Beachbody SPAC Deal Wins Shareholder Approval
Stockholders of Forest Road Acquisition Corp. voted to approve the three way merger between the SPAC, The Beachbody Company Group, and connected exercise bike company Myx Fitness Holdings. As we reported in Feb., the deal values the combined company at about $2.9 billion, or 2.0x 2022 projected revenue. Pro forma revenues were $880 million in 2020, including $30 million of revenue from Myx, which sold ... Log in to view full article.
