Falcons Beyond G SEC Filings

Falcon’s Beyond Global (FBYD) filed its Q3 2025 10‑Q, reporting revenue of $4.054 million and a net loss of $10.412 million. Loss from operations was $11.372 million, driven by higher selling, general and administrative expense and a $6.840 million loss from equity method investments.

Cash and cash equivalents were $4.257 million as of September 30, 2025. The company disclosed a working capital deficiency of $27.0 million and stated that substantial doubt exists about its ability to continue as a going concern. On September 8, it issued 11% Series B Cumulative Convertible Preferred Stock with a $28.7 million liquidation preference, receiving $8.0 million in cash and exchanging $20.7 million of debt.

FBYD completed the OES acquisition, recording a $1.098 million bargain purchase gain; OES contributed $1.8 million in Q3 revenue and a net loss of $0.8 million. The PDP joint venture paid a $27.0 million dividend (following a Tenerife asset sale) and earlier in 2025 the company recorded a $5.3 million impairment on its PDP investment. As of November 14, 2025, shares outstanding were 37,247,805 Class A and 83,814,187 Class B.

Falcon's Beyond Global, Inc. (FBYD) reporting person Gino P. Lucadamo recorded changes in beneficial ownership on Form 4. The filing shows a disposal of 60,617 shares of Class A common stock on 09/08/2025. The reporting person acquired 307,627 shares of 11% Series B Cumulative Convertible Preferred Stock on the same date, issued at a $5 stated value, which are convertible into Class A common stock at an initial one-to-one rate under specified conversion conditions. Following these transactions, the reporting person beneficially owns 707,627 shares (inclusive of direct Class A shares and the shares underlying the Series B preferred). The filing notes certain shares were received pro rata from Infinite Acquisitions Partners LLC and that some Class A shares reflect a December 17, 2024 stock dividend adjustment.

Falcon's Beyond Global, Inc. (FBYD) reported that Infinite Acquisitions Partners LLC and Erudite Cria, Inc. received 4,092,326 shares of newly issued 11% Series B Cumulative Convertible Preferred Stock at $5.00 per share in exchange for the forgiveness of approximately $20.5 million of debt. The Series B Preferred carries an 11% dividend, is not purchaser-convertible, and does not expire. Beginning September 8, 2028, the Series B will automatically convert into Class A common stock at an initial 1:1 conversion rate if the volume-weighted average price of Class A common stock equals or exceeds $10.00 (adjusted for corporate actions) for 21 of 30 consecutive trading days. Infinite Acquisitions is controlled by manager Erudite Cria; reporting persons disclaim beneficial ownership except to the extent of pecuniary interest.