Former Walt Disney Co executives Kevin Mayer and Thomas Staggs plan to raise $300 million in an initial public offering for a new special purpose acquisition company (SPAC), a person familiar with the matter said on Thursday.
Forest Road Acquisition Corp. Announces Closing of Upsized $300,000,000 Initial Public Offering
Forest Road Acquisition Corp. (the “Company”) announced today the closing of its upsized initial public offering of 30,000,000 units at a price to the public of $10.00 per unit, which includes an exercise of the underwriters’ option to purchase 3,900,000 additional units.