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NextGen Acquisition Corp. II Announces Pricing of $350 Million Initial Public Offering

NextGen Acquisition Corp. II Announces Pricing of $350 Million Initial Public Offering
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

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P90X and Insanity Workout Company Intends to go Public with SPAC


P90X and Insanity Workout Company Intends to go Public with SPAC
Posted on 03/05/2021
In February 2021, The Beachbody Company Group, LLC disclosed its intention to become a public company by entering into a definitive three-way merger agreement with Forest Road Acquisition Corp. (NYSE: FRX) (“Forest Road”), a publicly traded special purpose acquisition company, and Myx Fitness Holdings, LLC (“Myx Fitness” or “Myx”), an at-home connected fitness platform featuring an industry leading bike and home studio. Beachbody will continue to be led by Carl Daikeler, Beachbody’s co-founder, Chairman and Chief Executive Officer and Jon Congdon, co-founder of Beachbody and CEO of Openfit. Forest Road’s strategic advisor Kevin Mayer, former CEO of TikTok and visionary leader behind Disney+, will join the combined company’s Board of Directors. Beachbody management and shareholders are rolling over 100% of their equity stake and will own approximately 84% of the pro forma ....

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