The Beachbody Company Group LLC, a digital fitness streaming and nutrition solutions company, will become a public company by entering into a definitive three-way merger agreement with Forest Road Acquisition Corporation, a publicly traded special purpose acquisition company, and Myx Fitness Holdings LLC an at-home connected fitness platform featuring an industry leading bike and home studio.
Beachbody will continue to be led by Carl Daikeler, Beachbody’s co-founder, chairman and chief executive officer and Jon Congdon, co-founder of Beachbody and CEO of Openfit. Forest Road’s strategic advisor Kevin Mayer will join the combined company’s Board of Directors.
Mr. Daikeler stated, “We have seen incredible digital growth in recent years, which was further fueled in 2020 by a structural and lasting shift in how people embrace health and fitness. With the acquisition of Myx, cutting edge technology meets best-in-class streaming content — and we will continue to redefine the at-home fitness experience as we pair the integrated hardware, science-based heart rate coaching and personalized smart recommendations behind Myx with Beachbody and Openfit’s best-in-class content libraries, track record of content innovation and vast network.”