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re: Special Purpose Acquisition Company (SPAC) Discussion
Posted on 6/10/21 at 8:22 pm to Palm Beach Tiger
Posted on 6/10/21 at 8:22 pm to Palm Beach Tiger
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
Forest Road Acquisition Corp. and The Beachbody Company Announce Combined First Quarter 2021 Financial Results for Beachbody and Myx
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
Posted on 6/11/21 at 8:46 am to ATLsuTiger
SPACs showing signs of life again.
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