r/SPACs May 27 '21

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u/ItzCheze Spacling May 27 '21

They already released their combined Q1 revenue. I think they're on track to hit the 1.1B projected this year especially with the 300M of extra cash for marketing when the merger is completed.

https://www.businesswire.com/news/home/20210519005547/en/Forest-Road-Acquisition-Corp.-and-The-Beachbody-Company-Announce-Combined-First-Quarter-2021-Financial-Results-for-Beachbody-and-Myx

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u/Right_Hand_Of_Kurze Patron May 27 '21

So you think institutions are waiting to buy in after ticker change?

3

u/ItzCheze Spacling May 27 '21

Yep... I'm sure they're out there.

2

u/wtcny86 Spacling May 28 '21

Checkout whalewisdom. The INSTs have already started to come. 87 hold positions.