S-1 Filing

Beachbody Company, Inc. CIK: 1826889

Filing Information

Form Type	S-1
Accession Number	`0001193125-21-223115`
Period End Date	20210331
Filing Date	20210723
Fiscal Year	N/A
Fiscal Period	N/A
XBRL Instance	frx-20210331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 16 Cash Flow Statement 39 Stockholders Equity 17

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$730.43K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Prepaid expenses	`OtherAssetsCurrent`	$254.93K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Prepaid expenses	`OtherAssetsCurrent`	$294.38K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.48M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$985.37K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Marketable Securities held in Trust Account	`MarketableSecuritiesNoncurrent`	$300.00M	USD	Point-in-time
Marketable Securities held in Trust Account	`MarketableSecuritiesNoncurrent`	$300.00M	USD	Point-in-time
Total Assets	`Assets`	$301.48M	USD	Point-in-time
Total Assets	`Assets`	$300.99M	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$409.90K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableCurrent`	$2.68M	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Due to related party	`DueToRelatedPartiesCurrent`	$20.60K	USD	Point-in-time
Franchise tax payable	`FranchiseTaxPayables`	$54.15K	USD	Point-in-time
Franchise tax payable	`FranchiseTaxPayables`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$464.05K	USD	Point-in-time
Warrant Liabilities	`DerivativeLiabilitiesNoncurrent`	$31.74M	USD	Point-in-time
Warrant Liabilities	`DerivativeLiabilitiesNoncurrent`	$45.61M	USD	Point-in-time
Warrant liabilities	`OtherLiabilitiesNoncurrent`	$28.13M	USD	Point-in-time
Warrant liabilities	`OtherLiabilitiesNoncurrent`	$31.74M	USD	Point-in-time
Deferred underwriters discount payable	`DeferredCompensationLiabilityClassifiedNoncurrent`	$10.50M	USD	Point-in-time
Deferred underwriters discount payable	`DeferredCompensationLiabilityClassifiedNoncurrent`	$10.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$42.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$58.80M	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Class A common stock subject to possible redemption, 25,377,874 shares at redemption value	`RedeemableNoncontrollingInterestEquityCommonCarryingAmount`	$257.89M	USD	Point-in-time
Class A common stock subject to possible redemption, 25,377,874 shares at redemption value	`RedeemableNoncontrollingInterestEquityCommonCarryingAmount`	$253.78M	USD	Point-in-time
Class A common stock subject to possible redemption, 25,377,874 shares at redemption value	`RedeemableNoncontrollingInterestEquityCommonCarryingAmount`	$237.19M	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$12.92M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$29.51M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$8.81M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.92M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.81M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-24.51M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	-	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$301.48M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$300.99M	USD	Point-in-time

Income Statement 16 line items

Line Item	Tag	Value	Unit	Period
Formation and operating costs	`OperatingCostsAndExpenses`	$531.40K	USD	1 Quarter
Formation and operating costs	`OperatingCostsAndExpenses`	$2.72M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.72M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-531.40K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$4.43K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$10.00	USD	1 Quarter
Offering cost associated with warrants recorded as liabilities	`OfferingCostAssociatedWithWarrantsRecordedAsLiabilities`	$980.89K	USD	1 Quarter
Loss on sale of private placement warrants	`LossOnSaleOfPrivatePlacementWarrants`	$2.80M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-7.39M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-13.87M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-7.92M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-16.59M	USD	1 Quarter
Interest income	`InvestmentIncomeNet`	$20.00	USD	1 Quarter
Interest income on marketable securities held in Trust account	`InterestIncomeOther`	$4.43K	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$3.61M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$13.87M	USD	1 Quarter

