The Santa Monica-based digital fitness streaming and nutrition company has entered into a three-way merger agreement with Myx Fitness Holdings, which sells connected exercise bikes, and publicly traded SPAC Forest Road Acquisition Corp. The resulting entity with retain The Beachbody Company name, and trade on the NYSE under a new ticker symbol, BODY, once the deal closes some time in Q2 ’21. Beachbody’s current management and shareholders are rolling over their entire equity stake and will own about 84% of the resulting business. Beachbody co-founders Carl Daikeler and Jon Congdon will continue to lead the company, and Forest Road’s strategic ... Log in to view full article.