Falcon's Beyond Global issues $28.7M of 11% Series B Preferred; exchanges $20.5M in debt

Falcon's Beyond Global, Inc.

• Issued 5,747,742 shares of 11% Series B Cumulative Convertible Preferred Stock at $5.00/share for total proceeds of ~$28.7M.
• Received $8.2M in cash; exchanged $20.5M of debt with Infinite Acquisitions Partners LLC for preferred shares.
• Preferred stock ranks senior to common; converts automatically after 3 years if common stock price ≥ $10 for 21 of 30 trading days.
• Dividends accumulate at 11% annually, paid in kind until Jan 1, 2027, then payable in cash.
• Issued under Regulation D exemption; restricts common dividend if preferred dividends unpaid.