Falcon's Beyond Global Updates Trading Symbols & Exchanges
Ticker: FBYDW · Form: 8-K · Filed: Jan 16, 2024 · CIK: 1937987
Complexity: simple
Sentiment: neutral
Topics: administrative, corporate-governance, securities-info
TL;DR
**Falcon's Beyond Global just updated its trading info, confirming where its stock and warrants are listed.**
AI Summary
Falcon's Beyond Global, Inc. filed an 8-K on January 16, 2024, reporting an 'Other Event' that occurred on January 9, 2024. This filing primarily updates the company's trading symbols and the exchanges where its securities are registered, specifically mentioning its Class Common Stock with a par value of $0.0001 per share and Warrants to purchase 1.034999 shares of Class Common Stock at an exercise price of $11.50 per share. For investors, this matters because it confirms the active trading status and details of their securities, ensuring transparency regarding where their shares and warrants can be bought and sold.
Why It Matters
This filing provides clarity on where Falcon's Beyond Global's securities are traded, which is essential for investors to understand the liquidity and accessibility of their holdings.
Risk Assessment
Risk Level: low — This filing is purely administrative, updating trading information, and does not introduce new financial risks or operational changes.
Analyst Insight
Investors should verify their broker's information regarding Falcon's Beyond Global's trading symbols and exchanges to ensure accurate tracking of their investments, especially concerning the warrants with an exercise price of $11.50.
Key Numbers
- $0.0001 — Par Value per Share (Par value of Falcon's Beyond Global's Class Common Stock.)
- $11.50 — Warrant Exercise Price (The price at which warrants can be exercised to purchase common stock.)
- 1.034999 — Shares per Warrant (Number of shares of Class Common Stock purchasable with one warrant.)
Key Players & Entities
- Falcon's Beyond Global, Inc. (company) — registrant
- $0.0001 (dollar_amount) — par value per share of Class Common Stock
- $11.50 (dollar_amount) — exercise price per share for warrants
- January 9, 2024 (date) — date of earliest event reported
- January 16, 2024 (date) — filing date of the 8-K
Forward-Looking Statements
- The company's trading activity will continue as usual on the specified exchanges. (Falcon's Beyond Global, Inc.) — high confidence, target: Ongoing
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 9, 2024.
What is the par value of Falcon's Beyond Global, Inc.'s Class Common Stock?
The par value of Falcon's Beyond Global, Inc.'s Class Common Stock is $0.0001 per share, as stated in the filing.
What is the exercise price for the Warrants mentioned in the filing?
The Warrants to purchase Class Common Stock have an exercise price of $11.50 per share, according to the filing.
How many shares of Class Common Stock can be purchased with one warrant?
Each warrant allows for the purchase of 1.034999 shares of Class Common Stock, as specified in the filing.
What is the business address of Falcon's Beyond Global, Inc.?
The business address of Falcon's Beyond Global, Inc. is 6996 Piazza Grande Avenue, Suite 301, Orlando, FL 32835, with a business phone number of (407) 909-9350.
Filing Stats: 551 words · 2 min read · ~2 pages · Grade level 11.4 · Accepted 2024-01-16 09:04:33
Key Financial Figures
- $0.0001 — tered Class A common stock, par value $0.0001 per share FBYD The Nasdaq Stock Mar
- $11.50 — A common stock, at an exercise price of $11.50 per share FBYDW The Nasdaq Stock Ma
- $6,180,000 — corporation, in the principal amount of $6,180,000, for purposes of its acquisition of pro
- $10,300,000 — , Florida for a total purchase price of $10,300,000. The mortgage loan, which is prepayable
Filing Documents
- ea191647-8k_falcons.htm (8-K) — 27KB
- 0001213900-24-003552.txt ( ) — 243KB
- fbyd-20240109.xsd (EX-101.SCH) — 4KB
- fbyd-20240109_def.xml (EX-101.DEF) — 26KB
- fbyd-20240109_lab.xml (EX-101.LAB) — 36KB
- fbyd-20240109_pre.xml (EX-101.PRE) — 25KB
- ea191647-8k_falcons_htm.xml (XML) — 5KB
01. Other Events
Item 8.01. Other Events. On January 9, 2024, Falcon's Creative Group, LLC, a Delaware limited liability company ("FCG"), accounted for as an equity method investment by Falcon's Beyond Global, Inc. (the "Registrant"), obtained a mortgage loan from Climate First Bank, a Florida banking corporation, in the principal amount of $6,180,000, for purposes of its acquisition of property in Orlando, Florida for a new headquarters for FCG to accommodate current employees and additional employees FCG intends to hire. The property, consisting of approximately 9.59 acres and a 57,000 square foot office building, was purchased from Valencia Community College in Orlando, Florida for a total purchase price of $10,300,000. The mortgage loan, which is prepayable without penalty, has an 8.75% interest rate for the first five years with an initial 18 month interest only period. The interest rate resets to the five year US Treasury plus 275 basis points after five years and shall remain fixed for the duration of the note. 1
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: January 16, 2024 FALCON'S BEYOND GLOBAL, INC. By: /s/ Bruce A. Brown Name: Bruce A. Brown Title: Executive Vice President of Legal, General Counsel and Corporate Secretary 2