SANTA MONICA, Calif.–(BUSINESS WIRE)–The Beachbody Firm, LLC (“Beachbody”), a number one subscription well being and wellness firm, right this moment introduced that the Beachbody’s administration workforce is taking part within the sixteenth Annual Needham Digital Expertise & Media Convention on Wednesday, Could 19, 2021.
Beachbody’s Co-Founder, Chairman and Chief Government Officer, Carl Daikeler, and President and Chief Monetary Officer, Sue Collyns are scheduled to take part in a fireplace chat at 12:45 p.m. Japanese Time. A dwell webcast of the fireplace chat will probably be out there at https://thebeachbodycompany.com/investors or Beachbody | Needham Webcast.
On February 10, 2021, The Beachbody Firm introduced its intention to develop into a public firm by getting into right into a definitive three-way merger settlement with Forest Highway Acquisition Corp. (NYSE: FRX), a publicly traded particular objective acquisition firm, and Myx Health Holdings, LLC, an at-home related health platform that includes an trade main bike and residential studio. Beachbody continues to anticipate the three-way merger to shut within the second quarter of 2021. The mixed firm will probably be listed on the NYSE below a brand new ticker image, “BODY”.
About The Beachbody Firm
Headquartered in Santa Monica, The Beachbody Firm is a worldwide chief in well being and health, with a 22-year observe document of making modern content material and highly effective manufacturers. With 2.6 million paid digital health subscribers throughout two platforms, a nationwide peer-support system of over 400,000 influencers and coaches as of December 2020, plus a premium portfolio of branded diet merchandise, Beachbody is a number one holistic well being and wellness firm with over $1 billion in income projected in 2021. The Beachbody Firm, the mother or father firm to the Beachbody On Demand platform and the fast-growing DTC platform Openfit, lately entered right into a pending three-way merger settlement with Forest Highway Acquisition Corp. (FRX), a publicly traded particular objective acquisition firm, and MYX Health Holdings LLC (Myx), an at-home related health platform, that can make it a public firm. For extra data, please go to TheBeachbodyCompany.com.
About Myx Health
Myx Health delivers a revolutionary and customized answer for its members to make related health a part of their day by day lives. The model’s cornerstone merchandise, The MYX and The MYX Plus, supply professional-quality tools at an inexpensive worth, a whole lot of on-demand lessons, mixed with professional teaching on a digital platform, designed to enhance endurance, power, mobility and suppleness. Utilizing science-backed strategies, Myx Health makes use of proprietary coronary heart fee expertise and cross-training, delivered to life by means of constructive teaching, to ship lasting outcomes. Myx Health is on the market beginning at $1,299 with supply nationwide in roughly one to a few weeks relying on location and scheduling availability.
About Forest Highway Acquisition Corp.
Forest Highway Acquisition Corp., a clean verify firm shaped for the aim of effecting a merger, capital inventory alternate, asset acquisition, inventory buy, reorganization or comparable enterprise mixture with a number of companies, raised $300 million in November 2020 and its securities are listed on the NYSE below the tickers “FRX,” “FRX.U” and “FRX WS.” The Forest Highway workforce consists of three former Disney senior executives — Tom Staggs, director and Chairperson of the Strategic Advisory Committee, Kevin Mayer, strategic advisor and Salil Mehta, Chief Monetary Officer — and is strengthened by the strategic connectivity and deal-making experience of administrators, officers and strategic advisors like Shaquille O’Neal, Peter Schlessel, Keith Horn, Sheila Stamps, Teresa Miles Walsh and Martin Luther King III. For extra data, please go to https://www.spacroadone.com/.
