Benzinga | Jun 24, 2021 02:14PM EDT

Forest Road Acquisition Corp. Stockholders Approve Proposed Merger With The Beachbody Company and Myx Fitness, Creating the Leading Subscription Health and Wellness Company for the Mass Market

Forest Road Acquisition Corp. (NYSE:FRX) ("Forest Road") today announced that its stockholders have voted to approve the proposed three-way business combination (the "Business Combination") with The Beachbody Company Group, LLC ("Beachbody") and Myx Fitness Holdings, LLC ("Myx") at its special meeting of stockholders (the "Special Meeting") held today, June 24, 2021. The Business Combination is expected to close on June 25, 2021.

Holders of approximately 58.5% of Forest Road's issued and outstanding shares cast votes at the Special Meeting. Approximately 99.5% of the votes cast at the Special Meeting voted to approve the Business Combination.

As previously announced, the combined company will be named "The Beachbody Company, Inc." and its common stock and warrants are expected to start trading on the New York Stock Exchange ("NYSE") under the new ticker symbols "BODY" and "BODY WS," respectively, on June 28, 2021.

"We are thrilled with the overwhelming support from our stockholders. Today's vote marks an important milestone in Beachbody's mission to help more people achieve their goals and lead healthy and fulfilling lives. We look forward to supporting Beachbody as it furthers this mission as a public company, introducing many more people to its proven, at-home fitness and nutrition solutions," said Keith Horn, Chief Executive Officer of Forest Road.

A Current Report on Form 8-K disclosing the full voting results will be filed by Forest Road with the Securities and Exchange Commission.