8-K
filed October 11, 2023, 7:59 PM ET
ticker FBYD
CIK 0001937987
other material
confidence high
sentiment neutral
materiality 0.85
Falcon's Beyond closes SPAC merger with FAST II after waiving $5M net tangible asset condition
Falcon's Beyond Global, Inc.
- Parties waived condition that FAST II have net tangible assets ≥$5,000,001; only manager vote required, not all members.
- Sponsor converted $1.1M working capital loans into 733,333 Working Capital Warrants on Oct 4, 2023.
- New board of 7 directors appointed; Cecil Magpuri CEO, Joanne Merrill CFO, Simon Philips President.
- Business combination closed Oct 6, 2023; common stock, preferred stock and warrants now trade on Nasdaq.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
David Schaefer was appointed as Chief Development Officer at Falcon's Beyond Global, Inc..
- Action
- appointed
- Role
- Chief Development Officer
Exact text from the filing
David Schaefer was appointed Chief Development Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joanne Merrill was appointed as Chief Financial Officer at Falcon's Beyond Global, Inc..
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
Joanne Merrill was appointed Chief Financial Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Bruce A. Brown was appointed as Executive Vice President of Legal, General Counsel and Corporate Secretary at Falcon's Beyond Global, Inc..
- Action
- appointed
- Role
- Executive Vice President of Legal, General Counsel and Corporate Secretary
Exact text from the filing
Bruce A. Brown was appointed Executive Vice President of Legal, General Counsel and Corporate Secretary
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Simon Philips was appointed as President at Falcon's Beyond Global, Inc..
- Action
- appointed
- Role
- President
Exact text from the filing
Simon Philips was appointed President
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Yvette Whittaker was appointed as Chief Corporate Officer at Falcon's Beyond Global, Inc..
- Action
- appointed
- Role
- Chief Corporate Officer
Exact text from the filing
Yvette Whittaker was appointed Chief Corporate Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Scott Demerau was appointed as Director at Falcon's Beyond Global, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
each of Scott Demerau, Jarett T. Bostwick, Simon Philips, Sandy Beall, Doug Jacob, Cecil D. Magpuri and Ramin Arani are the directors of Pubco.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Ramin Arani was appointed as Director at Falcon's Beyond Global, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
each of Scott Demerau, Jarett T. Bostwick, Simon Philips, Sandy Beall, Doug Jacob, Cecil D. Magpuri and Ramin Arani are the directors of Pubco.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jarett T. Bostwick was appointed as Director at Falcon's Beyond Global, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
each of Scott Demerau, Jarett T. Bostwick, Simon Philips, Sandy Beall, Doug Jacob, Cecil D. Magpuri and Ramin Arani are the directors of Pubco.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Cecil D. Magpuri was appointed as Chief Executive Officer at Falcon's Beyond Global, Inc..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
Cecil D. Magpuri was appointed Chief Executive Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Sandy Beall was appointed as Director at Falcon's Beyond Global, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
each of Scott Demerau, Jarett T. Bostwick, Simon Philips, Sandy Beall, Doug Jacob, Cecil D. Magpuri and Ramin Arani are the directors of Pubco.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Simon Philips was appointed as Director at Falcon's Beyond Global, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
each of Scott Demerau, Jarett T. Bostwick, Simon Philips, Sandy Beall, Doug Jacob, Cecil D. Magpuri and Ramin Arani are the directors of Pubco.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Cecil D. Magpuri was appointed as Director at Falcon's Beyond Global, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
each of Scott Demerau, Jarett T. Bostwick, Simon Philips, Sandy Beall, Doug Jacob, Cecil D. Magpuri and Ramin Arani are the directors of Pubco.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Doug Jacob was appointed as Director at Falcon's Beyond Global, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
each of Scott Demerau, Jarett T. Bostwick, Simon Philips, Sandy Beall, Doug Jacob, Cecil D. Magpuri and Ramin Arani are the directors of Pubco.
View on SEC.gov
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