Markey Amends Falcon's Beyond Stake
Ticker: FBYDW · Form: SC 13D/A · Filed: Jun 18, 2024 · CIK: 1937987
Sentiment: neutral
Topics: schedule-13d, ownership-change, amendment
Related Tickers: FALO
TL;DR
Jill Markey just updated her stake in Falo's Beyond Global. Watch this space.
AI Summary
Jill K. Markey, through Katmandu Ventures, LLC, has amended their Schedule 13D filing for Falcon's Beyond Global, Inc. on June 18, 2024. The filing indicates a change in beneficial ownership, with Markey now holding a significant stake in the company's Class A common stock. The specific percentage and number of shares are detailed within the full filing.
Why It Matters
This amendment signals a potential shift in control or influence for Falcon's Beyond Global, Inc., as a key stakeholder has updated their ownership position.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often indicate significant changes in a major shareholder's intentions or holdings, which can lead to increased volatility.
Key Numbers
- June 18, 2024 — Filing Date (Date of the Schedule 13D/A amendment)
- June 14, 2024 — Event Date (Date of the event requiring the filing)
Key Players & Entities
- Jill K. Markey (person) — Filing party and beneficial owner
- Katmandu Ventures, LLC (company) — Filing entity for Jill K. Markey
- Falcon's Beyond Global, Inc. (company) — Subject company
- 0001193125-24-163434 (filing_id) — Accession number for the filing
FAQ
What specific percentage of Falcon's Beyond Global, Inc. Class A common stock does Jill K. Markey now beneficially own?
The exact percentage is not stated in the provided excerpt but is detailed in the full Schedule 13D/A filing.
What was the previous ownership percentage reported by Jill K. Markey or Katmandu Ventures, LLC?
The provided excerpt does not specify the previous ownership percentage.
What is the business address of Katmandu Ventures, LLC?
The business address is 3420 Pump Rd. #127, Henrico, VA 23233.
What is the business address of Falcon's Beyond Global, Inc.?
The business address is 1768 Park Center Drive, Orlando, FL 32835.
What is the CUSIP number for Falcon's Beyond Global, Inc. Class A common stock?
The CUSIP number is 306121104.
Filing Stats: 2,238 words · 9 min read · ~7 pages · Grade level 10.8 · Accepted 2024-06-18 16:30:57
Key Financial Figures
- $0.0001 — suer) Class A common stock, par value $0.0001 per share (Title of Class of Securiti
- $6,316,977 — he assignment to FAST Sponsor II LLC of $6,316,977 in indebtedness due to Katmandu by the
Filing Documents
- d796935dsc13da.htm (SC 13D/A) — 53KB
- 0001193125-24-163434.txt ( ) — 55KB
of the Schedule 13D is hereby amended and supplemented as follows
Item 1 of the Schedule 13D is hereby amended and supplemented as follows: The principal executive office of the Issuer is located at 1768 Park Center Drive, Orlando, Florida 32835. Item3. Source and Amount of Funds or Other Consideration
of the Schedule 13D is hereby amended and supplemented as follows
Item 3 of the Schedule 13D is hereby amended and supplemented as follows: On June 14, 2024, Katmandu received 1,745,906 shares of Class A Common Stock from FAST Sponsor II LLC in exchange for the assignment to FAST Sponsor II LLC of $6,316,977 in indebtedness due to Katmandu by the Issuer. 1,230,000 of these shares of Class A Common Stock are subject to a Sponsor Lock-Up Agreement, as described in Item 6 of this Schedule 13D. Item5. Interest in Securities of the Issuer Items 5 (a)-(c) of the Schedule 13D are hereby amended and restated as follows: The information provided and incorporated by reference in Item 3 is hereby incorporated by reference in this Item 5. (a), (b) 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, (i) Katmandu may be deemed to beneficially own 13,991,375 shares of Class A Common Stock consisting of 1,745,906 shares of Class A Common stock and 12,245,469 shares of Class A Common Stock issuable on a one-for-one basis upon redemption of Common Units and an equal number of paired shares of Class B Common Stock, representing 58.9% of the outstanding shares of Class A Common Stock, as calculated pursuant to Rule 13d-3 of the Exchange Act and (ii) Ms. Markey may be deemed to beneficially own the 13,991,375 shares of Class A Common Stock beneficially owned by Katmandu, consisting of 1,745,906 shares of Class A Common stock and 12,245,469 shares of Class A Common Stock issuable on a one-for-one basis upon redemption of Common Units and an equal number of p
of the Schedule 13D are hereby amended and supplemented as follows
Item 6 of the Schedule 13D are hereby amended and supplemented as follows: Sponsor Lock-Up Agreement . A portion of the shares of Class A Common Stock held by Katmandu, which were purchased from FAST Sponsor II LLC (Sponsor) on June 14, 2024, are subject to an Amended and Restated Lock-up Agreement, dated January 31, 2023, between, the Issuer, the Sponsor and certain other holders of securities of the Issuer (the Sponsor Lock-Up Agreement). Under the Sponsor Lock-Up Agreement, such shares may not be transferred, except in limited circumstances, for a period of two years following October 6, 2023. The foregoing summary does not purport to be complete and is qualified in its entirety by reference to the Sponsor Lock-Up Agreement, a copy of which is incorporated herein by reference as an exhibit to this Schedule 13D. Item7. Material to Be Filed as Exhibits
of the Schedule 13D are hereby amended and supplemented as follows
Item 7 of the Schedule 13D are hereby amended and supplemented as follows: H. Amended and Restated Sponsor Lock-Up Agreement, dated January 31, 2023, by and among Falcons Beyond Global, LLC, FAST Sponsor II LLC, and the Securityholders (incorporated by reference to Exhibit 10.4 to the Registration Statement on Form S-4 (File No. 333-269778) filed on February 14, 2023). 5
SIGNATURES
SIGNATURES 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. Dated: June 18, 2024 KATMANDU VENTURES, LLC By: /s/ Jill K. Markey Name: Jill K. Markey Title: Manager JILL K. MARKEY /s/ Jill K. Markey