# EDGAR Filing Document

**Accession Number:** 0001840161
**File Stem:** 0001213900-23-008029
**Filing Date:** 2023-2
**Character Count:** 10194
**Document Hash:** b5ef58fbdd6eedf4464a70a775944ac8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-008029.hdr.sgml**: 20230203

**ACCESSION NUMBER**: 0001213900-23-008029

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230203

**ITEM INFORMATION**: Termination of a Material Definitive Agreement

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230203

**DATE AS OF CHANGE**: 20230203

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Forest Road Acquisition Corp. II
- **CENTRAL INDEX KEY:** 0001840161
- **STANDARD INDUSTRIAL CLASSIFICATION:** BLANK CHECKS [6770]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40181
- **FILM NUMBER:** 23587169

**BUSINESS ADDRESS:**
- **STREET 1:** 1177 AVENUE OF THE AMERICAS, 5TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 9173103722

**MAIL ADDRESS:**
- **STREET 1:** 1177 AVENUE OF THE AMERICAS, 5TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Forest Road Acquisition Corp. III
- **DATE OF NAME CHANGE:** 20210112

?xml version="1.0" encoding="utf-8"?

**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): February 3, 2023**

**Forest Road Acquisition Corp. II**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **001-40181** | **86-1376005** |
| (State or other jurisdiction | **(Commission File Number)** | **(I.R.S. Employer** |
| of incorporation) |  | **Identification No.)** |

---

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| | |
|:---|:---|
| **1177 Avenue of the Americas, 5th Floor**<br> **New York** **, New York** | **10036** |
| (Address of Principal Executive Offices) | (Zip Code) |

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**Registrant's telephone number, including area code (917) 310-3722**

**Not Applicable**

(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:

☒ Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange**<br> **on which registered** |
| **Units, each consisting of one share of Class A Common Stock and one-fifth of one Redeemable Warrant** | **FRXB.U** | **The New York Stock Exchange** |
| **Class A Common Stock, par value $0.0001 per share** | **FRXB** | **The New York Stock Exchange** |
| **Redeemable Warrants, each exercisable for one share of Class A Common Stock for $11.50 per share** | **FRXB WS** | **The New York Stock Exchange** |

---

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. ☐

**Item 1.02. Termination of a Material Definitive Agreement.**

 ****

As previously disclosed, on November 21, 2022, Forest Road Acquisition Corp. II, a Delaware corporation (the "***Company***"), entered into an Agreement and Plan of Merger (the "***Merger Agreement***") with Ariel Merger Sub I, Inc., a Delaware corporation and direct, wholly-owned subsidiary of the Company ("***Merger Sub I***"), Ariel Merger Sub II, LLC, a Delaware limited liability company and direct, wholly-owned subsidiary of the Company ("***Merger Sub II***"), and Hyperloop Transportation Technologies, Inc. ("***HyperloopTT***"), a Delaware corporation*.*

On February 3, 2023, by mutual agreement, the parties entered into a termination agreement (the "**Termination Agreement**") to terminate the Merger Agreement pursuant to Section 10.01(a) thereof. Except as otherwise set forth in the Merger Agreement, none of parties shall have any further liability thereunder. Upon termination of the Merger Agreement, the Sponsor Agreement (as defined in the Merger Agreement) and the Company Support Agreement (as defined in the Merger Agreement) terminated pursuant to their terms.

 ****

The foregoing summary of the Termination Agreement is qualified in its entirety by the text of the Termination Agreement, a copy of which is attached as Exhibit 10.1 hereto and is incorporated herein by reference.

 **Item 9.01 Financial Statements and Exhibits.**

*(d)* *Exhibits* 

The following exhibit is filed herewith:

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| | |
|:---|:---|
| **Exhibit No.** | **Description of Exhibits** |
| 10.1 | [Termination Agreement, dated February 3, 2023, by and among Forest Road Acquisition Corp. II, Ariel Merger Sub I, Inc., Ariel Merger Sub II, LLC and Hyperloop Transportation Technologies, Inc.](ea172715ex10-1_forest2.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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**SIGNATURE**

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.

