Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Beachbody Company, Inc. entered into Warrant Second Amendment with affiliates of the lenders and Blue Torch valued at Amends exercise price from $20.50 to $9.16 per share of Class A Common Stock for warrants to purchas (effective 2024-04-05).
- Action
- entry
- Counterparty
- affiliates of the lenders and Blue Torch
- Value
- Amends exercise price from $20.50 to $9.16 per share of Class A Common Stock for warrants to purchas
- Effective
- 2024-04-05
Exact text from the filing
In connection with the Fifth Amendment, the Company also amended and restated the warrants to purchase 97,482 shares of the Company’s Class A common stock, par value $0.0001 per share (“Class A Common Stock”), originally issued to affiliates of the lenders and Blue Torch (the “Blue Torch Warrants”) (the “Warrant Second Amendment”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Beachbody Company, Inc. entered into Amendment No. 5 to Financing Agreement with Blue Torch Finance, LLC valued at Minimum revenue covenant: $100M per quarter ending after closing and on or before Dec 31, 2024; $110 (effective 2024-04-05).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Blue Torch Finance, LLC
- Value
- Minimum revenue covenant: $100M per quarter ending after closing and on or before Dec 31, 2024; $110
- Effective
- 2024-04-05
Exact text from the filing
Item 1.01 Entry into a Material Definitive Agreement. Financing Agreement Amendment On April 5, 2024 (the “Closing Date”), Beachbody, LLC (the “Borrower”), a subsidiary of The Beachbody Company, Inc. (the “Company”), the lenders party thereto and Blue Torch Finance, LLC (“Blue Torch”), as collateral agent and as administrative agent, entered into that certain Amendment No. 5 to Financing Agreement (the “Fifth Amendment”), which amended the Company’s existing Financing Agreement, dated as of August 8, 2022 (as previously amended, the “Financing Agreement”), by and among the Company, the Borrower, the lenders party thereto from time to time and Blue Torch, as collateral agent and as administrative agent, which provided for a senior secured term loan facility in an original aggregate principal amount of $50.0 million (the “Credit Facility”).
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