Cash Flow Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-16.51M	USD	1 Quarter
Net loss	`ProfitLoss`	$-7.92M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$3.61M	USD	1 Quarter
Change in fair value of warrant liabilities	`FairValueAdjustmentOfWarrants`	$13.87M	USD	1 Quarter
Loss on sale of private placement warrants	`LossOnSaleOfPrivatePlacementWarrants`	$2.80M	USD	1 Quarter
Prepaid assets	`IncreaseDecreaseInPrepaidExpense`	$294.38K	USD	1 Quarter
Prepaid assets	`IncreaseDecreaseInPrepaidExpense`	$-39.45K	USD	1 Quarter
Franchise tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	$-54.15K	USD	1 Quarter
Franchise tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	$54.15K	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayable`	$2.27M	USD	1 Quarter
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayable`	$409.90K	USD	1 Quarter
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$20.60K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-453.39K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.34M	USD	1 Quarter
Change in fair value of warrant liabilities	`IncreaseDecreaseInDerivativeLiabilities`	$13.87M	USD	1 Quarter
Interest income on trust account	`InvestmentIncomeInterest`	$4.43K	USD	1 Quarter
Interest income on trust account	`InvestmentIncomeInterest`	$10.00	USD	1 Quarter
Investment of cash into trust account	`PaymentsToAcquireInvestments`	$300.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-300.00M	USD	1 Quarter
Proceeds from Initial Public Offering, net of underwriters discount	`ProceedsFromIssuanceInitialPublicOffering`	$294.98M	USD	1 Quarter
Proceeds from private placement warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$8.00M	USD	1 Quarter
Proceeds from Promissory note	`ProceedsFromNotesPayable`	$141.88K	USD	1 Quarter
Repayment of Promissory note	`RepaymentsOfNotesPayable`	$141.88K	USD	1 Quarter
Proceeds from issuance of founder shares	`ProceedsFromIssuanceOfFounderShares`	$25.00K	USD	1 Quarter
Payments of offering costs	`PaymentsOfStockIssuanceCosts`	$479.44K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$302.53M	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.18M	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-453.39K	USD	1 Quarter
Cash - Beginning	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash - Beginning	`CashAndCashEquivalentsAtCarryingValue`	$730.43K	USD	Point-in-time
Cash - Ending	`CashAndCashEquivalentsAtCarryingValue`	$730.43K	USD	Point-in-time
Cash - Ending	`CashAndCashEquivalentsAtCarryingValue`	$1.18M	USD	Point-in-time
Cash - Ending	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Change in value of Class A common stock subject to possible redemption	`InitialValueOfClassACommonStockSubjectToPossibleRedemption`	$257.89M	USD	1 Quarter
Change in value of Class A common stock subject to possible redemption	`InitialValueOfClassACommonStockSubjectToPossibleRedemption`	$-16.59M	USD	1 Quarter
Change in value of Class A common stock subject to possible redemption	`ChangeInValueOfClassACommonStockSubjectToPossibleRedemption`	$-4.11M	USD	1 Quarter
Initial classification of warrant liabilities	`InitialClassificationOfWarrantLiability`	$28.13M	USD	1 Quarter
Deferred underwriters discount payable charged to additional paid-in capital	`DeferredUnderwritersDiscountPayableChargedToAdditionalPaidinCapital`	$10.50M	USD	1 Quarter

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Class B common stock issued to Sponsor	`StockIssuedDuringPeriodValueIssuedForServices`	$25.00K	USD	1 Quarter
Sale of Units in Initial Public Offering net of underwriter discount and offering cost less fair value of public warrants	`SaleOfUnitsInInitialPublicOfferingNetOfUnderwriterDiscountAndOfferingCost`	$266.67M	USD	1 Quarter
Forfeiture of 3,750 shares by initial stockholders	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	1 Quarter
Class A common stock subject to possible redemption	`StockRedeemedOrCalledDuringPeriodValue`	$253.78M	USD	1 Quarter
Class A common stock subject to possible redemption	`StockRedeemedOrCalledDuringPeriodValue`	$16.59M	USD	1 Quarter
Net loss	`ProfitLoss`	$-16.51M	USD	1 Quarter
Net loss	`ProfitLoss`	$-7.92M	USD	1 Quarter
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-7.92M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-16.59M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.