Form 424B3 Beachbody Company, Inc.
Filed Pursuant to Rule 424(b)(3)
Registration No. 333-276681
PROSPECTUS SUPPLEMENT NO. 23
(to prospectus dated May 22, 2024)
THE BEACHBODY COMPANY, INC.
543,590 SHARES OF Class A Common Stock
Issuable upon Exercise of Outstanding Warrants
This prospectus supplement is being filed to update and supplement the information contained in the prospectus dated June 13, 2024 (the “Prospectus”), related to the resale from time to time, by the selling shareholders identified in the Prospectus under the caption “Selling Shareholders,” of up to 543,590 shares of our Class A common stock, $0.0001 par value per share (the “Class A Common Stock”), of The Beachbody Company, Inc., a Delaware corporation (“we,” “us,” “our” and similar terms), they may acquire upon the exercise of outstanding warrants, which we refer to as the “Common Warrants,” with the information contained in our Current Report on Form 8-K, filed with the Securities and Exchange Commission (“SEC”) on August 6, 2026 (the “Information”). Accordingly, we have attached the Information to this prospectus supplement.
This prospectus supplement updates and supplements the information in the Prospectus and is not complete without, and may not be delivered or utilized except in combination with, the Prospectus, including any amendments or supplements thereto. This prospectus supplement should be read in conjunction with the Prospectus and if there is any inconsistency between the information in the Prospectus and this prospectus supplement, you should rely on the information in this prospectus supplement.
Our shares of Class A Common Stock are listed on The Nasdaq Stock Market LLC under the symbol “BODI.” On August 5, 2026, the closing sale price per share of our Class A Common Stock was $10.94.
Investing in our securities involves risks that are described in the “Risk Factors” section beginning on page 11 of the Prospectus. Neither the SEC nor any state securities commission has approved or disapproved of the securities to be issued under the Prospectus or determined if the Prospectus or this prospectus supplement is truthful or complete. Any representation to the contrary is a criminal offense.
The date of this prospectus supplement is August 6, 2026.
Exhibit 10.1
EXECUTION VERSION
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 03, 2026 |
The Beachbody Company, Inc.
(Exact name of Registrant as Specified in Its Charter)
Delaware |
001-39735 |
85-3222090 |
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(State or Other Jurisdiction |
(Commission File Number) |
(IRS Employer |
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400 Continental Blvd Floor 6 |
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El Segundo, California |
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90245 |
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(Address of Principal Executive Offices) |
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(Zip Code) |
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Registrant’s Telephone Number, Including Area Code: (310) 883-9000 |
N/A |
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
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Trading |
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Class A Common Stock, par value $0.0001 per share |
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BODI |
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The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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Item 1.01 Entry into a Material Definitive Agreement.
Credit Agreement Amendment
On August 3, 2026, The Beachbody Company, Inc. (the “Company”) entered into an Amendment No. 2 to Credit Agreement (the “Amended Credit Agreement”) among the Company, as the Administrative Borrower (as defined therein), the other Borrowers (as defined therein) party thereto, the lenders party thereto, and Tiger Finance, LLC, as administrative agent and collateral agent. The Amended Credit Agreement amends the Company’s prior Credit Agreement dated as of May 13, 2025 (as amended by that certain Amendment No. 1 to Credit Agreement, dated as of January 7, 2026, the “Prior Credit Agreement”).
Pursuant to the terms of the Amended Credit Agreement, the financial covenants in the Prior Credit Agreement have been amended such that (i) the minimum cash threshold for the Covenant Testing Period (as defined in the Amended Credit Agreement) has decreased from the Total Outstandings (as defined in the Prior Credit Agreement) plus $4,600,000 (approximately $29,600,000 at June 30, 2026) to $22,500,000, (ii) the billings fixed charge coverage ratio covenant has been eliminated, (iii) the minimum liquidity level has been increased from $15,000,000 to $18,000,000, which will decrease at a monthly amount of approximately $162,000, beginning March 1, 2027, to $16,000,000, (iv) the minimum digital subscriptions covenant level has been reduced from 700,000 to 650,000 through and including December 31, 2026 and 550,000 thereafter, and such minimum digital subscriptions covenant shall only be tested if the Cash Threshold (as defined in the Amended Credit Agreement) is less than $22,500,000 and (v) the Three Month Total Billings Target (as defined in the Amended Credit Agreement) has been increased from 90% to 92.5% of Forecasted Total Billings (as defined in the Amended Credit Agreement) and the Three Month Total Billings Target (as defined in the Amended Credit Agreement) shall only be tested if the Cash Threshold (as defined in the Amended Credit Agreement) is less than $22,500,000. In addition, the step-down to the interest rate of SOFR Rate plus 7.75% has been removed so that the interest rate is SOFR Rate plus 9.00%, which shall apply until the maturity of the credit facility. The foregoing summary of the Amended Credit Agreement is qualified in its entirety by reference to the full text of the Amended Credit Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 7.01 Regulation FD Disclosure.
