Forest Road Acquisition Corp., The Beachbody Company and Myx Fitness Announce Expected Closing of Business Combination
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 receives stockholder approval at the Special Meeting of Stockholders (the "Special Meeting") to be held on Thursday, June 24, 2021, creating the leading subscription health and wellness company for the mass market. Following the 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.
The Special Meeting to approve, among other things, the proposed business combination, will be held on June 24, 2021 at 10:00 a.m., Eastern Time in virtual format at the following address: https://www.cstproxy.com/forestroadacquisition/sm2021.
Forest Road Stockholder Vote
The Special Meeting will take place at 10:00 a.m., Eastern Time, on June 24, 2021 virtually at the following address: https://www.cstproxy.com/forestroadacquisition/sm2021. Forest Road stockholders entitled to vote at the Special Meeting will need the 12-digit meeting control number that is printed on their respective proxy cards to enter the Special Meeting. Forest Road recommends that its stockholders wishing to vote at the Special Meeting log in at least 15 minutes before the Special Meeting starts. Please note that Forest Road stockholders will not be able to attend the Special Meeting in person. Forest Road encourages its stockholders entitled to vote at the Special Meeting to vote their shares via proxy in advance of the Special Meeting by following the instructions on the proxy card.
As announced previously, upon the effectiveness of the business combination, Forest Road will change its name to "The Beachbody Company, Inc." and its common stock and warrants are expected to be traded on the New York Stock Exchange under the new symbols "BODY" and "BODY WS", respectively. At the closing of the business combination, each Forest Road unit will separate into its components consisting of one share of Forest Road common stock and one-third of one warrant and, as a result, will no longer trade as a separate security.
About The Beachbody Company Group, LLC
About Myx Fitness Holdings, LLC
About Forest Road Acquisition Corp.
No Offer or Solicitation
Important Information and Where to Find It
Investors and stockholders will be able to obtain free copies of the Registration Statement, the definitive proxy statement/prospectus and all other relevant documents filed or that will be filed with the SEC by FRX through the website maintained by the SEC at www.sec.gov.
Participants in the Solicitation
Beachbody, Myx Fitness and their respective directors and executive officers may also be deemed to be participants in the solicitation of proxies from the stockholders of FRX in connection with the proposed transaction. A list of the names of such directors and executive officers and information regarding their interests in the proposed transaction is included in the definitive proxy statement/prospectus for the proposed transaction.