Dated: February 3, 2023

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| | | |
|:---|:---|:---|
| **FOREST ROAD ACQUISITION CORP. II** | **FOREST ROAD ACQUISITION CORP. II** | **FOREST ROAD ACQUISITION CORP. II** |
| By: | /s/ Zachary Tarica | /s/ Zachary Tarica |
|  | Name: | Zachary Tarica |
|  | Title: | Chief Operating Officer |

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## Exhibit 10.1

**Exhibit 10.1**

**<u>TERMINATION AGREEMENT</u>**

THIS TERMINATION AGREEMENT (this "<u>Agreement</u>") is made as of February 3, 2023, by and among Forest Road Acquisition Corp. II, a Delaware corporation ("<u>Acquiror</u>"), Ariel Merger Sub I, Inc., a Delaware corporation and direct, wholly-owned subsidiary of Acquiror ("<u>Merger Sub I</u>"), Ariel Merger Sub II, LLC, a Delaware limited liability company and direct, wholly-owned subsidiary of Acquiror ("<u>Merger Sub II</u>"), and Hyperloop Transportation Technologies, Inc., a Delaware corporation (the "<u>Company</u>"). Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Merger Agreement (as defined below).

WHEREAS, Acquiror, Merger Sub I, Merger Sub II, and the Company are party to the Agreement and Plan of Merger, dated as of November 21, 2022 (the "<u>Merger Agreement</u>");

WHEREAS, pursuant to Section 10.01(a) of the Merger Agreement, Acquiror, Merger Sub I, Merger Sub II and the Company may terminate the Merger Agreement and abandon the Transactions at any time prior to the Closing by mutual written consent; and

WHEREAS, due to unfavorable market conditions, the parties hereto desire to terminate the Merger Agreement pursuant to Section 10.01(a) thereof.

NOW, THEREFORE, the parties hereto, in consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, intending to be legally bound, hereby agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. <u>Termination</u>. Pursuant to Section 10.01(a) of the Merger Agreement, the parties hereto irrevocably agree to terminate the Merger Agreement effective as of the execution and delivery of this Agreement by the parties hereto, with such termination, for the avoidance of doubt, having the effect set forth in Section 10.02 of the Merger Agreement, including that the Surviving Provisions shall survive termination of in accordance with the terms thereof. The Sponsor Agreement and Company Support Agreement will automatically terminate pursuant to their respective terms upon the effective termination of the Merger Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Agreement</u>. This Agreement embodies the complete agreement and understanding among the parties hereto and supersedes and preempts any prior understandings, agreements or representations by or among the parties hereto, written or oral, which may have related to the subject matter hereof in any way.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Miscellaneous</u>. Sections 11.02, 11.03, 11.06, 11.07, 11.10, 11.11, 11.12 and 11.16 of the Merger Agreement are hereby incorporated by reference into this Agreement, *mutatis mutandis*.

**\* \* \* \* \***

IN WITNESS WHEREOF, the parties hereto have executed this Termination Agreement as of the date first written above.

**FOREST ROAD ACQUISITION CORP. II**

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| | | |
|:---|:---|:---|
| By: | /s/ Zachary Tarica | /s/ Zachary Tarica |
|  | Name: | Zachary Tarica |
|  | Title: | Chief Operating Officer |

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**ARIEL MERGER SUB I, INC.**

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| | | |
|:---|:---|:---|
| By: | /s/ Zachary Tarica | /s/ Zachary Tarica |
|  | Name: | Zachary Tarica |
|  | Title: | Chief Executive Officer |

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**ARIEL MERGER SUB II, LLC**

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| | | |
|:---|:---|:---|
| By: | /s/ Zachary Tarica | /s/ Zachary Tarica |
|  | Name: | Zachary Tarica |
|  | Title: | Chief Executive Officer |

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**HYPERLOOP TRANSPORTATION TECHNOLOGIES, INC.**

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| | | |
|:---|:---|:---|
| By: | /s/ Andres de Leon | /s/ Andres de Leon |
|  | Name: | Andres de Leon |
|  | Title: | Chief Executive Officer |

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 *Signature Page to Termination Agreement*