Team Beachbody
June 28, 2021
The Beachbody Company Group said its three-way combination with Myx Fitness and Forest Road Acquisition Corp. closed on June 25, 2021. The combined company is The Beachbody Company, Inc. Class A shares and warrants were expected to begin trading on the New York Stock Exchange on June 28, 2021, under the symbols BODY and BODY WS.
Co-founder, chairman, and chief executive Carl Daikeler said the public listing would help fund platform growth, connected fitness hardware through Myx, and new in-home fitness content. Jon Congdon continues to lead Openfit, and Heberto Calves remains president of Myx. Kevin Mayer joined the board as a strategic adviser from Forest Road.
Forest Road stockholders approved the deal on June 24, 2021. As of March 31, 2021, Beachbody said it had 2.8 million digital fitness subscribers and more than 400,000 influencers and coaches, plus branded nutrition products.