Welcome to our dedicated page for FRX news (Ticker: FRX), a resource for investors and traders seeking the latest updates and insights on FRX stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect FRX's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of FRX's position in the market.
Forest Road Acquisition Corp. (NYSE:FRX) announced stockholder approval for a three-way business combination with The Beachbody Company Group and Myx Fitness Holdings. The Special Meeting held on June 24, 2021, saw 58.5% of shares voted, with 99.5% in favor of the transaction. The combined entity will be named The Beachbody Company, Inc., trading under ticker symbols 'BODY' and 'BODY WS' from June 28, 2021. This merger aims to empower more individuals in health and fitness, building upon Beachbody's existing success with over 2.7 million digital subscribers and projected revenues exceeding $1 billion in 2021.
Forest Road Acquisition Corp. (NYSE:FRX) plans to merge with The Beachbody Company and Myx Fitness, creating a leading subscription health and wellness provider. The merger is set to close on June 25, 2021, contingent on stockholder approval during a Special Meeting on June 24, 2021. Following the merger, the new company will trade under the ticker symbols 'BODY' and 'BODY WS' starting June 28, 2021. Beachbody, a leader in health and fitness with over 2.7 million subscribers and projected revenue of $1 billion in 2021, will transition into a public entity.
The Beachbody Company is preparing for its merger with Forest Road Acquisition Corp. (NYSE:FRX) and Myx Fitness, aiming to become publicly listed under the ticker BODY. This merger, set for a shareholder vote on June 24, 2021, is positioned to enhance Beachbody's growth, leveraging its strong brand and digital transformation. Co-founder Carl Daikeler emphasizes a commitment to health and fitness, urging shareholder support for the merger, which he believes will unlock significant potential for widespread impact in the market.
The Beachbody Company announced participation in the Baird 2021 Global Consumer Conference on June 8, 2021. CEO Carl Daikeler and CFO Sue Collyns will present at 3:45 p.m. ET. A live webcast is available on Beachbody's investor site. Additionally, Forest Road Acquisition Corp. (NYSE: FRX) plans a special stockholder meeting on June 24, 2021, to vote on a merger with Beachbody and Myx Fitness. Stockholders as of May 6, 2021, can vote, with a unanimous recommendation to vote 'FOR' the merger. Beachbody anticipates over $1 billion in revenue for 2021.
Forest Road Acquisition Corp. (NYSE: FRX) will hold a special meeting on June 24, 2021, to vote on its merger with Beachbody and Myx Fitness. This merger aims to create a leading at-home digital fitness and nutrition company, leveraging Beachbody's over 3 million subscriptions and profitable growth track record. Recent financial results showcase strong revenue growth and high customer engagement. The Board of Directors recommends stockholders vote 'FOR' the merger. Stockholders as of May 6, 2021, are eligible to vote and can find voting details at www.votefrx.com.
Forest Road Acquisition Corp. (NYSE: FRX) announced the SEC has declared effective its Registration Statement for a Special Meeting to consider the business combination with The Beachbody Company and Myx Fitness. Scheduled for June 24, 2021, the meeting will allow stockholders to vote on the merger and related proposals. Beachbody, with over 2.7 million subscribers and projected revenue exceeding $1 billion in 2021, has shown strong growth through new product launches and partnerships. If approved, the merger will result in a name change to The Beachbody Company, Inc., and a shift in stock symbols to 'BODY' and 'BODY WS'.
Forest Road Acquisition Corp. (NYSE: FRX) and The Beachbody Company Group, LLC announced combined financial results for Q1 2021, showing strong growth. Total revenue reached $243.3 million, up 43% year-over-year, with digital revenue increasing 56%. Beachbody hit 3.2 million subscriptions, a 39% rise. Myx Fitness sold 11.3 thousand connected fitness bikes, a 927% increase. The anticipated merger closing is scheduled for Q2 2021, paving the way for expansive growth and innovation in the fitness sector.
The Beachbody Company announced the launch of a new live interactive subscription service, BOD Interactive (BODi), set for September 2021. This innovative platform aims to transform at-home fitness with real-time interaction between trainers and members, enabled by advanced technology and partnerships. Subscribers will enjoy a variety of fitness classes featuring popular trainers, with personalized music options. Priced at $19.95 per month, BODi will complement the existing BOD membership. This announcement coincides with Beachbody's planned public listing through a merger with Forest Road Acquisition Corp (FRX), expected to close by Q2 2021.
The Beachbody Company and Forest Road Acquisition Corp. (FRX) will host a webinar on May 12, 2021, detailing their merger with Myx Fitness. The merger aims to establish a leading subscription health and wellness entity to leverage growth in digital subscriptions and connected fitness within a $1.5 trillion market. The Beachbody Company, a leader in health and fitness with projected revenues exceeding $1 billion in 2021, will transition to a public entity post-merger, adopting the 'BODY' ticker symbol on NYSE.
The Beachbody Company announced a definitive merger with Forest Road Acquisition Corp. (NYSE: FRX) and Myx Fitness Holdings, LLC. This merger aims to create a public entity, with Beachbody being the parent company of Beachbody On Demand, Openfit, and Myx. The transaction is expected to close in Q2 2021, leading to a new ticker symbol 'BODY'. Beachbody, led by CEO Carl Daikeler, reported pro forma revenue of $880 million in 2020 and boasts 2.6 million paid digital subscribers. The combined entity will leverage synergies for growth in the health and wellness market.
