Guggenheim sues Falcon’s Beyond for $11M in fees from 2023 business combination

Falcon's Beyond Global, Inc.

Guggenheim Securities alleges breach of contract seeking $11,056,512.70 for services related to Oct 2023 business combination with FAST Acquisition Corp. II.
Company had previously accrued $11.1 million as of December 31, 2023 for the Guggenheim contract.
Falcon’s Beyond states it will vigorously defend against the claim in the Guggenheim Complaint.
Disclosure supplements the 2023 Annual Report on Form 10-K that described the same matter.

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