Business Context and Reporting Period
This Form 8-K Current Report was filed by The Beachbody Company, Inc. (NYSE: BODI) on April 10, 2025. The filing addresses a regulatory notice received from the New York Stock Exchange (NYSE) regarding the Company's compliance with continued listing standards.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The report focuses exclusively on listing compliance thresholds rather than operational financial performance.
- Market Capitalization Requirement: Average of not less than $50.0 million over a consecutive 30 trading-day period.
- Stockholders' Equity Requirement: Not less than $50.0 million.
- Current Status: The Company is not currently in compliance with these specific thresholds.
Material Changes and Listing Status
On April 10, 2025, the Company received a notice from the NYSE stating it failed to meet Section 802.01B of the NYSE Listed Company Manual. Specifically, the Company did not maintain the required average market capitalization or stockholders' equity over the preceding 30 trading days.
- Immediate Effect: The notice has no immediate effect on the listing of the Company's securities.
- Required Action: The Company must submit a business plan within 45 days demonstrating how it expects to return to compliance within 18 months.
Guidance, Outlook, and Management Commentary
Management intends to submit a plan to regain compliance as required by NYSE rules. On April 11, 2025, the Company issued a press release (Exhibit 99.1) providing further details on the notice. The filing does not contain forward-looking financial guidance, risk factors beyond the delisting risk, or discussion of unusual items.
Investor Verification Checklist
- Verify the Company's current market capitalization and stockholders' equity against the $50.0 million NYSE thresholds.
- Monitor the submission of the required business plan within the 45-day window following April 10, 2025.
- Review the attached press release (Exhibit 99.1) for specific details on the Company's strategy to regain compliance.
- Track the Company's stock price performance over the next 18 months to assess progress toward the compliance deadline.