This press launch comprises sure forward-looking statements inside the that means of the federal securities legal guidelines with respect to the proposed transaction between Beachbody and Forest Highway, together with statements concerning the anticipated advantages of the transaction, the anticipated timing of the transaction, future monetary situation and efficiency of Beachbody and anticipated monetary impacts of the transaction (together with future income, professional forma fairness worth and money steadiness), the satisfaction of closing situations to the transaction, the PIPE transaction, the extent of redemptions of FRX’s public stockholders and the merchandise and markets and anticipated future efficiency and market alternatives of Beachbody. These forward-looking statements usually are recognized by the phrases “imagine,” “venture,” “anticipate,” “anticipate,” “estimate,” “intend,” “technique,” “future,” “alternative,” “plan,” “might,” “ought to,” “will,” “would,” “will probably be,” “will proceed,” “will probably end result” and comparable expressions. Ahead-looking statements are predictions, projections and different statements about future occasions which are based mostly on present expectations and assumptions and, in consequence, are topic to dangers and uncertainties. Many elements may trigger precise future occasions to vary materially from the forward-looking statements on this press launch, together with however not restricted to: (i) the danger that the transaction might not be accomplished in a well timed method or in any respect, which can adversely have an effect on the worth of FRX’s securities, (ii) the danger that the transaction might not be accomplished by FRX’s enterprise mixture deadline and the potential failure to acquire an extension of the enterprise mixture deadline if sought by FRX, (iii) the failure to fulfill the situations to the consummation of the transaction, together with the approval of the merger settlement by the stockholders of FRX, the satisfaction of the minimal belief account quantity following any redemptions by FRX’s public stockholders and the receipt of sure governmental and regulatory approvals, (iv) the dearth of a 3rd occasion valuation in figuring out whether or not or to not pursue the proposed transaction, (v) the shortcoming to finish the PIPE transaction, (vi) the prevalence of any occasion, change or different circumstance that might give rise to the termination of the merger settlement, (vii) the impact of the announcement or pendency of the transaction on Beachbody’s enterprise relationships, working outcomes, and enterprise usually, (viii) dangers that the proposed transaction disrupts present plans and operations of Beachbody, (ix) the end result of any authorized proceedings that could be instituted in opposition to Beachbody or in opposition to FRX associated to the merger settlement or the proposed transaction, (x) the flexibility to take care of the itemizing of FRX’s securities on a nationwide securities alternate, (xi) modifications within the aggressive and controlled industries wherein Beachbody and Myx function, variations in working efficiency throughout rivals, modifications in legal guidelines and laws affecting the enterprise of Beachbody and Myx and modifications within the mixed capital construction, (xii) the flexibility to implement enterprise plans, forecasts, and different expectations after the completion of the proposed transaction, and establish and understand extra alternatives, (xiii) the danger of downturns and a altering regulatory panorama within the extremely aggressive residential actual property trade, and (ix) prices associated to the transaction and the failure to comprehend anticipated advantages of the transaction or to comprehend estimated professional forma outcomes and underlying assumptions, together with with respect to estimated shareholder redemptions. The foregoing checklist of things is just not exhaustive. You must fastidiously take into account the foregoing elements and the opposite dangers and uncertainties described within the “Threat Components” part of the registration assertion on Kind S-4 mentioned under and different paperwork filed by FRX infrequently with the SEC. These filings establish and handle different necessary dangers and uncertainties that might trigger precise occasions and outcomes to vary materially from these contained within the forward-looking statements. Ahead-looking statements communicate solely as of the date they’re made. Readers are cautioned to not put undue reliance on forward-looking statements, and Beachbody and FRX assume no obligation and don’t intend to replace or revise these forward-looking statements, whether or not on account of new data, future occasions or in any other case. None of Beachbody, Myx or FRX offers any assurance that Beachbody, Myx or FRX, or the mixed firm, will obtain its expectations.
Necessary Data and The place to Discover It
This press launch pertains to a proposed transaction amongst The Beachbody Firm, Forest Highway Acquisition Corp., and Myx Health. This press launch doesn’t represent a proposal to promote or alternate, or the solicitation of a proposal to purchase or alternate, any securities, nor shall there be any sale of securities in any jurisdiction wherein such supply, sale or alternate could be illegal previous to registration or qualification below the securities legal guidelines of any such jurisdiction. FRX intends to file a registration assertion on Kind S-4 with the SEC, which is able to embody a doc that serves as a prospectus and proxy assertion of FRX, known as a proxy assertion/prospectus. A proxy assertion/prospectus will probably be despatched to all FRX shareholders. FRX additionally will file different paperwork concerning the proposed transaction with the SEC. Earlier than making any voting resolution, traders and safety holders of FRX are urged to learn the registration assertion, the proxy assertion/prospectus and all different related paperwork filed or that will probably be filed with the SEC in reference to the proposed transaction as they develop into out there as a result of they are going to include necessary details about the proposed transaction.
Buyers and safety holders will be capable to acquire free copies of the registration assertion, the proxy assertion/prospectus and all different related paperwork filed or that will probably be filed with the SEC by FRX by means of the web site maintained by the SEC at www.sec.gov.
Members within the Solicitation
FRX and its administrators and govt officers could also be deemed to be contributors within the solicitation of proxies from FRX’s shareholders in reference to the proposed transaction. A listing of the names of such administrators and govt officers and data concerning their pursuits within the enterprise mixture will probably be contained within the proxy assertion/prospectus when out there. You could acquire free copies of those paperwork as described within the previous paragraph.