SPAC Forest Road Acquisition Corp. Announces its IPO with an Eye for Businesses in the Technology, Media, and Telecommunications Space

Blank check company Forest Road Acquisition Corp. filed paperwork with the SEC announcing its IPO. In the paperwork for the IPO, 25 million shares of class A common stock were registered at a price of $10 per unit. Included in the registered securities is 3.75 million units that consist of class A common stock along with one-third of a redeemable warrant, which can be granted to underwriters in the event that any over-allotments need covered.

If things go according to plan, Forest Road Acquisition Corp. will trade its securities on the NYSE under the ticker symbol FRX.U. Cantor is acting as the sole book-runner for this deal with Guggenheim Securities acting as co-manager. The underwriters' discount for this deal is $0.55 per unit.

This deal seeks to raise $250 million or $287.5 m...

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