IPO SPAC APO DPO RM AND DA board

[JohnCM]

The Forest Road Company's SPAC Forest Road Acquisition files for a $250 million IPO

Shaquille O'Neal, former Disney executives, and Martin Luther King Jr.'s son target $250 million SPAC launch

October 8, 2020
FRX.U

Forest Road Acquisition, a blank check company formed by Forest Road targeting TMT businesses, filed on Thursday with the SEC to raise up to $250 million in an initial public offering.

The New York, NY-based company plans to raise $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-third of a warrant, exercisable $11.50. At the proposed price, Forest Road Acquisition would command a market value of $313 million.

The company is led by CEO and Director Keith Horn, founder and managing member of investment advisory firm Loring Capital Advisors, and Chairman and CIO Zachary Tarica, founder and CEO of specialty financing firm Forest Road. Forest Road Acquisition plans to target the TMT industry, with specific focus on the new audience aggregation platforms transforming the TMT landscape, premium intellectual property driving significant value expansion, and other broad themes.

Forest Road Acquisition was founded in 2020 and plans to list on the NYSE under the symbol FRX.U. Cantor Fitzgerald is the sole bookrunner on the deal.

Forest Road Acquisition Filed Terms, NYSE: FRX.U
Blank check company formed by Forest Road targeting TMT businesses.

Industry: SPAC
FRX.U

We are a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination. We currently intend to concentrate our efforts on identifying businesses in the technology, media, and telecommunications (“TMT”) space that align with the following macro themes: new audience aggregation platforms transforming the TMT landscape; premium intellectual property (“IP”) driving significant value expansion; consumer behavior fundamentally changing; cutting-edge technologies facilitating new offerings; evolving ecosystem reshaping traditional business models; and companies in need of capital due to idiosyncratic market conditions. We will seek to capitalize on the significant experience, relationships, and contacts of our officers and directors, The Forest Road Company, the managing member of our Sponsor (“Forest Road”), and strategic advisors to complete our initial business combination. We believe that our team’s distinguished and long-term track record of sourcing, acquiring, and building next-generation media and entertainment platforms, along with other investments and operational experience in consumer-facing industries, will provide us with differentiated consumer insights and sourcing opportunities.

IPO News for Forest Road Acquisition
The Forest Road Company's SPAC Forest Road Acquisition files for a $250 million IPO 10/08/20

IPO Data
IPO File Date 10/08/2020
Price Range $10.00 - $10.00
Offer Shares (mm) 25.0
Deal Size ($mm) $250
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Cantor Fitzgerald
Guggenheim Securities
Company Data
Headquarters New York, NY
Founded 2020
Employees 4
Websitewww.forestroadco.com
IPO Market Benchmark (IPOUSA)