Forest Road Acquisition Corp. announced that its stockholders had voted to approve the proposed three-way business combination with The Beachbody Company Group, LLC and Myx Fitness Holdings, LLC at a special meeting of stockholders.
The business combination is expected to close on June 25.
Holders of approximately 58.5 percent of Forest Road’s issued and outstanding shares cast votes at the special meeting. Approximately 99.5 percent of the votes cast at the Special Meeting voted to approve the business combination.
As previously announced, the combined company will be named “The Beachbody Company, Inc.” and its common stock and warrants are expected to start trading on the New York Stock Exchange under the new ticker symbols “BODY” and “BODY WS,” respectively, on June 28, 2021.
“We are thrilled with the overwhelming support from our stockholders. Today’s vote marks an important milestone in Beachbody’s mission to help more people achieve their goals and lead healthy and fulfilling lives. We look forward to supporting Beachbody as it furthers this mission as a public company, introducing many more people to its proven, at-home fitness and nutrition solutions,” said Keith Horn, chief executive officer of Forest Road Acquisition Corp.
Photo courtesy Beachbody Company