re: Special Purpose Acquisition Company (SPAC) Discussion

FRX is the second SPAC I've invested in this year. Who's rolling the dice on this one?

3-way merger
-Forest Road Acquisition Corp
- Beachbody
- MYXfitness

These guys are going to attempt to compete with Peloton as the low-cost, at-home fitness option for the masses.

Beachbody CEO Letter to Forest Road Shareholders

quote:

---

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") to usher in this chapter, and officially list BODY on the New York Stock Exchange.

---

Forest Road Acquisition Corp. and The Beachbody Company Announce Combined First Quarter 2021 Financial Results for Beachbody and Myx

quote:

---

First Quarter 2021 Combined1 Revenue Highlights

Combined results for Beachbody and Myx for the three months ended March 31, 2021 as compared to the three months ended March 31, 2020 were as follows:

Total revenue was $243.3 million, a 43% increase
Nutritional and other revenue was $131.1 million, a 23% increase
Digital revenue was $97.5 million, a 56% increase
Connected fitness revenue was $14.7 million, an increase of more than 20 times

---