Team Beachbody
October 27, 2023
The Beachbody Company, Inc. disclosed in a Form 8-K filed October 27, 2023 that the New York Stock Exchange notified it the same day that the exchange would begin proceedings to delist the company's redeemable warrants and immediately suspend their trading because of abnormally low price levels under Section 802.01D of the NYSE Listed Company Manual.
Each warrant, listed under the symbol BODY WS, was exercisable for one share of Class A common stock at 11.50 dollars. The exchange said it would apply to the Securities and Exchange Commission to remove the warrants once all procedures were completed, and it filed the delisting notice in November 2023. Trading in the company's Class A common stock was not affected and continued on the NYSE under the symbol BODY.
El Segundo, California based Beachbody, which operates the BODi fitness and nutrition platform, sells through independent coaches as well as directly to consumers.