Beachbody announces $5.3M registered direct offering of common stock and warrants

Beachbody Company, Inc.

Gross proceeds of ~$5.3M from sale of 543,590 shares (or pre-funded warrants) at $9.75 per share.
Issues warrants to purchase 543,590 shares at $11.24; exercisable after 6 months, 5.5-year term.
Placement agent Roth Capital; fee 6.0% of gross proceeds; net proceeds for general corporate purposes.
Closing expected Dec 13, 2023; 90-day lock-up on insiders; 90-day ban on further stock issuance.

Key facts

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 Placement Agency Agreement with Roth Capital Partners, LLC (the "Placement Agent") valued at 6.0% of the aggregate gross proceeds raised in the Offerings (effective 2023-12-10).

Action: entry
Agreement: underwriting
Counterparty: Roth Capital Partners, LLC (the "Placement Agent")
Value: 6.0% of the aggregate gross proceeds raised in the Offerings
Effective: 2023-12-10

Exact text from the filing

Pursuant to a placement agency agreement (the "Placement Agency Agreement"), dated December 10, 2023, by and between the Company and the Placement Agent.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Beachbody Company, Inc. entered into Securities Purchase Agreement with certain institutional investors ("Purchasers") valued at approximately $5.3 million (effective 2023-12-10).

Action: entry
Agreement: equity purchase
Counterparty: certain institutional investors ("Purchasers")
Value: approximately $5.3 million
Effective: 2023-12-10

Exact text from the filing

On December 10, 2023, The Beachbody Company, Inc. (the "Company," "we" or "us") entered into a securities purchase agreement ("Securities Purchase Agreement") with certain institutional investors ("Purchasers").

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23 material agreements filed in the last 30 days. Browse all material agreements →

Beachbody Company, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-294366

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