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home / news releases / FRX - Former Walt Disney executives led Forest Road Acquisition prices upsized $305M IPO; trading begins today

FRX - Former Walt Disney executives led Forest Road Acquisition prices upsized $305M IPO; trading begins today

Forest Road Acquisition Corp. Class A
SPAC Forest Road Acquisition (FRX) priced its upsized 30.5M units IPO at $10/unit; units expected to be listed on NYSE under the symbol, 'FRXB.U' commencing Mar.10.Each unit consists of one share of Class A common stock and one-fifth of one redeemable warrant; warrant holder to purchase one share at $11.5.Underwriters granted 45-day option to purchase additional units in an amount up to 15% of the units sold.The company plans to concentrate its search for a target business operating in the technology, media, telecommunications, and consumer space.Former Walt Disney executives Thomas Staggs and Kevin Mayer will be serving as co-CEO and co-chairperson of the board.

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Former Walt Disney executives led Forest Road Acquisition prices upsized $305M IPO; trading begins today
Stock Information
Company Name: Forest Road Acquisition Corp. Class A
Stock Symbol: FRX
Market: NYSE
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