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Stock impact report

Falcon’s Beyond Announces Stock Dividend and Appoints New Audit Committee Member

Falcon's Beyond Global, Inc. (FBYD) 
Company Research Source: Business Wire
Forfeiture and Cancellation of Performance Based Earnout Shares to Reduce Company Liabilities and Simplify its Balance Sheet ORLANDO, Fla.--(BUSINESS WIRE)--Falcon’s Beyond Global, Inc. (Nasdaq: FBYD) (“Falcon’s Beyond,” “Falcon’s,” or the “Company”), a leading innovator in immersive storytelling through its divisions Falcon’s Creative Group (“FCG”), Falcon’s Beyond Destinations (“FBD”), and Falcon’s Beyond Brands (“FBB”), today announced a stock dividend payable on December 17, 2024 to holders of Class A common stock of record as of December 10, 2024. In addition, the Company today announced the cancellation of the performance-based earnout shares described below, which were forfeited by their holders to reduce the Company’s liability overhang and simplify the Company’s balance sheet. These actions are aimed at optimizing the Company’s capital structure, enhancing shareholder value, and paving the way for continued expansion as Falcon’s nears the first anniversary of its de-SPAC t Show less Read more
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