Infinite Acquisitions Partners LLC, a significant shareholder of Falcon’s Beyond Global, Inc. (NASDAQ:FBYD), sold 260,642 shares of its Class B common stock on December 31, 2024. The shares were sold at a price of $7.99 each, which which equates to a total transaction value of approximately $2.08 million. The transaction came as FBYD, currently valued at $1.04 billion, trades with notable volatility and typically moves against broader market trends with a beta of -0.36, according to data from InvestingPro. Following this sale, Infinite Acquisitions retains ownership of 24,943,102 shares. The transaction reflects the company’s continued management of its investment in Falcon’s Beyond Global. InvestingPro’s analysis indicates the stock is currently trading below its fair value, with additional information available via 6 key ProTips covering financial health, valuation metrics and market positioning.
In other recent news, Falcon’s Beyond Global, Inc. has made significant amendments to its loan agreements, impacting payment schedules and interest rates. The company extended the expiration date of its existing agreements with Katmandu Ventures, LLC and FAST Sponsor II LLC until February 28, 2025 and increased the interest rate to 11.75% per annum. Loans must now be settled within five business days of any asset sale or third-party financing obtained.
Falcon’s Beyond Global, LLC also entered into a third amendment to the Universal Kat Loan Agreement with Sponsor FAST, which includes a potential payment of $500,000 to lenders if the asset sale is not completed by February 2025. Additionally, the company has obtained new credit agreements. with Infinite Acquisitions Partners LLC, providing up to $15 million with a ten-year maturity, and approximately $8 million has already been borrowed under this credit facility.
Simultaneously, Falcon’s Beyond Global’s indirect subsidiary, Katmandu Group, LLC, replaced existing loans with Infinite through a new unsecured loan totaling $14,764,768.81, scheduled to mature on September 30, 2034. These recent developments They highlight the company’s efforts to restructure its financial obligations.
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