Company Description
Falcon's Beyond Global, Inc. (FBYDW) is a publicly traded entertainment company whose warrants are listed on the Nasdaq Stock Market under the symbol FBYDW. The warrants are exchangeable for shares of Falcon’s Beyond Global, Inc. Class A common stock on October 6, 2028, as disclosed in the company’s SEC filings. Falcon’s Beyond operates in the broader professional services and entertainment space, with a focus on immersive storytelling, intellectual property (IP) development, and themed experiences.
According to company disclosures and public descriptions, Falcon’s Beyond positions itself at the intersection of content, technology, and experiences. It describes itself as a global entertainment powerhouse and a visionary innovator in immersive storytelling. The company emphasizes original ideas, creative vision, and themed experiences that connect audiences through multiple platforms and locations.
Business Model and Core Activities
Falcon’s Beyond states that it activates intellectual property across both physical and digital environments. Its activities span theme parks, resorts, animation, consumer products, gaming, movies and other entertainment formats. The company highlights its role in bringing stories to life through themed entertainment destinations and media-based extensions of its brands and partner brands.
The company organizes its activities into several core business units:
- Falcon’s Creative Group – Described as a themed entertainment and master planning firm that has planned large-scale, award-winning experiences. The group focuses on creative vision, design, immersive media, and technology to develop themed entertainment projects.
- Falcon’s Beyond Destinations – Develops, owns, and operates global entertainment destinations. These include resorts, theme parks, attractions, and location-based entertainment venues, as well as associated retail and dining concepts, where the company’s stories and IP are deployed.
- Falcon’s Beyond Brands – Focuses on expanding franchises across media and consumer touchpoints. The company notes activities in areas such as animation, movies, licensing and merchandising, gaming, music, and other IP-driven products and platforms.
In addition to these units, Falcon’s Beyond indicates that it invents immersive rides, attractions, and technologies for entertainment destinations around the world, supporting both its own destinations and third-party projects.
Corporate Structure and Public Listing
Falcon’s Beyond became a publicly traded company through a business combination with FAST Acquisition Corp. II, a hospitality and consumer entertainment focused blank check company. Following the closing of this business combination, the parent public company, Falcon’s Beyond Global, Inc., listed its securities on Nasdaq. The company’s Class A common stock trades under the symbol FBYD, its Series A preferred stock under FBYDP, and its warrants under FBYDW.
In connection with the completion of the business combination, the FAST Acquisition Corp. II units, Class A common stock and warrants ceased trading and were voluntarily delisted from the New York Stock Exchange. Falcon’s Beyond Global, Inc. became the continuing public entity, with its securities trading on Nasdaq.
Operations and Governance
Falcon’s Beyond Global, Inc. is subject to the reporting requirements of the Securities Exchange Act of 1934 and files periodic and current reports, proxy statements, and other documents with the SEC. These filings provide information on its governance, board composition, executive compensation, related party transactions, and other corporate matters.
The company holds annual meetings of stockholders, as described in its definitive proxy statements on Schedule 14A. These proxy materials outline matters such as the election of directors and the ratification of the appointment of its independent registered public accounting firm. The proxy statements also describe the board’s structure, committees, and policies related to risk oversight, codes of conduct, and stockholder communications.
Regulatory and Listing Matters
Falcon’s Beyond has disclosed interactions with Nasdaq regarding listing compliance. For example, it received a notice from Nasdaq indicating non-compliance with Nasdaq Listing Rule 5250(c)(1) due to a delayed filing of its Annual Report on Form 10-K for a specified fiscal year. The company reported that this notice had no immediate effect on the listing of its securities and that it was working to regain compliance by completing its filing obligations.
Through its SEC filings, the company also discloses events such as the appointment and resignation of directors, changes in board committee membership, and the results of stockholder votes at annual meetings. These disclosures provide insight into the company’s evolving governance and oversight framework.
Focus on Intellectual Property and Experiences
Falcon’s Beyond emphasizes the concurrent activation of intellectual property across multiple channels. Its stated aim is to connect audiences by turning imagined worlds into reality through themed environments and media. The company highlights its use of immersive media and technologies in the design and operation of entertainment experiences, and it references collaborations and joint ventures with partners in hospitality and cultural commerce.
Falcon’s Beyond also notes that it develops and utilizes both its own proprietary brands and third-party licensed IP. Trademarks such as FALCON’S BEYOND, KATMANDU and BEYONDLAND are identified as owned by the company, underscoring its focus on branded entertainment franchises.
FBYDW Warrants and Investor Considerations
The FBYDW symbol specifically refers to warrants of Falcon’s Beyond Global, Inc. registered on Nasdaq. According to SEC filings, these warrants are exchangeable for a fraction of a share of Class A common stock on a specified future date. Details about the terms of the warrants, including exercisability and exchange ratios, are set out in the company’s registration statements and current reports on Form 8-K.
Investors analyzing FBYDW typically review the company’s broader business model, its entertainment and destination development activities, and its governance and financial disclosures. SEC filings, including Forms 10-K, 10-Q, 8-K and proxy statements, provide the primary source of information on Falcon’s Beyond’s operations, risk factors, and capital structure.
Company Status
Available SEC filings and Nasdaq disclosures indicate that Falcon’s Beyond Global, Inc. remains listed on Nasdaq under the symbols FBYD for its Class A common stock and FBYDW for its warrants. Notices related to filing delays have been reported, but such notices, as described by the company, do not by themselves constitute a delisting and have no immediate effect on the listing of its securities.
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Short Interest History
Short interest in Falcons Beyond G (FBYDW) currently stands at 3.6 thousand shares, down 48.5% from the previous reporting period, representing 0.0% of the float. Over the past 12 months, short interest has decreased by 56.2%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Falcons Beyond G (FBYDW) currently stands at 1.0 days. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed. The ratio has shown significant volatility over the period, ranging from 1.0 to 68.6 days.