Falcon's Beyond Global, Inc. filings document an immersive entertainment and technology company with Nasdaq-listed Class A common stock and public warrants. Its Form 8-K reports cover operating results, Falcon's Creative Group and Producciones de Parques disclosures, governance appointments, annual meeting scheduling, earnout escrow matters and capital-structure events following its completed business combination.
Proxy materials describe board elections, auditor ratification, stockholder voting mechanics and voting rights for Class A common stock, Class B common stock and Series B cumulative convertible preferred stock. The filings also identify the company's emerging growth company status, registered securities and governance procedures for stockholder proposals.
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.