secwatch.observer — SEC 8-K summary
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Issuer:     Falcon's Beyond Global, Inc. (FBYD)
CIK:        0001937987
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001213900-23-083952
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Falcon's Beyond automatically converts all 8% Series A Preferred into common; warrants adjusted
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- All outstanding 8% Series A Cumulative Convertible Preferred Stock converted on Nov 6, 2023 into 0.90909 shares of Class A common per preferred share.
- Approximately 600,000 shares of Class A common stock issued upon conversion; no preferred shares remain outstanding.
- Warrants adjusted: each warrant now exercisable for 1.034999 shares of Class A common (was 0.580454 common + 0.5 preferred).
- Preferred stock ceased trading on Nasdaq as of close Nov 6, 2023.
- Conversion triggered by Class A common VWAP exceeding $14.30 over a 20-of-30-trading-day period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1937987/000121390023083952/0001213900-23-083952-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1937987/000121390023083952/ea187746-8k_falcons.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-083952

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer