SANTA MONICA, Calif.–(BUSINESS WIRE)–The Beachbody Firm, LLC (“Beachbody”), a number one subscription well being and wellness firm, at present introduced that Beachbody’s administration workforce is taking part within the Baird 2021 International Client, Expertise & Companies Convention on Tuesday, June 8, 2021.
Beachbody’s Co-Founder, Chairman and Chief Government Officer, Carl Daikeler, and President and Chief Monetary Officer, Sue Collyns are scheduled to current at 3:45 p.m. Japanese Time. A stay webcast of the presentation will likely be out there at https://thebeachbodycompany.com/investors or Beachbody | Baird Webcast.
On June 24, 2021, Forest Street Acquisition Corp. (NYSE: FRX) (“Forest Street”) will host a particular assembly of stockholders to vote on its proposed merger with Beachbody and Myx Health Holdings, LLC (“Myx”). Forest Street’s Board of Administrators unanimously recommends that stockholders vote “FOR” the adoption of the merger settlement and the opposite proposals detailed within the proxy assertion/prospectus despatched to stockholders. Each stockholder of document as of Could 6, 2021 is entitled to vote. Please go to www.votefrx.com for particulars on learn how to vote.
About The Beachbody Firm Group, LLC
Headquartered in Santa Monica, Beachbody is a worldwide chief in well being and health, with a 22-year monitor document of making revolutionary content material and highly effective manufacturers. With 2.7 million paid digital health subscribers throughout two platforms, a nationwide peer-support system of over 400,000 influencers and coaches as of March 31, 2021, plus a premium portfolio of branded vitamin merchandise, Beachbody is a number one holistic well being and wellness firm with over $1 billion in income projected in 2021. Beachbody, the dad or mum firm to the Beachbody On Demand platform and the fast-growing DTC platform Openfit, just lately entered right into a pending three-way merger settlement with Forest Street, a publicly traded particular objective acquisition firm, and Myx, an at-home related health platform, that can make it a public firm. For extra info, please go to TheBeachbodyCompany.com.
About Myx Health Holdings, LLC
Myx delivers a revolutionary and customized resolution for its members to make related health a part of their day by day lives. The model’s cornerstone merchandise, The MYX and The MYX Plus, supply professional-quality gear at an inexpensive worth, lots of of on-demand lessons, mixed with skilled teaching on a digital platform, designed to enhance endurance, power, mobility and suppleness. Utilizing science-backed strategies, Myx makes use of proprietary coronary heart charge know-how and cross-training, dropped at life via optimistic teaching, to ship lasting outcomes. Myx is on the market beginning at $1,299 with supply nationwide in roughly one to a few weeks relying on location and scheduling availability.
About Forest Street Acquisition Corp.
Forest Street Acquisition Corp., a clean verify firm shaped for the aim of effecting a merger, capital inventory change, asset acquisition, inventory buy, reorganization or comparable enterprise mixture with a number of companies, raised $300 million in November 2020 and its securities are listed on the NYSE beneath the tickers “FRX,” “FRX.U” and “FRX WS.” The Forest Street workforce consists of three former Disney senior executives — Tom Staggs, director and Chairperson of the Strategic Advisory Committee, Kevin Mayer, strategic advisor and Salil Mehta, Chief Monetary Officer — and is strengthened by the strategic connectivity and deal-making experience of administrators, officers and strategic advisors like Shaquille O’Neal, Peter Schlessel, Keith Horn, Sheila Stamps, Teresa Miles Walsh and Martin Luther King III. For extra info, please go to https://www.spacroadone.com/. For extra info on learn how to vote, please go to www.votefrx.com.
