secwatch.observer — SEC 8-K summary
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Issuer:     Beachbody Company, Inc. (BODI)
CIK:        0001826889
Form:       8-K
Filed at:   2023-12-13T23:59:59+00:00
Accession:  0001193125-23-294366
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826889/000119312523294366/0001193125-23-294366-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826889/000119312523294366/d637546d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-294366

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