4//SEC Filing
Infinite Acquisitions Partners LLC 4
Accession 0001193125-25-223125
CIK 0001937987other
Filed
Sep 28, 8:00 PM ET
Accepted
Sep 29, 3:51 PM ET
Size
10.3 KB
Accession
0001193125-25-223125
Insider Transaction Report
Form 4
Erudite Cria, Inc.
10% Owner
Transactions
- Purchase
11% Series B Cumulative Convertible Preferred Stock
2025-09-08$5.00/sh+4,092,326$20,461,630→ 4,092,326 totalExercise: $5.00→ Class A Common Stock (4,092,326 underlying)
Infinite Acquisitions Partners LLC
10% Owner
Transactions
- Purchase
11% Series B Cumulative Convertible Preferred Stock
2025-09-08$5.00/sh+4,092,326$20,461,630→ 4,092,326 totalExercise: $5.00→ Class A Common Stock (4,092,326 underlying)
Footnotes (3)
- [F1]Pursuant to the terms of the 11% Series B Cumulative Convertible Preferred Stock, par value $0.0001 per share (the "Series B Preferred Stock"), of Falcon's Beyond Global, Inc. (the "Issuer"), starting on September 8, 2028, if at any time the volume weighted average sale price of the Issuer's Class A common stock, par value $0.0001 per share ("Class A Common Stock"), equals or exceeds $10.00 per share (as adjusted to reflect any stock splits, reverse stock splits, stock dividends, extraordinary cash dividends, reorganization or similar transaction) for at least 21 out of 30 consecutive trading days, the Series B Preferred Stock will automatically convert into shares of the Issuer's Class A Common Stock at the then effective conversion rate. The initial conversion rate is one-to-one. The Series B Preferred Stock is not convertible by the holder and does not expire.
- [F2]Infinite Acquisitions Partners LLC ("Infinite Acquisitions") exchanged, discharged, and forgave an aggregate of approximately $20.5 million of indebtedness owed by the Issuer or one of its subsidiaries to Infinite Acquisitions, in consideration for the issuance by the Issuer to Infinite Acquisitions of $20.5 million of shares of Series B Preferred Stock, at a per share price of $5.00, for an aggregate of 4,092,326 shares of Series B Preferred Stock.
- [F3]Represents securities held by Infinite Acquisitions. Infinite Acquisitions is controlled by its manager, Erudite Cria, Inc. ("Infinite Manager"). Investment and voting decisions at Infinite Manager with respect to the securities held by Infinite Acquisitions are made by the board of directors of Infinite Manager. Each director has one vote on all matters presented to the board of Infinite Manager, except that the chairman of the board of directors, Lucas Demerau, has two votes on all matters presented to the board of Infinite Manager. Therefore, no individual director of Infinite Manager is the beneficial owner, for purposes of Rule 13d-3 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), of the securities held by Infinite Acquisitions. Each of Infinite Manager and the directors of Infinite Manager disclaim beneficial ownership over such securities except to the extent of their individual pecuniary interest therein.
Documents
Issuer
Falcon's Beyond Global, Inc.
CIK 0001937987
Entity typeother
IncorporatedNV
Related Parties
1- filerCIK 0001995580
Filing Metadata
- Form type
- 4
- Filed
- Sep 28, 8:00 PM ET
- Accepted
- Sep 29, 3:51 PM ET
- Size
- 10.3 KB