Beachbody s SPAC Merger With Peloton Rival Mints A New Billionaire forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Carmel Rodriguez. The trainers may be elite, but the JBYB program is designed for every fitness level. This team came together with a purpose: To coach people through every move, with modifications, progressions and everything in between. No matter your prior workout experience, JBYB will build strength, balance and mobility. Because it’s on the Openfit platform, the program takes Openfit’s holistic approach to health and wellness with 30 minute classes, nutrition guidance with the One Minute Meal Plan, and Ladder premium nutritional supplements for best results.
“I’ve been doing this for 20 years, and the first time I saw the Fit Four working together I knew we were producing an in-home body transformation program with more variety and personality than anything we’ve ever done,” said Jon Congdon, CEO of Openfit. “They’re just so unique and dynamic, and they each bring their own specialty to every workout. Because they’re having a blast training together, the viewe
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 business
Beachbody To Become Publicly Traded Company
WASHINGTON (dpa-AFX) - Beachbody Company Group LLC said that it plans to become a public company by entering into a definitive three-way merger agreement with Forest Road Acquisition Corp. (FRX), a publicly traded special purpose acquisition company, and Myx Fitness Holdings LLC.
Upon closing of the business combination transaction, The Beachbody Company will be the parent company of three premium content and technology-driven businesses: Beachbody On Demand, Openfit and Myx.
The transaction is expected to close in the second quarter of 2021 and the combined company will be listed on the NYSE under a new ticker symbol, BODY .