Forest Road Acquisition II filed with the SEC to offer 30 million units at $10 each.
The company will target businesses in the technology, media, telecommunications, and consumer (TMTC) space.
This is the second SPAC from former Disney CFO Thomas Staggs, who was also chairman of Disney Parks and Resorts Worldwide, and Kevin Mayer, who was previously CEO of TikTok and prior to that oversaw the launch of Disney+ while serving as chairman of the Direct-to-Consumer & International division at Disney. They are Co-CEOs of the new SPAC.
Basketball legend Shaquille O’Neal is a strategic advisor. Martin Luther King III is on the board of directors.
The group’s first SPAC, Forest Road Acquisition, last week announced a three-way merger agreement with Beachbody Company Group and Myx Fitness Holdings, an at-home connected fitness platform. Read more.
The SPAC plans to list on the NYSE under FRXB.U. Read more.
