Announces Receipt of NYSE Notification by The Beachbody Company, Inc
The Beachbody Company, Inc. Announces (NYSE: BODI) (the “Company”), a leading health and fitness platform known for its streaming workouts, nutrition programs, and supplements, announced today that it has received a formal notice from the New York Stock Exchange (NYSE) stating that the Company is not currently in compliance with a key continued listing requirement.
The notification from the NYSE, referred to as the “NYSE Notice,” indicates that Beachbody is not meeting the criteria outlined in Section 802.01B of the NYSE Listed Company Manual (the “NYSE Manual”). Specifically, the Company failed to maintain both (i) an average global market capitalization of at least $50.0 million over a consecutive 30 trading-day period and (ii) stockholders’ equity of at least $50.0 million. These two financial metrics are among the NYSE’s fundamental standards used to evaluate a company’s eligibility to remain listed on the exchange.
As a result of this development, Announces The Beachbody Company now falls under the regulatory oversight and procedures set forth in Sections 801 and 802 of the NYSE Manual. These procedures are designed to give companies an opportunity to regain compliance while maintaining transparency with shareholders and the broader investing public.
In accordance with NYSE rules, Beachbody is required to submit a detailed business plan to the exchange within 45 days from the date of receipt of the NYSE Notice. Announces This plan must demonstrate the Company’s strategy and expectations for regaining compliance with the NYSE’s listing standards. Specifically, the business plan must provide a credible path for achieving both the market capitalization and stockholders’ equity thresholds within an 18-month period following the notice.
Despite the receipt of the non-compliance notice, the Company emphasized that there will be no immediate impact on the trading of its securities. Beachbody’s common stock will continue to be listed and traded on the NYSE during the plan submission and review process, provided that the Company continues to meet all other applicable continued listing standards.
The Company also confirmed its commitment to taking all necessary steps to regain compliance. In a statement, Beachbody noted its intent to submit a compliance plan within the prescribed timeframe and to work constructively with the NYSE throughout the review process. Announces The Company is exploring various strategic and financial alternatives as part of its efforts to strengthen its capital position and improve market valuation.
“While we are disappointed to have received this notice, we remain confident in our business strategy and are committed to taking the steps necessary to return to compliance with the NYSE’s continued listing standards,” the Company stated. “We believe in the long-term potential of our business and the value we provide to customers, shareholders, and stakeholders. Our leadership team is actively evaluating opportunities to enhance shareholder value and reinforce our financial foundation.”
The Beachbody Company Announces operates a digital-first health and wellness platform and has built a strong presence in the at-home fitness market through its streaming service, Beachbody On Demand, and its wide range of nutritional products and supplements. The Company became publicly listed through a SPAC merger in 2021 and has since faced headwinds including increased competition, changing consumer behavior post-pandemic, and broader market challenges.
Non-compliance notices such as the one received are not uncommon for companies experiencing market volatility or undergoing strategic transitions. Announces They serve as a formal indication that a company must take corrective action to ensure it continues to meet the NYSE’s standards. Failure to regain compliance within the NYSE’s specified timeframe could ultimately lead to delisting, although the process includes multiple stages and opportunities for appeal.
Investors and stakeholders will be closely monitoring Beachbody’s upcoming business plan and any announcements related to potential initiatives aimed at improving the Company’s market capitalization and equity position. The Company has not yet disclosed the specific actions it may take but is expected to share further updates as part of its regulatory filings or investor communications.
For now, Beachbody remains a publicly traded company on the NYSE and is focused on implementing measures that support long-term growth, operational improvement, and shareholder value.
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