Form 4: Infinite Acquisitions Partners Sells 400,000 Common Units of Falcon's Beyond Global
SEC Form 4 Filing
Infinite Acquisitions Partners LLC sold 400,000 common units of Falcon's Beyond Global, LLC for $7.50 per unit on June 14, 2024.
Summary
- On June 14, 2024, Infinite Acquisitions Partners LLC sold 400,000 common units of Falcon's Beyond Global, LLC for $7.50 per unit.
- The sale also included the delivery of an equal number of shares of Class B Common Stock to the purchaser.
- Following the transaction, Infinite Acquisitions Partners LLC beneficially owns 52,059,787 common units and an equal number of Class B Common Stock shares.
- These holdings include units not subject to transfer restrictions, units earned with a 1-year lock-up, and earnout securities held in escrow.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The sale of common units may have a minor impact on shareholders due to the change in ownership structure.
- The transaction provides liquidity to Infinite Acquisitions Partners LLC.
Key Dates
| Date | Description |
|---|---|
| October 6, 2023 | Infinite Acquisitions's right to receive the Earnout Securities upon satisfaction of the earnout conditions became fixed and irrevocable. |
| May 10, 2024 | 5,026,608 Common Units and an equal number of shares of Class B Common Stock earned and subject to an additional 1-year lock-up. |
| June 14, 2024 | Infinite Acquisitions Partners LLC sold 400,000 Common Units for $7.50 per Common Unit. |
| June 18, 2024 | Date of signatures for the Form 4 filing. |
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