What happens to FRX stock after merger? When the deal closes, shares of FRX stock will continue to trade on the New York Stock Exchange. However, the ticker won't be the same. It will be switched over to the BODY ticker for the new company. The Forest Road SPAC merger values the combined company at $2.9 billion.
Will FRX stock become BODY?
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.
Who did FRX merge with?
(NYSE:FRX) (“Forest Road”) today announced that its stockholders have voted to approve the proposed three-way business combination (the “Business Combination”) with The Beachbody Company Group, LLC (“Beachbody”) and Myx Fitness Holdings, LLC (“Myx”) at its special meeting of stockholders (the “Special Meeting”) held
Who owns FRX stock?
Forest Road Company, LLC is currently the largest shareholder, with 20% of shares outstanding. For context, the second largest shareholder holds about 5.7% of the shares outstanding, followed by an ownership of 4.5% by the third-largest shareholder.
Why is FRX stock down?
FRX stock is dropping.
The stock is down as investors rebalance their portfolios amid the broader market sell-off. The SEC's involvement in SPAC transactions has caused a stir and sent various SPAC stocks down.
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What is FRX in investing?
Industry Leaders in Strategy, Operations, and Investing.
Forest Road Acquisition Corp. (NYSE: FRX) is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Who owns Beachbody LLC?
Carl Daikeler is Co-Founder, Chairman and Chief Executive Officer of The Beachbody Company, a leader in digital at-home fitness and nutrition with a 20+ year record of creating innovative content and powerful brands.
Is Beachbody stock a good buy?
Is Beachbody a buy right now? 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Beachbody in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Beachbody stock.
Did beachbody buy MYXfitness?
Following the recent merger, The Beachbody Company and its three brands - connected fitness brand MYXfitness™, the Beachbody on Demand® streaming platform and the live Openfit™ digital streaming platform - will introduce two distinct connected fitness experiences to the original MYX and new MYX II bikes that users can
Will beachbody pay dividends?
BODY does not currently pay a dividend.
Where can I buy beachbody stock?
Invest in The Beachbody Company on Stash
, you can buy The Beachbody Company stock in any dollar amount, or any other fund or stock you know on Stash.
What is FRX Forest Road?
Forest Road Acquisition Corp., a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, raised $300 million in November 2020 and its securities are listed on the NYSE under
Should I sell FRX stock?
The SPAC announces which company it will be acquiring (and taking public).
Is FRX shorted?
Short Shares Availability
This table shows the number of shares of US:FRX available to be shorted at a leading prime brokerage. It is not the total number of shares available to short, nor is it the short interest.
What is $FRX?
What is FRX Report Designer?
FRx Report Designer - FRx Report Designer allows users to create, generate, view, distribute and manage financial reports from their desktop without additional help from the IT department or a database professional.
Who is Jericho McMatthews?
As a Beachbody Super Trainer, McMatthews is the co-creator of the mixed martial arts-style program, CORE DE FORCE™, and other workouts available on Beachbody On Demand. A mother and wife, McMatthews spends her free time traveling and adventuring with her family.
How much does Autumn Calabrese weigh?
Everyone is built different, even different one structure can make a difference. Autumn, I am 5'2" and weigh 104.5 lbs, BF is 22% from my scale. I would LOVE to get to 15% BF.
How much is Carl daikeler worth?
Daikeler himself is now worth an estimated $660 million, based on his majority ownership of the privately held company, which has attracted 28 million dieters since its 1998 inception and had revenue of $1 billion in 2017.
Is beachbody partnering with Peloton?
Just when you think MYX, Peloton's fiercest competition, couldn't get any hotter, they go ahead and announce that they're partnering with Beachbody, the mega-brand that reaches millions of people every year. MYX compared to Peloton has been a hot topic, but the MYX II provides more fuel to the fire than ever before.
Did Peloton and beachbody merge?
Beachbody CEO and chairman Carl Daikeler, who founded the company in 1998, is now a billionaire thanks to his 44% stake, worth $1.7 billion as of 9:45 am ET on Monday.
Does MYX track distance?
With the MYX II you can now track your cadence, distance, and speed. That means even more metrics to plot, chart, and measure your progress over time to hit your goals with science on your side. The new sleeker touch screen has bigger sound and a camera built in for the most immersive workout experience out there.
Is beachbody a MLM?
Their direct-selling channel, Team Beachbody, uses the MLM model via their independent distributors (referred to by the firm as “coaches”), to sell products directly to people in their community. . Beachbody's product range includes workout routines, fitness plans, DVDs, accessories and nutritional supplements.
How many shares of body are there?
Beachbody has 308.18 million shares outstanding.
|Shares Change (QoQ)||+296.80%|
|Owned by Insiders (%)||17.99%|
|Owned by Institutions (%)||37.10%|