The Beachbody Company (NYSE: BODY) (“BODi”), a leading subscription health and wellness company, recently announced its entry into a definitive securities purchase agreement with certain institutional investors for the purchase and sale of 543,590 shares of the company’s common stock (or common stock equivalents) at a purchase price of $9.75 per share of common stock (or common stock equivalent) in a registered direct offering. Additionally, in a concurrent private placement, the company announced that it would issue to the investors warrants to purchase up to 543,590 shares of common stock. With an exercise price of $11.24 per share, the warrants are exercisable six months following the date of issuance and will have a term of five and one-half years following the date of issuance. Roth Capital Partners is acting as the exclusive placement agent for the offering.
To view the full press release, visit https://ibn.fm/O2G6h
About BODi and The Beachbody Company Inc.
Originally known as Beachbody, BODi has been innovating structured step-by-step home fitness and nutrition programs for 25 years such as P90X, Insanity and 21-Day Fix, plus the first premium superfood nutrition supplement, Shakeology. Headquartered in El Segundo, California, BODi helps people feel great while they pursue extraordinary life-changing results. The BODi community represents millions of people helping each other stay accountable to goals of healthy weight loss, improved strength and energy, and resilient mental and physical well-being.
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