Forest Road Acquisition set a June 24 meeting date for shareholders to vote on the proposed business combination with The Beachbody Company Group and Myx Fitness Holdings. The SEC has declared the proxy statement effective.
Announced in February, the transaction values the combined company at $2.9 billion and is expected to add over $420 million of cash to the balance sheet, including a committed PIPE of $225 million.
The Beachbody Company offers digital streaming fitness and nutrition solutions and Myx Fitness is an at-home connected fitness platform. Read more.
