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Why Forest Road Acquisition Stock Jumped Today

Why Forest Road Acquisition Stock Jumped Today

The SPAC announced earlier this month that it was planning a three-way merger with the Beachbody Company and MYX Fitness. Today's news surrounds a filing for an initial public offering to raise $300 million and create Forest Road Acquisition II. Forest Road is led by former Walt Disney (NYSE: DIS) executives Tom Staggs and Kevin Mayer.