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Falcon's Beyond holder distributes 6.95M shares

The reported ownership percentage excludes additional shares tied to earned or unearned units and a conditional preferred-stock conversion.

(Moderate)

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Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Falcon's Beyond Global, Inc. (FBYD) Class A common stock was subject to an in-kind distribution of 6,951,396 shares by Infinite Acquisitions Partners LLC, pro rata to its members for no consideration on October 14, 2026.

Infinite Acquisitions Partners LLC and Erudite Cria, Inc. are each listed with shared voting and dispositive power over the same 6,162,854 shares, approximately 12.55% of outstanding Class A common stock. The amount includes 5,762,854 shares, 150,000 shares received December 12, 2025 after earnout targets were met and subject to an additional one-year lockup, and 250,000 earnout shares held in escrow. The reported amount corrects earlier figures to include 1,001 shares omitted because of a share-conversion calculation error and a rounding difference.

Excluded are 4,875,000 shares issuable upon redemption of earned units and locked up until December 12, 2026, 8,125,000 shares issuable upon redemption of unearned units, and 3,121,957 shares issuable upon automatic conversion of Series B preferred stock only following September 8, 2028, if the Class A stock’s volume weighted average sale price equals or exceeds $10.00 per share for at least 21 out of 30 consecutive trading days.

Filing Explained

The amendment separately states that, as of August 13, 2026, Infinite Acquisitions would have had about 17.36% of total voting power when the Series B preferred stock’s immediate as-converted voting rights are counted; this is a voting-power measure, distinct from its reported 12.55% ownership of Class A shares.

Shares distributed 6,951,396 shares Class A common stock distributed pro rata on October 14, 2026
Beneficially owned shares 6,162,854 shares Same shares listed for Infinite Acquisitions Partners LLC and Erudite Cria, Inc.
Class A ownership Approximately 12.55% Percentage of outstanding Class A common stock
Voting power Approximately 17.36% As of August 13, 2026, giving effect to immediate, as-converted voting rights of Series B preferred stock
Shares issuable upon preferred-stock conversion 3,121,957 shares Excluded from beneficial ownership; subject to automatic conversion conditions
in-kind distribution financial
"made an in-kind distribution of 6,951,396 shares"
A distribution of value to shareholders or beneficiaries made by transferring assets instead of paying cash, such as shares, bonds, or property. Like receiving a box of goods rather than money, it changes what you hold rather than adding liquid funds; investors care because it affects a portfolio’s composition, liquidity, tax reporting, and cost basis for the received assets.
beneficial ownership financial
"The beneficial ownership reported above represents approximately 12.55%"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Earnout Units financial
"issued as Earnout Units"
volume weighted average sale price financial
"if the volume weighted average sale price of the Class A Common Stock"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many FBYD shares did Infinite Acquisitions Partners LLC distribute?

Infinite Acquisitions Partners LLC distributed 6,951,396 shares of FBYD Class A common stock pro rata to its members for no consideration on October 14, 2026.

How many FBYD shares are Infinite Acquisitions Partners LLC and Erudite Cria, Inc. reported as beneficially owning?

Both entities are listed with shared voting and dispositive power over the same 6,162,854 shares, approximately 12.55% of outstanding Class A common stock.

What voting power did Infinite Acquisitions Partners LLC report for FBYD as of August 13, 2026?

For informational purposes, giving effect to the immediate, as-converted voting rights of the Series B preferred stock, Infinite Acquisitions Partners LLC would have voting power with respect to approximately 17.36% of the votes entitled to be cast by FBYD’s outstanding voting securities.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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306121104

(CUSIP Number)
Lucas Demerau
c/o Infinite Acquisitions Partners LLC, 3420 Pump Road #356
Henrico, VA, 23233
407-801-0553

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
10/14/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
The 6,162,854 shares beneficially owned includes (i) 5,762,854 shares of Class A Common Stock of the Issuer (ii) 150,000 Class A Common Stock which were received on December 12, 2025 upon the satisfaction of certain earnout targets and are subject to an additional 1-year lockup from the date such securities were earned, and (iii) 250,000 shares of Class A Common Stock that are subject to earnout (the "Class A Earnout Shares") that are being held in an escrow account for the benefit of Infinite Acquisitions. Does not include (i) 4,875,000 Class A Common Stock issuable upon the redemption of an equal number of Common Units that were issued as Earnout Units (as defined in Item 3 of this Schedule 13D) which have been earned but are subject to lockup until December 12, 2026 and (ii) an additional 8,125,000 shares of Class A Common Stock issuable upon the redemption of an equal number of Common Units that were issued as Earnout Units (as defined in Item 3 of this Schedule 13D) which have not yet been earned (iii) 3,121,957 shares of Class A Common Stock issuable upon the automatic conversion of an equal number of shares of the Issuer's 11% Series B Cumulative Convertible Preferred Stock held by Infinite Acquisitions. The Series B Preferred Stock is not convertible at the option of the holder and will convert automatically only following the third anniversary of the original issuance date (September 8, 2028) if the volume weighted average sale price of the Class A Common Stock equals or exceeds $10.00 per share for at least 21 out of 30 consecutive trading days, as set forth in the Certificate of Designation filed as Exhibit 3.1 to the Issuer's Current Report on Form 8-K filed September 12, 2025. The beneficial ownership percentage was calculated on the basis of Rule 13d-3 of the Exchange Act. See Item 5.


SCHEDULE 13D




Comment for Type of Reporting Person:
The 6,162,854 shares beneficially owned includes (i) 5,762,854 shares of Class A Common Stock of the Issuer (ii) 150,000 Class A Common Stock which were received on December 12, 2025 upon the satisfaction of certain earnout targets and are subject to an additional 1-year lockup from the date such securities were earned, and (iii) 250,000 shares of Class A Common Stock that are subject to earnout (the "Class A Earnout Shares") that are being held in an escrow account for the benefit of Infinite Acquisitions. Does not include (i) 4,875,000 Class A Common Stock issuable upon the redemption of an equal number of Common Units that were issued as Earnout Units (as defined in Item 3 of this Schedule 13D) which have been earned but are subject to lockup until December 12, 2026 and (ii) an additional 8,125,000 shares of Class A Common Stock issuable upon the redemption of an equal number of Common Units that were issued as Earnout Units (as defined in Item 3 of this Schedule 13D) which have not yet been earned (iii) 3,121,957 shares of Class A Common Stock issuable upon the automatic conversion of an equal number of shares of the Issuer's 11% Series B Cumulative Convertible Preferred Stock held by Infinite Acquisitions. The Series B Preferred Stock is not convertible at the option of the holder and will convert automatically only following the third anniversary of the original issuance date (September 8, 2028) if the volume weighted average sale price of the Class A Common Stock equals or exceeds $10.00 per share for at least 21 out of 30 consecutive trading days, as set forth in the Certificate of Designation filed as Exhibit 3.1 to the Issuer's Current Report on Form 8-K filed September 12, 2025. The beneficial ownership percentage was calculated on the basis of Rule 13d-3 of the Exchange Act. See Item 5.


SCHEDULE 13D


Infinite Acquisitions Partners LLC
Signature:/s/ Lucas Demerau
Name/Title:Lucas Demerau, President
Date:10/19/2026
Erudite Cria, Inc.
Signature:/s/ Lucas Demerau
Name/Title:Lucas Demerau, President
Date:10/19/2026

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