On August 6, 2026, the Company issued a press release announcing the entry into the Amended Credit Agreement as described above in Item 1.01 of this Current Report on Form 8-K. The full text of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
In accordance with General Instruction B.2 of Form 8-K, the information contained or incorporated in this Item 7.01, including the press release furnished herewith as Exhibit 99.1, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit No. |
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Description |
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10.1 |
Amendment No. 2 to Credit Agreement, dated as of August 3, 2026 by and among The Beachbody Company, Inc., Beachbody, LLC, the borrower parties thereto, the guarantor parties thereto, the lenders party thereto and Tiger Finance, LLC, as administrative and collateral agent. |
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99.1 |
Press Release, dated August 6, 2026 |
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104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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The Beachbody Company, Inc. |
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Date: |
August 6, 2026 |
By: |
/s/ Jonathan Gelfand |
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Jonathan Gelfand |
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Exhibit 10.1
EXECUTION VERSION
AMENDMENT NO. 2 TO CREDIT AGREEMENT
THIS AMENDMENT NO. 2 TO CREDIT AGREEMENT (this “Amendment”) is made and entered into as of this 3rd day of August, 2026 by and among (i) THE BEACHBODY COMPANY, INC., a Delaware corporation (“Parent”), (ii) BEACHBODY, LLC, a Delaware limited liability company and a wholly-owned Subsidiary of Parent (the “Administrative Borrower”, and together with Parent, each direct and indirect Subsidiary of the Administrative Borrower listed as a Borrower on the signature pages hereto, and any additional Person joined as a borrower, each individually, a “Borrower”, and jointly and severally, collectively, “Borrowers”), (iii) each Guarantor, (iv) each lender party hereto (collectively, the “Lenders” and individually, a “Lender”), and (v) TIGER FINANCE, LLC, as administrative agent and collateral agent under the Loan Documents (together with any successors and assigns in such capacities, “Agent”).
W I T N E S E T H:
WHEREAS, Borrowers, Agent, and Lenders are parties to that certain Credit Agreement, dated as of May 13, 2025 (as amended, modified, supplemented or restated and in effect from time to time prior to the date hereof, collectively the “Existing Credit Agreement”; the Existing Credit Agreement as amended by this Amendment, the “Amended Credit Agreement”);
WHEREAS, Borrowers have requested that Agent and Lenders make certain amendments to the Existing Credit Agreement, subject to the terms and conditions contained herein.
NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the parties hereto hereby agree as follows:
““Applicable Margin” means 9.00%.”
““Business Plan” means, with respect to any fiscal year of the Loan Parties, (i) a detailed forecast prepared by management of the Loan Parties for such fiscal year, which shall include (without limitation) a consolidated income statement, balance sheet, and statement of cash flows, by month, each (other than the statement of cash flows) prepared in conformity with GAAP and consistent with the Loan Parties’ then current practices, and (ii) updated Forecasted Total Billings and updated Forecasted Digital Subscriptions for purposes of the covenants set forth in Section 9.2 and Section 9.3. For the avoidance of doubt, the Business Plan (i) in effect (x) as of the Closing Date for the fiscal year of Borrowers ending December 31, 2025 and (y) for the fiscal year of Borrowers ending December 31, 2026, was the Business Plan applicable to such fiscal years of Borrowers delivered by the Administrative Borrower to Agent and accepted by Agent on or prior to the Closing Date, (ii) in effect as of the Amendment No. 2 Effective Date for the time period through and including December 31, 2027 is the Business Plan applicable to such time period of the Borrowers in the plan attached to that certain email dated July 23, 2026 from the Borrowers to Agent, and (iii) in effect for the fiscal year of Borrowers ending December 31, 2028, shall include updated Forecasted Total Billings and updated Forecasted Digital Subscriptions to be mutually agreed.”
