The "Blank Check" bonanza continues. On Thursday, a new Special Purpose Acquisition Company called Forest Road Acquisition Corp.
filed an S-1 filing with the Securities and Exchange Commission seeking to raise $250 million from investors to acquire or merge with a company in the technology, media or telecommunications sectors.
The most notable news for Hollywood, however, is who is behind the SPAC: Former Walt Disney Co. COO Tom Staggs, Disney's former direct-to-consumer chief Kevin Mayer, and former Disney executive vp Salil Mehta.
They are joined by NBA legend Shaquille O'Neal, film and TV producer Mark Burg (Saw, Two and a Half Men), former Focus Features CEO Peter Schlessel, Martin Luther King III and executives Teresa Miles Walsh and.
Read more on hollywoodreporter.com