Forest Road Acquisition Corp. II (FRXB)
Forest Road Acquisition Corp. II operates in the Shell Companies industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $10.43, down 0.05% on the session, giving a market capitalisation of $137.9M. On trailing twelve-month figures it carries a trailing P/E of 40.12, a net margin of 0.0%. Its beta of 0.02 implies it has historically moved less than the broad market.
Forest Road Acquisition Corp II currently does not engage in significant business operations. Its core purpose is to pursue a strategic business combination, which could take the form of a merger, capital stock exchange, asset acquisition, stock purchase, or corporate reorganization, with one or more companies. The firm is specifically looking to identify suitable targets within the technology, media, and telecommunications industries. Incorporated in 2020, the entity was formerly known as Forest Road Acquisition Corp. III until it changed its name to Forest Road Acquisition Corp II in January 2021. It is headquartered in New York, New York.
Forest Road Acquisition Corp. II is most often compared with the following Financial Services names: