leading subscription health and wellness company for the mass market. The combined company is named The Beachbody Company, Inc. (the "Company") and its shares of Class A common stock and warrants are expected to start trading on the New York Stock Exchange ("NYSE") today, June 28, 2021, under the new ticker symbols "BODY" and "BODY WS," respectively. "This marks an important milestone in Beachbody's mission to help more people achieve their goals and
Forest Road Acquisition Corp. (NYSE:FRX) ("Forest Road") today announced that its stockholders have voted to approve the proposed three-way business combination (the "Business Combination") with The Beachbody Company Group, LLC ("Beachbody") and Myx Fitness Holdings, LLC ("Myx") at its special meeting of stockholders (the "Special Meeting") held today, June 24, 2021. The Business Combination is expected to close on June 25, 2021. Holders of approximately 58.5% of Forest Road's issued and outstanding shares cast votes at the Special Meeting. Approximately 99.5% of the votes cast at the Special Meeting voted to approve the Business Combination. As previously announced, the combined company
The proposed business combination is expected to close on Friday, June 25, 2021, assuming Forest Road receives stockholder approval at the Special Meeting of Stockholders to be held on June 24, 2021 Following closing, the combined company's stock and warrants are expected to trade on the New York Stock Exchange under the ticker symbols "BODY" and "BODY WS", respectively, starting on Monday, June 28, 2021 Forest Road Acquisition Corp. (NYSE:FRX) ("Forest Road"), The Beachbody Company Group, LLC ("Beachbody"), and Myx Fitness Holdings, LLC ("Myx") today announced that they expect to close their proposed three-way business combination on Friday, June 25, 2021, assuming Forest Road receive
Feed Media Group's service provides enhanced licensed music content and economics Strengthens Beachbody's position as innovative leader in at-home fitness The Beachbody Company Group, LLC ("Beachbody"), a leader in subscription health and wellness, today announced it made a strategic minority investment in Feed Media Group, the company behind Feed.fm, the leading B2B music licensing subscription service. Through its agreement with Feed.fm announced last month, Beachbody is able to elevate its fitness platforms by implementing an efficient and cost-effective solution that secures broad access to popular licensed music for its live and on-demand content. Beachbody's minority investment wil
SANTA MONICA, Calif.--(BUSINESS WIRE)--The Beachbody Company, LLC: Dear Forest Road Acquisition Corp. shareholders, More than 22 years ago, I asked Jon Congdon if he would join me in creating a company that would take advantage of the growth in direct-to-consumer marketing and the internet for profitable distribution, the growing trend of in-home fitness and the development of online communities – which at the time were nascent and simply called “Message Boards.” We never expected that over the following two decades, we would help create some of the most memorable fitness and nutrition content, reinvent mass-market healthy supplementation and be on the cutting edge of social comm
SANTA MONICA, Calif.--(BUSINESS WIRE)--The Beachbody Company, LLC (“Beachbody”), a leading subscription health and wellness company, today announced that Beachbody’s management team is participating in the Baird 2021 Global Consumer, Technology & Services Conference on Tuesday, June 8, 2021. Beachbody’s Co-Founder, Chairman and Chief Executive Officer, Carl Daikeler, and President and Chief Financial Officer, Sue Collyns are scheduled to present at 3:45 p.m. Eastern Time. A live webcast of the presentation will be available at https://thebeachbodycompany.com/investors or Beachbody | Baird Webcast. On June 24, 2021, Forest Road Acquisition Corp. (NYSE: FRX) (“Forest Road”) will hos
Dear Forest Road Acquisition Corp. Stockholders, On June 24, 2021, Forest Road Acquisition Corp. (NYSE:FRX) ("Forest Road") will host a special meeting of stockholders to vote on its proposed merger with The Beachbody Company Group, LLC ("Beachbody" and Myx Fitness Holdings, LLC ("Myx"). We believe this transaction represents a tremendous opportunity to create a publicly-traded leading at-home digital fitness and nutrition company. You have an important role to play in helping us achieve that vision by voting in favor of the transaction. Over the past 22 years, a founder-led management team has built Beachbody into a leading subscription health and wellness company, with more than three m
Forest Road Acquisition Corp. (NYSE:FRX) ("Forest Road"), today announced that the U.S. Securities and Exchange Commission ("SEC") has declared effective its Registration Statement on Form S-4 (as amended, the "Registration Statement"), which includes a definitive proxy statement/prospectus in connection with Forest Road's special meeting of stockholders (the "Special Meeting"). At the Special Meeting stockholders of Forest Road will consider the previously announced proposed business combination with The Beachbody Company Group, LLC ("Beachbody"), a leader in subscription health and wellness that offers comprehensive digital streaming fitness and nutrition solutions, and Myx Fitness Holdin
Strong First Quarter Revenue Growth, Record Engagement Levels Poised to Accelerate Growth Upon Completion of Proposed Three-Way Merger Forest Road Acquisition Corp. (NYSE:FRX) ("FRX" or "Forest Road") and The Beachbody Company Group, LLC ("Beachbody") today announced combined financial results for Beachbody and Myx Fitness Holdings, LLC ("Myx") for the first quarter 2021. Results reflect continued strong revenue momentum and record levels of customer engagement and retention at Beachbody and Myx. "The results for Beachbody and Myx this quarter reflect the continued strong customer response to our dynamic and compelling content and holistic fitness and nutrition offerings. This performanc
BODi combines the immersive, personalized experience of in-person classes with the convenience of at-home workouts Partnership with Feed.fm provides access to deep music library of popular artists, enabling curation and delivery of engaging musical content The Beachbody Company Group, LLC ("Beachbody"), a leader in subscription health and wellness, today announced that it will launch a new live interactive content subscription offering in September 2021. BOD Interactive (BODi – pronounced "body") demonstrates the investment Beachbody has made in world-class trainers and cutting-edge technology to bring the experience and energy of a group fitness experience into the home. This press r
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