secwatch.observer — SEC 8-K summary
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Issuer:     Falcon's Beyond Global, Inc. (FBYD)
CIK:        0001937987
Form:       8-K
Filed at:   2025-09-12T23:59:59+00:00
Accession:  0001213900-25-087305
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1937987/000121390025087305/0001213900-25-087305-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1937987/000121390025087305/ea0257197-8k_falcons.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-087305

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