Falcon’s Beyond Global, Inc. filed its definitive Information Statement on Schedule 14C with the Securities and Exchange Commission on December 13, 2024. This filing notifies holders of the company’s publicly-traded warrants about a mandatory exchange.
The mandatory exchange is scheduled for October 6, 2028, at an exchange ratio of 0.25 shares of Class A common stock per warrant. This initiative aims to simplify the company’s capital structure and reduce potential dilutive impact.
The amendment to the warrant agreement, dated November 15, 2024, was authorized by holders of more than 50% of the warrants. The amendment will become effective on January 14, 2025, after which warrants will no longer be exercisable but will entitle holders to receive Class A Common Stock at the fixed ratio on the Exchange Date.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.