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Get to know Forest Road Acquisition Corp.

Forest Road Acquisition Corp. was a blank-check company, or SPAC, sponsored by Forest Road Company, a specialized asset management firm. The SPAC was led by a team of experienced media executives, including former Disney executives Kevin Mayer and Thomas Staggs, with notable strategic advisor Shaquille O’Neal. It raised $300 million in its November 2020 IPO with the goal of acquiring a company in the technology, media, and telecommunications (TMT) sector. In June 2021, Forest Road Acquisition Corp. successfully completed its business combination with The Beachbody Company Group and Myx Fitness Holdings, a digital fitness and nutrition company. The combined entity was renamed The Beachbody Company Group, LLC and began trading on the NYSE under the ticker symbol "BODY".

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Forest Road Acquisition Corp.

United States

Founded in

2020 (6 Years)

Founded

Last online: No recent activity

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

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A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.