Infinite Acquisitions sells Falcon's Beyond preferred
Infinite Acquisitions Partners LLC, a 10% owner of Falcon's Beyond Global, Inc., reported an open-market sale of 1,392,290 shares of the company’s 11% Series B Cumulative Convertible Preferred Stock at $5.00 per share on May 4, 2026.
Rhea-AI Filing Summary
Infinite Acquisitions Partners LLC, a 10% owner of Falcon's Beyond Global, Inc., reported an open-market sale of 1,392,290 shares of the company’s 11% Series B Cumulative Convertible Preferred Stock at $5.00 per share on May 4, 2026. This reduced its Series B Preferred holdings from 4,349,806 shares to 2,957,516 shares. The Series B Preferred automatically converts into Class A common stock at a one-to-one rate starting September 8, 2028 if the Class A volume weighted average sale price equals or exceeds $10.00 for at least 21 out of 30 consecutive trading days. The preferred is not convertible at the holder’s option and does not expire.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | 11% Series B Cumulative Convertible Preferred Stock | 1,392,290 | $5.00 | $6.96M |
Footnotes (3)
- F1. Pursuant to the terms of the 11% Series B Cumulative Convertible Preferred Stock, par value $0.0001 per share (the "Series B Preferred Stock"), of Falcon's Beyond Global, Inc. (the "Issuer"), starting on September 8, 2028, if at any time the volume weighted average sale price of the Issuer's Class A common stock, par value $0.0001 per share ("Class A Common Stock"), equals or exceeds $10.00 per share (as adjusted to reflect any stock splits, reverse stock splits, stock dividends, extraordinary cash dividends, reorganization or similar transaction) for at least 21 out of 30 consecutive trading days, the Series B Preferred Stock will automatically convert into shares of the Issuer's Class A Common Stock at the then effective conversion rate. The initial conversion rate is one-to-one. The Series B Preferred Stock is not convertible by the holder and does not expire.
- F2. On May 4, 2026, Infinite Acquisitions Partners LLC ("Infinite Acquisitions") sold 1,392,290 shares of Series B Preferred Stock, at a per share price of $5.00. On December 31, 2025, Infinite Acquisitions acquired 142,615 shares of Series B Preferred Stock pursuant to a payment-in-kind dividend. On March 31, 2026, Infinite Acquisitions acquired 114,865 shares of Series B Preferred Stock pursuant to a payment-in-kind dividend. Prior to the disposition of Series B Preferred Stock on May 4, 2026, the total Series B Preferred Stock held by Infinite Acquisitions was 4,349,806.
- F3. Represents securities held by Infinite Acquisitions. Infinite Acquisitions is controlled by its manager, Erudite Cria, Inc. ("Infinite Manager"). Investment and voting decisions at Infinite Manager with respect to the securities held by Infinite Acquisitions are made by the board of directors of Infinite Manager. Each director has one vote on all matters presented to the board of Infinite Manager, except that the chairman of the board of directors, Lucas Demerau, has two votes on all matters presented to the board of Infinite Manager. Therefore, no individual director of Infinite Manager is the beneficial owner, for purposes of Rule 13d-3 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), of the securities held by Infinite Acquisitions. Each of Infinite Manager and the directors of Infinite Manager disclaim beneficial ownership over such securities except to the extent of their individual pecuniary interest therein.
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Key Terms
11% Series B Cumulative Convertible Preferred Stock financial
volume weighted average sale price financial
payment-in-kind dividend financial
automatic convert financial
Rule 13d-3 regulatory
beneficial ownership financial
FAQ
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What insider transaction did Infinite Acquisitions report for FBYD?
How does Falcon's Beyond Series B Preferred convert into Class A common stock?
Can holders voluntarily convert Falcon's Beyond Series B Preferred stock?
Who controls the securities sold by Infinite Acquisitions in this FBYD Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.