Falcon's Beyond 13D/A Shows Insider Delivery of 9.8M Shares, Still Majority Control

Rhea-AI Filing Summary

Infinite Acquisitions Partners LLC and its affiliate Erudite Cria, Inc. filed Amendment No. 4 to their Schedule 13D on Falcon's Beyond Global, Inc. Class A common stock. The two entities jointly report beneficial ownership of 26,067,927 shares, equal to 53.88 % of the outstanding Class A shares under Rule 13d-3.

The reported stake is composed of:

• 14,517,559 currently outstanding Class A shares
• 400,000 Class A Earnout Shares
• 11,150,368 Class A shares issuable upon redemption of an equal number of Falcon’s LLC Common Units (with corresponding Class B shares cancelled)

Recent share activity disclosed:

• 3 Jul 2025: disposition of 100,000 Class A shares to Infinite shareholders
• 3 Jul 2025: initiation of delivery of 1,700,000 Class A shares to satisfy pre-Business Combination redemption agreements
• 8 Jul 2025: delivery of 7,969,309 Class A shares under Strategic Partners Redemption Obligations

After these transfers, the reporting persons continue to hold a majority position. They disclaim beneficial ownership of any earn-out shares or shares issuable upon unit redemption that have not yet been earned or exercised.

No financial performance data or valuation metrics are included in this filing; the document strictly updates ownership information and related footnotes.

Positive

• Majority ownership clarified: Filing confirms insiders still control 53.88 % of Class A stock, providing transparency on governance structure.

Negative

• Large insider share dispositions: Transfer of 9.769 M Class A shares in early July 2025 signals dilution of insider stake and potential secondary supply.
• Significant contingent shares outstanding: 13 M additional earn-out units could further dilute common stock if performance hurdles are met.

Insights

Financial Analyst

TL;DR: Majority holder trims stake by ~9.8 M shares, still controls 53.9 % of Falcon's Beyond Global.

The amendment confirms that Infinite Acquisitions and Erudite Cria remain dominant shareholders after transferring 9.769 M shares on 3 & 8 July 2025. Their post-transaction stake comprises 26.07 M shares, including 11.15 M issuable upon unit redemption and 0.4 M earn-out shares. Because they still exceed 50 %, governance influence remains intact. The lack of price, valuation or lock-up detail limits immediate cash-flow conclusions. Overall impact on free-float liquidity is moderate; approximately 9.8 M additional shares have moved to other holders, potentially raising float once any resale restrictions lapse.

Corporate Governance Expert

TL;DR: Control concentration persists; recent share deliveries slightly dilute insider dominance.

Despite recent dispositions, Infinite Acquisitions retains a controlling 53.88 % voting interest, preserving board and strategic control. The amendment clarifies that Class B shares carry voting rights but no economics and will be cancelled upon unit redemption, aligning economic and voting interests over time. Shareholders should note the large block of 13 M additional earn-out units not yet earned; if conditions are met, the insiders’ economic stake could expand further without separate 13D revision. Deliveries tied to pre-merger redemption obligations reduce potential overhang from contingent liabilities but also suggest continuing contractual payouts. From a governance standpoint, minority investors still face a single-holder control environment.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 4)

Falcon's Beyond Global, Inc.

(Name of Issuer)

Class A common stock, par value $0.0001 per share

(Title of Class of Securities)

306121104

(CUSIP Number)

Lucas Demerau
c/o Infinite Acquisitions Partners LLC, 2430 Pump Road #356
Henrico, VA, 23233
407-801-0553

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

07/08/2025

(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).

SCHEDULE 13D

CUSIP No. 306121104

1

Name of reporting person

Infinite Acquisitions Partners LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 26,067,927.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 26,067,927.00

11

Aggregate amount beneficially owned by each reporting person

26,067,927.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

53.88 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The 26,067,927 shares beneficially owned represents (i) 14,517,559 shares of Class A Common Stock of the Issuer, (ii) 400,000 Earnout Shares (as defined in Item 3 of this Schedule 13D) (in the form of Class A Common Stock) and (iii) 11,150,368 shares of Class A Common Stock issuable upon the redemption of an equal number of Common Units of Falcon's Beyond Global, LLC ("Falcon's LLC"). Does not include an additional 13,000,000 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. The beneficial ownership percentage was calculated on the basis of Rule 13d-3 of the Exchange Act. See Item 5.

SCHEDULE 13D

CUSIP No. 306121104

1

Name of reporting person

Erudite Cria, Inc.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 26,067,927.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 26,067,927.00

