secwatch.observer — SEC 8-K summary
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Issuer:     Beachbody Company, Inc. (BODI)
CIK:        0001826889
Form:       8-K
Filed at:   2021-07-01T23:59:59+00:00
Accession:  0001193125-21-206543
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 2.01, 9.01, 3.02, 4.01, 3.03, 5.01, 5.02, 5.03, 5.06, 7.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Beachbody closes SPAC merger with Forest Road; begins trading as BODY on NYSE
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- Business combination closed June 25, 2021; New Beachbody Class A and Class X common stock outstanding: 163,175,632 and 141,250,310 shares, respectively.
- PIPE placement of 22.5M shares at $10 each raised $225M before $4.375M placement agent fees.
- New board elected: Carl Daikeler (CEO), Mary Conlin, Michael Heller, Kevin Mayer, John Salter, Ben Van de Bunt.
- CFO Susan Collyns entered new employment agreement: $600K base, 75% target bonus, severance of 1x base and prorated bonus.
- Former Forest Road directors and officers resigned; Carl Daikeler and his trust hold 94.6% of Class X stock, giving 84.8% combined voting power.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826889/000119312521206543/0001193125-21-206543-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826889/000119312521206543/d149423d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-206543

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer