SANTA MONICA, Calif.–(BUSINESS WIRE)–The Beachbody Firm, LLC (“Beachbody”), a number one subscription well being and wellness firm, at the moment introduced that the Beachbody’s administration crew is collaborating within the sixteenth Annual Needham Digital Expertise & Media Convention on Wednesday, Might 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. Jap Time. A reside webcast of the fireplace chat might 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 coming into right into a definitive three-way merger settlement with Forest Highway Acquisition Corp. (NYSE: FRX), a publicly traded particular function acquisition firm, and Myx Health Holdings, LLC, an at-home related health platform that includes an business main bike and residential studio. Beachbody continues to count on the three-way merger to shut within the second quarter of 2021. The mixed firm might be listed on the NYSE beneath 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 report of making revolutionary 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 mum or dad 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 function 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 reasonably priced value, a whole lot of on-demand lessons, mixed with knowledgeable teaching on a digital platform, designed to enhance endurance, energy, mobility and suppleness. Utilizing science-backed strategies, Myx Health makes use of proprietary coronary heart charge know-how and cross-training, delivered to life via optimistic teaching, to ship lasting outcomes. Myx Health is offered 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 fashioned for the aim of effecting a merger, capital inventory alternate, asset acquisition, inventory buy, reorganization or related enterprise mixture with a number of companies, raised $300 million in November 2020 and its securities are listed on the NYSE beneath the tickers “FRX,” “FRX.U” and “FRX WS.” The Forest Highway crew contains 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 throughout the which means of the federal securities legal guidelines with respect to the proposed transaction between Beachbody and Forest Highway, together with statements relating to 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 circumstances 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 typically are recognized by the phrases “imagine,” “venture,” “count on,” “anticipate,” “estimate,” “intend,” “technique,” “future,” “alternative,” “plan,” “might,” “ought to,” “will,” “would,” “might be,” “will proceed,” “will possible end result” and related expressions. Ahead-looking statements are predictions, projections and different statements about future occasions which can be primarily based on present expectations and assumptions and, consequently, are topic to dangers and uncertainties. Many components 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 chance that the transaction will 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 chance that the transaction will 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 circumstances 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 social gathering 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 would 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 typically, (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 towards Beachbody or towards 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) adjustments within the aggressive and controlled industries through which Beachbody and Myx function, variations in working efficiency throughout opponents, adjustments in legal guidelines and laws affecting the enterprise of Beachbody and Myx and adjustments within the mixed capital construction, (xii) the flexibility to implement enterprise plans, forecasts, and different expectations after the completion of the proposed transaction, and determine and notice extra alternatives, (xiii) the chance of downturns and a altering regulatory panorama within the extremely aggressive residential actual property business, 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 listing of things shouldn’t be exhaustive. You must fastidiously take into account the foregoing components and the opposite dangers and uncertainties described within the “Threat Elements” part of the registration assertion on Type S-4 mentioned beneath and different paperwork filed by FRX occasionally with the SEC. These filings determine and tackle different vital dangers and uncertainties that would 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.
Vital 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 through which such supply, sale or alternate can be illegal previous to registration or qualification beneath the securities legal guidelines of any such jurisdiction. FRX intends to file a registration assertion on Type S-4 with the SEC, which can embody a doc that serves as a prospectus and proxy assertion of FRX, known as a proxy assertion/prospectus. A proxy assertion/prospectus might be despatched to all FRX shareholders. FRX additionally will file different paperwork relating to the proposed transaction with the SEC. Earlier than making any voting determination, 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 might be filed with the SEC in reference to the proposed transaction as they develop into out there as a result of they may comprise vital details about the proposed transaction.
Buyers and safety holders will be capable to receive free copies of the registration assertion, the proxy assertion/prospectus and all different related paperwork filed or that might be filed with the SEC by FRX via the web site maintained by the SEC at www.sec.gov.
Individuals within the Solicitation
FRX and its administrators and government officers could also be deemed to be individuals within the solicitation of proxies from FRX’s shareholders in reference to the proposed transaction. A listing of the names of such administrators and government officers and knowledge relating to their pursuits within the enterprise mixture might be contained within the proxy assertion/prospectus when out there. It’s possible you’ll receive free copies of those paperwork as described within the previous paragraph.