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Forest Road Acquisition Corp. (FRX-UN)

NYSE - Nasdaq Real-time price. Currency in USD
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13.75-0.06 (-0.43%)
At close: 3:59PM EST
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Trade prices are not sourced from all markets
Previous close13.81
Open14.50
Bid0.00 x 900
Ask0.00 x 1100
Day's range13.74 - 14.50
52-week range10.11 - 20.56
Volume271,494
Avg. volume243,851
Market capN/A
Beta (5Y monthly)N/A
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • Why Forest Road Acquisition Stock Jumped Today
    Motley Fool

    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.

  • Former Disney Executives Turn Into L.A.’s Hottest Dealmakers
    Bloomberg

    Former Disney Executives Turn Into L.A.’s Hottest Dealmakers

    (Bloomberg) -- Kevin Mayer and Tom Staggs, who were both once in line to lead Walt Disney Co., are emerging as two of the busiest dealmakers in Los Angeles.They filed papers Thursday to raise as much as $345 million for Forest Road Acquisition II, their second special purpose acquisition company, or SPAC, which will be looking at businesses to buy. On Feb. 10, the original Forest Road Acquisition Corp. announced that it was merging with two fitness companies to create Beachbody Co., a wellness company with a market value of $2.9 billion.Mayer, 58, and Staggs, 60, are also attempting to raise $2 billion from Blackstone Group Inc. to acquire other entertainment businesses, including music impresario Scooter Braun’s Ithaca Holdings and TV producer Ben Silverman’s Propagate Content, according to people familiar with their thinking.The pair, who will serve as co-chairman and co-chief executive officers of the new venture, plan to acquire businesses involved in music, film and TV production, managing artists and developing influencers in the worlds of sports and entertainment.The Hollywood Reporter reported earlier this week on those plans.Staggs, formerly the chief operating officer at Disney, left four years ago after being told he wasn’t likely get the top job. He had been serving on the boards of businesses making fitness and environmental products, while mulling some more high-profile entertainment jobs. He didn’t enter the public eye in a big way again until joining with Mayer in October to form the first Forest Road. Basketball star and commentator Shaquille O’Neal also joined the company as a strategic adviser.Once obscure vehicles for taking companies public, SPACs soared to record levels last year, accounting for 46% of the $180 billion raised in initial public offerings on U.S. exchanges, according to data compiled by Bloomberg. This year, SPACs are dominating new listings, making up 63% of $76 billion in IPO volume, the data show.Mayer led the launch of Disney’s phenomenally successful Disney+ streaming service, before being passed over for the CEO position last February. He briefly took on that role at social media giant TikTok -- the source of ire for then-President Donald Trump because of its ties to China -- before leaving the company in August.“We’re doing some other stuff. We’re looking at some other things,” Mayer said during an interview on Bloomberg Television after the Beachbody deal this month. “There may be future announcements to make,” he said with a smile.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Forest Road Acquisition Corp. - FRX
    PR Newswire

    SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Forest Road Acquisition Corp. - FRX

    Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018 and 2019 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is investigating Forest Road Acquisition Corp. ("FRX" or the "Company") (FRX) relating to its proposed merger with The Beachbody Company Group, LLC. Under the terms of the agreement, FRX will acquire Beachbody through a reverse merger, with Beachbody emerging as a publicly traded company.