Forest Road Acquisition Corp. II, a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, raised $350 million in March 2021 and its securities are listed on the NYSE under the tickers “FRXB” and “FRXB WS.” The Forest Road team includes two former Disney senior executives — Tom Staggs, Co-CEO and Co-Chairperson of the Board of Directors, Kevin Mayer, Co-CEO and Co-Chairperson of the Board of Directors — and is strengthened by the strategic connectivity and deal-making expertise of directors, officers, and strategic advisors like Shaquille O’Neal, Salil Mehta, Rick Hess, Harlan Cherniak, Keith Horn, Sheila Stamps, Martin Luther King III, Zachary Tarica, Idan Shani, and Jeremy Tarica. For more information, please visit https://www.spacroadtwo.com/.
Company profile
Ticker
FRXB, FRXB-UN, FRXB-WT
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Forest Road Acquisition Corp. III
SEC CIK
Corporate docs
Subsidiaries
Ariel Merger Sub I, Inc. • Ariel Merger Sub II, Inc. ...
FRXB stock data
Latest filings (excl ownership)
15-12G
Securities registration termination
26 Dec 23
25-NSE
Exchange delisting
13 Dec 23
8-K
Other Events
28 Nov 23
10-Q
2023 Q3
Quarterly report
14 Nov 23
10-Q
2023 Q2
Quarterly report
11 Aug 23
10-Q
2023 Q1
Quarterly report
15 May 23
8-K
Departure of Directors or Certain Officers
7 Apr 23
10-K
2022 FY
Annual report
29 Mar 23
8-K
Entry into a Material Definitive Agreement
6 Mar 23
8-K
Entry into a Material Definitive Agreement
17 Feb 23
Latest ownership filings
SC 13G/A
Radcliffe Capital Management, L.P.
14 Feb 24
SC 13G/A
PROPPER KERRY
14 Feb 24
SC 13G/A
Beryl Capital Management LLC
8 Feb 24
SC 13G/A
Saba Capital Management, L.P.
8 Feb 24
SC 13G/A
Farallon Capital Partners, L.P.
25 Jan 24
SC 13G
PROPPER KERRY
12 Jun 23
3
Daniel Strauss
17 Apr 23
3
Pallavi Gondipalli
17 Apr 23
SC 13G
Farallon Capital Partners, L.P.
6 Apr 23
SC 13G
Radcliffe Capital Management, L.P.
8 Mar 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 31.02 k | 31.02 k | 31.02 k | 31.02 k | 31.02 k | 31.02 k |
Cash burn (monthly) | 24.91 k | 19.54 k | (no burn) | (no burn) | 58.24 k | 196.48 k |
Cash used (since last report) | 165.06 k | 129.50 k | n/a | n/a | 385.94 k | 1.30 mm |
Cash remaining | -134.05 k | -98.48 k | n/a | n/a | -354.92 k | -1.27 mm |
Runway (months of cash) | -5.4 | -5.0 | n/a | n/a | -6.1 | -6.5 |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 27 |
Opened positions | 18 |
Closed positions | 37 |
Increased positions | 6 |
Reduced positions | 1 |
13F shares | Current |
---|---|
Total value | 39.73 bn |
Total shares | 13.45 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Forest Road Acquisition Sponsor II | 8.75 mm | $85.14 mm |
Fir Tree Capital Management | 440.00 k | $4.55 bn |
Farallon Capital Management | 400.00 k | $4.15 bn |
Radcliffe Capital Management | 400.00 k | $4.14 bn |
Westchester Capital Management | 400.00 k | $4.14 bn |
Shaolin Capital Management | 400.00 k | $4.14 mm |
Periscope Capital | 381.65 k | $3.95 bn |
Farallon Capital Partners | 374.59 k | $3.74 mm |
WRB W.R. Berkley | 345.21 k | $3.57 bn |
Sandia Investment Management | 298.09 k | $3.09 bn |