11

Aggregate amount beneficially owned by each reporting person

26,067,927.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

53.88 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

The 26,067,927 shares beneficially owned represents (i) 14,517,559 shares of Class A Common Stock of the Issuer, (ii) 400,000 Earnout Shares (as defined in Item 3 of this Schedule 13D) (in the form of Class A Common Stock) and (iii) 11,150,368 shares of Class A Common Stock issuable upon the redemption of an equal number of Common Units of Falcon's Beyond Global, LLC ("Falcon's LLC"). Does not include an additional 13,000,000 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. The beneficial ownership percentage was calculated on the basis of Rule 13d-3 of the Exchange Act. See Item 5.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A common stock, par value $0.0001 per share
(b)	Name of Issuer: Falcon's Beyond Global, Inc.
(c)	Address of Issuer's Principal Executive Offices: 1768 PARK CENTER DRIVE, ORLANDO, FLORIDA , 32835.
Item 1 Comment: This Amendment No. 4 ("Amendment No. 4") to Schedule 13D relates to the shares of Class A common stock, par value $0.0001 per share ("Class A Common Stock"), of Falcon's Beyond Global, Inc., a Delaware corporation (the "Issuer") and amends and supplements the initial statement on Schedule 13D filed on February 13, 2024, as amended by Amendment No. 1 to the Schedule 13D filed on June 18, 2024, as amended by Amendment No. 2 to the Schedule 13D filed on November 22, 2024, as amended by Amendment No. 3 to Schedule 13D filed on January 8, 2025 (as amended, the "Schedule 13D"). Except as specifically provided herein, this Amendment No. 4 does not modify any of the information previously reported in the Schedule 13D. Capitalized terms used but not defined in this Amendment No. 4 shall have the same meanings ascribed to them in the Schedule 13D.
Item 3.	Source and Amount of Funds or Other Consideration
	Item 3 of the Schedule 13D is hereby amended and supplemented as follows: The information provided and incorporated by reference in Item 5 is hereby incorporated by reference in this Item 3.
Item 5.	Interest in Securities of the Issuer
(a)	Items 5 (a)-(c) of the Schedule 13D are hereby amended and restated as follows: The aggregate number and percentage of the Class A Common Stock beneficially owned by each Reporting Person and, for each Reporting Person, the number of shares as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition are set forth on rows 7 through 11 and row 13 of the cover pages of this Schedule 13D and are incorporated herein by reference. As reported on the cover pages hereto, the Reporting Persons may each be deemed to beneficially own 26,067,927 shares of Class A Common Stock consisting of: (i) 14,517,559 shares of Class A Common Stock; (ii) 400,000 Earnout Shares (in the form of Class A Common Stock); and (iii) 11,150,368 shares of Class A Common Stock issuable upon the redemption of an equal number of Common Units and the simultaneous cancellation of an equal number of shares of Class B Common Stock. Infinite Acquisitions has the right to cause Falcon's LLC to redeem such Common Units in whole or in part, for an equal number of shares of the Class A Common Stock or cash (at the Issuer's option) and the corresponding shares of Class B Common Stock will be canceled, as described in the Issuer's Prospectus filed with the SEC on December 12, 2023 pursuant to Rule 424(b)(3) (File No. 333-275243) (the "2023 Prospectus"), and subject to limitations set forth in the A&R Operating Agreement (as defined in Item 6 of the Schedule 13D). Shares of Class B Common Stock have no economic rights and each share of Class B Common Stock entitles its holder to 1 vote per share. The beneficial ownership reported above represents approximately 53.88% of the outstanding shares of Class A Common Stock, as calculated pursuant to Rule 13d-3 of the Securities Exchange Act of 1934, as amended. The filing of this statement on Schedule 13D shall not be construed as an admission that the Reporting Persons are, for the purposes of Section 13(d) or 13(g) of the Exchange Act or any other purpose, the beneficial owner of any shares of Class A Common Stock subject to earnout conditions or which may be received upon redemption of Common Units. Pursuant to Rule 13d-4, the Reporting Persons disclaim all such beneficial ownership.
(b)	See Item 5(a) above.
(c)	On July 3, 2025, Infinite Acquisitions disposed of 100,000 shares of Class A Common Stock, transferred to shareholders of Infinite Acquisitions. On July 3, 2025 Infinite Acquisitions initiated the delivery of 1,700,000 shares of Class A Common Stock to satisfy an obligation of Infinite Acquisitions to deliver shares of Class A Common Stock pursuant to obligations underlying certain redemption agreements entered into with former equityholders of Infinite Acquisitions prior to the Business Combination described in the Registration Statement on Form S-4 (File No. 333-269778) (the "Registration Statement"). On July 8, 2025, Infinite Acquisitions delivered 7,969,309 shares of Class A Common Stock pursuant to the Strategic Partners Redemption Obligations.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Infinite Acquisitions Partners LLC

Signature:	/s/ Lucas Demerau
Name/Title:	Lucas Demerau, President
Date:	07/11/2025

Erudite Cria, Inc.

Signature:	/s/ Lucas Demerau
Name/Title:	Lucas Demerau, President
Date:	07/11/2025

FAQ

How many Falcon's Beyond (FBYDW) Class A shares do Infinite Acquisitions and Erudite Cria own after Amendment No. 4?

They report beneficial ownership of 26,067,927 shares, equal to 53.88 % of the Class A common stock.

What transactions triggered the July 2025 Schedule 13D/A filing?

Dispositions on 3 Jul 2025 (100 k shares + initiation of 1.7 M share delivery) and 8 Jul 2025 (7.969 M share delivery) required the amendment.

What is included in the 26.07 million shares reported?

It comprises 14.52 M outstanding shares, 0.4 M earn-out shares, and 11.15 M shares issuable upon redemption of Falcon’s LLC units.

Do the reporting persons hold voting control over Falcon's Beyond Global?

Yes. At 53.88 % of Class A shares (plus Class B voting rights), they maintain effective majority voting power.

Are there additional shares that could increase insider ownership?

Yes, 13 M earn-out units could convert into Class A shares if performance conditions are achieved, adding future dilution.