--- schema_version: "secwatch.filing_event.v1" accession: "0001013762-23-003266" form_type: "8-K" ticker: "FBYD" cik: "0001937987" company_name: "Falcon's Beyond Global, Inc." filed_at: "2023-10-11T23:59:59+00:00" generated_at: "2026-06-10T01:51:20.491183+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.85 calibrated_materiality_score: 0.85 confidence: "high" source: SEC EDGAR --- # Falcon's Beyond closes SPAC merger with FAST II after waiving $5M net tangible asset condition ## Summary - 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. ## SEC filing metadata - accession: 0001013762-23-003266 - form_type: 8-K - ticker: FBYD - cik: 0001937987 - company_name: Falcon's Beyond Global, Inc. - filed_at: 2023-10-11T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.85 - calibrated_materiality_score: 0.85 - confidence: high - sec_items: 3.02, 5.02, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1937987/000101376223003266/0001013762-23-003266-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1937987/000101376223003266/ea186637-8k_falcons.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001013762-23-003266 - JSON: https://secwatch.observer/filing/0001013762-23-003266.json - Plain text: https://secwatch.observer/filing/0001013762-23-003266.txt ## Key facts - Executive change David Schaefer was appointed as Chief Development Officer at Falcon's Beyond Global, Inc.. - Action: appointed - Role: Chief Development Officer source text: David Schaefer was appointed Chief Development Officer evidence_url: https://www.sec.gov/Archives/edgar/data/1937987/000101376223003266/0001013762-23-003266-index.htm - Executive change Joanne Merrill was appointed as Chief Financial Officer at Falcon's Beyond Global, Inc.. - Action: appointed - Role: Chief Financial Officer source text: Joanne Merrill was appointed Chief Financial Officer evidence_url: https://www.sec.gov/Archives/edgar/data/1937987/000101376223003266/0001013762-23-003266-index.htm - Executive change 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 source text: Bruce A. Brown was appointed Executive Vice President of Legal, General Counsel and Corporate Secretary evidence_url: https://www.sec.gov/Archives/edgar/data/1937987/000101376223003266/0001013762-23-003266-index.htm - Executive change Simon Philips was appointed as President at Falcon's Beyond Global, Inc.. - Action: appointed - Role: President source text: Simon Philips was appointed President evidence_url: https://www.sec.gov/Archives/edgar/data/1937987/000101376223003266/0001013762-23-003266-index.htm - Executive change Yvette Whittaker was appointed as Chief Corporate Officer at Falcon's Beyond Global, Inc.. - Action: appointed - Role: Chief Corporate Officer source text: Yvette Whittaker was appointed Chief Corporate Officer evidence_url: https://www.sec.gov/Archives/edgar/data/1937987/000101376223003266/0001013762-23-003266-index.htm - Executive change Scott Demerau was appointed as Director at Falcon's Beyond Global, Inc.. - Action: appointed - Role: Director source text: each of Scott Demerau, Jarett T. Bostwick, Simon Philips, Sandy Beall, Doug Jacob, Cecil D. Magpuri and Ramin Arani are the directors of Pubco. evidence_url: https://www.sec.gov/Archives/edgar/data/1937987/000101376223003266/0001013762-23-003266-index.htm - Executive change Ramin Arani was appointed as Director at Falcon's Beyond Global, Inc.. - Action: appointed - Role: Director source text: each of Scott Demerau, Jarett T. Bostwick, Simon Philips, Sandy Beall, Doug Jacob, Cecil D. Magpuri and Ramin Arani are the directors of Pubco. evidence_url: https://www.sec.gov/Archives/edgar/data/1937987/000101376223003266/0001013762-23-003266-index.htm - Executive change Jarett T. Bostwick was appointed as Director at Falcon's Beyond Global, Inc.. - Action: appointed - Role: Director source text: each of Scott Demerau, Jarett T. Bostwick, Simon Philips, Sandy Beall, Doug Jacob, Cecil D. Magpuri and Ramin Arani are the directors of Pubco. evidence_url: https://www.sec.gov/Archives/edgar/data/1937987/000101376223003266/0001013762-23-003266-index.htm - Executive change Cecil D. Magpuri was appointed as Chief Executive Officer at Falcon's Beyond Global, Inc.. - Action: appointed - Role: Chief Executive Officer source text: Cecil D. Magpuri was appointed Chief Executive Officer evidence_url: https://www.sec.gov/Archives/edgar/data/1937987/000101376223003266/0001013762-23-003266-index.htm - Executive change Sandy Beall was appointed as Director at Falcon's Beyond Global, Inc.. - Action: appointed - Role: Director source text: each of Scott Demerau, Jarett T. Bostwick, Simon Philips, Sandy Beall, Doug Jacob, Cecil D. Magpuri and Ramin Arani are the directors of Pubco. evidence_url: https://www.sec.gov/Archives/edgar/data/1937987/000101376223003266/0001013762-23-003266-index.htm - Executive change Simon Philips was appointed as Director at Falcon's Beyond Global, Inc.. - Action: appointed - Role: Director source text: each of Scott Demerau, Jarett T. Bostwick, Simon Philips, Sandy Beall, Doug Jacob, Cecil D. Magpuri and Ramin Arani are the directors of Pubco. evidence_url: https://www.sec.gov/Archives/edgar/data/1937987/000101376223003266/0001013762-23-003266-index.htm - Executive change Cecil D. Magpuri was appointed as Director at Falcon's Beyond Global, Inc.. - Action: appointed - Role: Director source text: each of Scott Demerau, Jarett T. Bostwick, Simon Philips, Sandy Beall, Doug Jacob, Cecil D. Magpuri and Ramin Arani are the directors of Pubco. evidence_url: https://www.sec.gov/Archives/edgar/data/1937987/000101376223003266/0001013762-23-003266-index.htm - Executive change Doug Jacob was appointed as Director at Falcon's Beyond Global, Inc.. - Action: appointed - Role: Director source text: each of Scott Demerau, Jarett T. Bostwick, Simon Philips, Sandy Beall, Doug Jacob, Cecil D. Magpuri and Ramin Arani are the directors of Pubco. evidence_url: https://www.sec.gov/Archives/edgar/data/1937987/000101376223003266/0001013762-23-003266-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.