4/A: Infinite Acquisitions Amends SEC Filing, Correcting Beneficial Ownership in Falcon's Beyond Global

Infinite Acquisitions Partners LLC has filed an amended Form 4, correcting an understatement of its beneficial ownership of Falcon's Beyond Global, Inc. Class A Common Stock to a total of 24,686,868 shares.

Summary

• Infinite Acquisitions Partners LLC (Infinite Acquisitions) filed an amended Form 4 to correct an administrative error in its original filing from January 10, 2025.
• The original Form 4 understated Infinite Acquisitions' beneficial ownership of Falcon's Beyond Global, Inc. Class A Common Stock by a total of 1,043,766 shares.
• This understatement was comprised of 779,288 shares inadvertently omitted due to miscalculation and 264,478 shares from a 20% stock dividend received on December 17, 2024, which were not separately reported.
• Following the correction, Infinite Acquisitions beneficially owns 24,686,868 shares of Class A Common Stock.
• This total includes 400,000 Class A Earnout Shares held in an escrow account, which will be released to Infinite Acquisitions upon the satisfaction of certain milestones described in the Registration Statement on Form S-4 (File No. 333-269778).
• Infinite Acquisitions' right to receive the Class A Earnout Shares became fixed and irrevocable effective as of October 6, 2023.
• Once earned and delivered, the Class A Earnout Shares will be subject to an additional 1-year lock-up agreement between Infinite Acquisitions and Falcon's Beyond Global, Inc.

Sentiment

Score: 7

Explanation: The sentiment is generally positive due to the correction of an administrative error, which enhances transparency and accuracy of reported beneficial ownership. While the error itself is a minor negative, its rectification is a net positive for stakeholders.

Positives

• The filing corrects a previous administrative error, providing a more accurate and transparent view of beneficial ownership.
• The right to receive 400,000 Class A Earnout Shares became fixed and irrevocable as of October 6, 2023, indicating progress towards their eventual release to Infinite Acquisitions.

Negatives

• An administrative error led to a significant understatement of beneficial ownership in the original Form 4 filing, raising questions about internal reporting accuracy.

Risks

• The 400,000 Class A Earnout Shares are subject to the satisfaction of certain milestones, meaning their release to Infinite Acquisitions is not yet guaranteed.
• Once released, the Class A Earnout Shares will be subject to an additional 1-year lock-up, restricting their immediate liquidity.

Future Outlook

The 400,000 Class A Earnout Shares are expected to be released to Infinite Acquisitions upon the satisfaction of certain milestones. Once released, these shares will be subject to an additional 1-year lock-up period.

Management Comments

• Lucas Demerau, President of Infinite Acquisitions Partners LLC and Erudite Cria, Inc., signed the filing.

Industry Context

This filing is a routine amendment to a beneficial ownership report (Form 4/A) for a significant shareholder of a publicly traded company. It primarily addresses internal reporting accuracy rather than broader industry trends or competitive dynamics.

Corporate Governance

Related Party Transactions

• Infinite Acquisitions initiated the delivery of shares to satisfy obligations to former equityholders of Infinite Acquisitions pursuant to redemption agreements entered into prior to the Business Combination.
• Infinite Acquisitions is controlled by its manager, Erudite Cria, Inc., with investment and voting decisions made by Erudite Cria's board of directors.

Stakeholder Impact

• Shareholders of Falcon's Beyond Global, Inc. receive more accurate and complete information regarding the beneficial ownership of a significant 10% owner, enhancing market transparency.
• Investment professionals and regulatory authorities benefit from the corrected data, allowing for more precise analysis of ownership structure.

Next Steps

• Satisfaction of milestones for the release of 400,000 Class A Earnout Shares from escrow to Infinite Acquisitions.
• Application of a 1-year lock-up period to the Class A Earnout Shares once they are earned, released, and delivered.

Key Dates

Keywords

SEC filing, Form 4/A, beneficial ownership, Class A Common Stock, Falcon's Beyond Global, FBYD, Infinite Acquisitions Partners LLC, Erudite Cria Inc., stock dividend, earnout shares, administrative error, amendment