““Cash Threshold” means (i) the cash balance in all bank and investment accounts identified on Schedule 7.10(a) hereof, plus (ii) cash in-transit from all Credit Card Processors identified on Schedule 7.10(b) hereof.”
““Covenant Testing Period” means the period (a) commencing on the date that the Cash Threshold is less than $22,500,000, and (b) ending on the first day thereafter on which the Cash Threshold is equal to or greater than $22,500,000 for sixty (60) consecutive days.”
““Fee Letter” means the letter agreement, dated as of the Amendment No. 2 Effective Date, among Borrowers and Agent.”
““Monthly Digital Subscriptions Target” means, with respect to Net Digital Subscriptions, an amount equal to: (a) from and after the Amendment No. 2 Effective Date through and including December 31, 2026, 650,000, and (b) at all times thereafter, 550,000.”
““Three Month Total Billings Target” means the requirement, as of the last day of each month (commencing with the month ending July 31, 2026), that each of the categories of Total Billings set forth in clauses (a) and (b) of the definition thereof of Borrowers for the applicable Measurement Period be not less than 92.5% of Forecasted Total Billings for each such category for such Measurement Period. As used in this definition, “Measurement Period” means (a) for the month ending July 31, 2026, the one (1) month period then ending, (b) for the month ending August 31, 2026, the two (2) month period then ending, and (c) for the month ending September 30, 2026 and each month thereafter, the three (3) month period then ending. For the avoidance of doubt, a Three Month Total Billings Target (i) shall be tested on a rolling basis in accordance with the applicable Measurement Period and (ii) shall be tested by reference to the Total Billings data delivered as part of the monthly reporting package for each month.”
““Total Billings” means, collectively, total billings in Dollars across each of (a) the nutrition channels (i.e., network nutrition, paid media nutrition, Amazon, affiliates nutrition and retail), (b) the digital channels (i.e., network digital, paid media digital, and
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affiliates digital), and (c) all other channels (if any) of the Loan Parties, as such categories are set forth in the Business Plan.”
““Amendment No. 2 Effective Date” means August 3, 2026.”
“(a) The principal amount of the Term Loans shall be paid to Agent in consecutive monthly installments, the first of which shall be due on September 1, 2026, and continuing on the first day of each month thereafter, in the amount of $225,000 per month. The remaining unpaid principal balance of the Term Loans, if not sooner paid, shall be due and payable in full on the Maturity Date.”
“Notwithstanding the foregoing, at any time the sum of (i) the cash balance in all bank and investment accounts identified on Schedule 7.10(a) hereof, plus (ii) cash in-transit from all Credit Card Processors identified on Schedule 7.10(b) hereof is less than $25,000,000, Borrowers shall immediately transfer all funds held in the securities accounts identified in Schedule 7.10(a)(B) to a deposit account that is subject to a Control Agreement.”
“9.1 Minimum Liquidity. Loan Parties shall maintain Liquidity of at least $18,000,000 at all times; provided, that, notwithstanding the foregoing, if, as a result of unanticipated circumstances beyond the Loan Parties’ control, Liquidity is less than $18,000,000, such circumstance shall not constitute a breach of this Section 9.1 so long as (i) Liquidity is at least $17,000,000 and (ii) Liquidity does not remain less than $18,000,000 for more than three (3) consecutive Business Days; provided further, that, during a Cure Period (as defined in Section 9.4), Loan Parties shall maintain Liquidity of at least 110% of the requirements set forth in this Section 9.1; provided further, that, the minimum Liquidity requirement set forth in this Section 9.1 (and the corresponding thresholds set forth
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herein) shall be reduced by 10.80% per annum, commencing on March 1, 2027, with such reduction applied in equal monthly installments on the first Business Day of each calendar month thereafter; provided, that, in no event shall the minimum Liquidity requirement be reduced below $16,000,000.”
“9.5 [Reserved.]”
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[REMAINDER OF PAGE LEFT INTENTIONALLY BLANK]
IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed by their duly authorized representatives, all as of the day and year first above written.
BORROWERS:
THE BEACHBODY COMPANY, INC.
