Team Beachbody
April 11, 2025
EL SEGUNDO, Calif., April 11, 2025 --
The Beachbody Company said it received notice from the New York Stock Exchange that it is not in compliance with Section 802.01B of the exchange's listed company manual, which requires an average market capitalization of not less than 50.0 million dollars over a consecutive 30 trading-day period and stockholders' equity of not less than 50.0 million dollars.
Under NYSE rules, the company has 45 days to submit a business plan showing how it intends to regain compliance within 18 months. The company said it intends to submit a plan to regain compliance as required.
The company said the notice has no effect on the listing of its securities at this time, subject to compliance with other continued listing requirements. The notice comes as the fitness and nutrition company works through a turnaround that included converting its coach network from multi-level marketing to a single-level affiliate model.