This press launch incorporates sure forward-looking statements throughout the that means of the federal securities legal guidelines with respect to the proposed transaction between Beachbody and Forest Street, together with statements relating to the anticipated advantages of the transaction, the anticipated timing of the transaction, future monetary situation and efficiency of Beachbody and anticipated monetary impacts of the transaction (together with future income, professional forma fairness worth and money stability), the satisfaction of closing situations to the transaction, the PIPE transaction, the extent of redemptions of FRX’s public stockholders and the merchandise and markets and anticipated future efficiency and market alternatives of Beachbody. These forward-looking statements typically are recognized by the phrases “consider,” “challenge,” “anticipate,” “anticipate,” “estimate,” “intend,” “technique,” “future,” “alternative,” “plan,” “might,” “ought to,” “will,” “would,” “will likely be,” “will proceed,” “will doubtless consequence” and comparable expressions. Ahead-looking statements are predictions, projections and different statements about future occasions which are based mostly on present expectations and assumptions and, because of this, are topic to dangers and uncertainties. Many components may trigger precise future occasions to vary materially from the forward-looking statements on this press launch, together with however not restricted to: (i) the danger that the transaction might not be accomplished in a well timed method or in any respect, which can adversely have an effect on the worth of FRX’s securities, (ii) the danger that the transaction might not be accomplished by FRX’s enterprise mixture deadline and the potential failure to acquire an extension of the enterprise mixture deadline if sought by FRX, (iii) the failure to fulfill the situations to the consummation of the transaction, together with the approval of the merger settlement by the stockholders of FRX, the satisfaction of the minimal belief account quantity following any redemptions by FRX’s public stockholders and the receipt of sure governmental and regulatory approvals, (iv) the dearth of a 3rd occasion valuation in figuring out whether or not or to not pursue the proposed transaction, (v) the lack to finish the PIPE transaction, (vi) the incidence of any occasion, change or different circumstance that would give rise to the termination of the merger settlement, (vii) the impact of the announcement or pendency of the transaction on Beachbody’s enterprise relationships, working outcomes, and enterprise typically, (viii) dangers that the proposed transaction disrupts present plans and operations of Beachbody or Myx Health, (ix) the result of any authorized proceedings that could be instituted towards Beachbody, Myx Health or towards FRX associated to the merger settlement or the proposed transaction, (x) the power to take care of the itemizing of the securities on a nationwide securities change, (xi) adjustments within the aggressive and controlled industries through which Beachbody and Myx Health function, variations in working efficiency throughout rivals, adjustments in legal guidelines and rules affecting the enterprise of Beachbody and Myx Health and adjustments within the mixed capital construction, (xii) the power to implement enterprise plans, forecasts, and different expectations after the completion of the proposed transaction, and establish and understand further alternatives, and (xiii) prices associated to the transaction and the failure to understand anticipated advantages of the transaction or to understand estimated professional forma outcomes and underlying assumptions, together with with respect to estimated shareholder redemptions. The foregoing listing of things shouldn’t be exhaustive. It is best to rigorously contemplate the foregoing components and the opposite dangers and uncertainties described within the “Danger Elements” part of the Registration Assertion on Type S-4 (as amended, the “Registration Assertion”), and different paperwork filed by FRX occasionally with the SEC. These filings establish and tackle different necessary dangers and uncertainties that would trigger precise occasions and outcomes to vary materially from these contained within the forward-looking statements. Ahead-looking statements converse solely as of the date they’re made. Readers are cautioned to not put undue reliance on forward-looking statements, and Beachbody, Myx Health and FRX assume no obligation and don’t intend to replace or revise these forward-looking statements, whether or not on account of new info, future occasions or in any other case. None of Beachbody, Myx Health or FRX offers any assurance that Beachbody, Myx Health or FRX, or the mixed firm, will obtain its expectations.
No Provide or Solicitation
This press launch is for informational functions solely and shall not represent a suggestion to promote or the solicitation of a suggestion to purchase any securities pursuant to the proposed transaction or in any other case, nor shall there be any sale of securities in any jurisdiction through which the supply, solicitation or sale could be illegal previous to the registration or qualification beneath the securities legal guidelines of any such jurisdiction. No supply of securities shall be made besides by way of a prospectus assembly the necessities of Part 10 of the Securities Act of 1933, as amended.
Essential Data and The place to Discover It
This press launch pertains to a proposed transaction amongst Beachbody, Forest Street, and Myx Health. The Registration Assertion was declared efficient by the SEC on Could 27, 2021. A definitive proxy assertion/prospectus will likely be despatched to all FRX stockholders. Earlier than making any voting resolution, stockholders of FRX are urged to learn the definitive proxy assertion/prospectus and all different related paperwork filed or that will likely be filed with the SEC in reference to the proposed transaction as they grow to be out there as a result of they may include necessary details about the proposed transaction.
Traders and stockholders will have the ability to get hold of free copies of the Registration Assertion, the definitive proxy assertion/prospectus and all different related paperwork filed or that will likely be filed with the SEC by FRX via the web site maintained by the SEC at www.sec.gov.
Individuals within the Solicitation
FRX and its administrators, government officers and advisors could also be deemed individuals within the solicitation of proxies from FRX’s stockholders with respect to the proposed transaction. An inventory of the names of these administrators, government officers and advisors and an outline of their pursuits within the Firm is contained within the Registration Assertion and is on the market freed from cost on the SEC’s website online at www.sec.gov, or by directing a request to Forest Street Acquisition Corp., 1177 Avenue of the Americas, fifth Flooring, New York, New York 10036, Consideration: Keith L. Horn. Further info relating to the pursuits of such individuals is contained within the definitive proxy assertion/prospectus for the proposed transaction.
Beachbody, Myx Health and their respective administrators and government officers may be deemed to be individuals within the solicitation of proxies from the stockholders of FRX in reference to the proposed transaction. An inventory of the names of such administrators and government officers and knowledge relating to their pursuits within the proposed transaction is included within the definitive proxy assertion/prospectus for the proposed transaction.