By: /s/ Carl Daikeler
Name: Cart Daikeler
Title: Chief Executive Officer
BEACHBODY, LLC
By: /s/ Carl Daikeler
Name: Cart Daikeler
Title: Chief Executive Officer
Team Beachbody Canada, LLC
By: /s/ Carl Daikeler
Name: Cart Daikeler
Title: Chief Executive Officer
Beachbody INTERNATIONAL, LLC
By: /s/ Carl Daikeler
Name: Cart Daikeler
Title: Chief Executive Officer
OPENFIT, LLC
By: /s/ Carl Daikeler
Name: Cart Daikeler
Title: Chief Executive Officer
LADDER, LLC
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By: /s/ Carl Daikeler
Name: Cart Daikeler
Title: Chief Executive Officer
MYX FITNESS, LLC
By: /s/ Carl Daikeler
Name: Cart Daikeler
Title: Chief Executive Officer
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GUARANTORS:
TEAM BEACHBODY CANADA LIMITED PARTNERSHIP, a British Columbia limited partnership, by its general partner, TEAM BEACHBODY CANADA LTD.
By: /s/ Jonathan Gelfand
Name: Jonathan Gelfand
Title: General Counsel and Corporate Secretary
TEAM BEACHBODY CANADA LTD., a British Columbia company
By: /s/ Jonathan Gelfand
Name: Jonathan Gelfand
Title: General Counsel and Corporate Secretary
OPENFIT CANADA, INC., a British Columbia company
By: /s/ Jonathan Gelfand
Name: Jonathan Gelfand
Title: General Counsel and Corporate Secretary
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AGENT AND A LENDER: TIGER FINANCE, LLC |
LENDER: SG CREDIT PARTNERS, INC. |
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Exhibit 99.1
BODi Announces Second Amendment to Credit Facility
EL SEGUNDO, Calif., August 6, 2026 -- The Beachbody Company, Inc. (NASDAQ: BODI) ("BODi" or the "Company"), the proactive wellness company delivering nutrition, supplements, and proven fitness programs that help people take control of their health inside and out, today announced it has entered into a second amendment to its credit agreement with Tiger Finance, LLC, as administrative agent and collateral agent. This modification continues to enhance the Company's financial flexibility through amended covenant terms.
The amendment further streamlines the financial covenant structure, eliminates the billings fixed charge coverage ratio covenant, and adjusts certain other financial covenants, including the minimum digital subscriptions level and the Three Month Total Billings Target. The amended covenants for the Three Month Total Billings target and the minimum Digital Subscriptions level will not be tested if the Company’s cash balance is above $22.5 million. The second amendment reduced the cash balance required to not test these two covenants by approximately $7 million as of the date of the second amendment. The Company must maintain a minimum liquidity level of $18 million, which will decrease by approximately $0.2 million monthly beginning March 1, 2027 to $16 million.
Mark Goldston, Executive Chairman of The Beachbody Company, commented “We continue to value our relationship with Tiger Finance as a creative, resourceful and supportive partner to BODi. This amendment gives us additional flexibility to execute on our growth strategies as we build on the progress we've made in 2026.”
Carl Daikeler, Co-Founder and Chief Executive Officer added: “This amendment reflects the continued strengthening of our balance sheet and supports our ability to invest in growth, including our nutrition and retail initiatives, without compromising the financial discipline that has defined our turnaround.”
The Company's cash position of $36.6 million on March 31, 2026, exceeded its $23.6 million debt level by $13.0 million. This strong financial position demonstrates the success of its financial transformation and positions BODi for its planned growth initiatives in 2026.
About BODi and The Beachbody Company, Inc.
BODi is the proactive wellness company delivering nutrition, supplements and proven fitness programs that help people take control of their health inside and out. With nearly three decades of experience, BODi, formerly Beachbody, has evolved from a leader in home fitness into a comprehensive health and fitness ecosystem designed to help people achieve their goals and lead healthier, more fulfilling lives. Anchored by science-backed nutrition solutions like Shakeology and supported by its portfolio of proven fitness and habit-building programs, including P90X and INSANITY, BODi is creating a more accessible and effective path to long-term health.
Exhibit 99.1
Since its inception, BODi has supported more than 30 million customers in achieving lasting results. The company continues to innovate across nutrition and digital fitness to deliver simple, proven solutions for modern lifestyles.
To subscribe and shop, visit BODi.com. For company and investor information, please visit TheBeachbodyCompany.com.
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