Forest Road Acquisition Corp. II announced the pricing of its upsized $305 million IPO and its units are expected to begin trading on the NYSE under the symbol “FRXB.U”, Wednesday, March 10.
The new company aims to combine with a target in the technology, media, telecommunications, or consumer sectors. Forest Road II is led by Co-CEOs and Co-Chairpersons Thomas Staggs and Kevin Mayer alongside CFO Idan Shani, COO Zachary Tarica, and CIO Jeremy Tarica.
Total SPAC deal count for 2021 year-to-date is now 237. This offering is expected to close on Friday, March 12.
Morgan Stanley and Cantor Fitzgerald & Co. are serving as joint book-running managers with Guggenheim Securities serving as co-manager. Ellenoff Grossman & Schole LLP is serving as Issuer’s Counsel with Shearman & Sterling LLP and Graubard Miller serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
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