Infinite Acquisitions Partners LLC, a significant shareholder in Falcon’s Beyond Global, Inc. (NASDAQ:FBYD), sold 260,642 shares of Class B common stock on December 31, 2024. The shares were sold at a price of $7.99 each, for a total transaction value of approximately $2.08 million. The transaction occurred as FBYD, currently valued at $1.04 billion, is trading with notable volatility and typically moves against broader market trends with a beta of -0.36, according to InvestingPro data. Following this sale, Infinite Acquisitions retains ownership of 24,943,102 shares. The transaction reflects the continued management of the company’s investment in Falcon’s Beyond Global. InvestingPro analysis shows that the stock is currently trading below its fair value, with additional insights available through 6 key ProTips covering financial health, valuation metrics and market positioning.
In other recent news, Falcon’s Beyond Global, Inc. made significant amendments to its loan agreements, affecting repayment schedules and interest rates. The Company extended the maturity date of its existing arrangements with Katmandu Ventures, LLC and FAST Sponsor II LLC to 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 acquisition of third-party financing.
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 the lenders if the asset sale is not completed by February 2025. Additionally, the company has secured new credit agreements with Infinite Acquisitions Partners LLC, securing up to $15 million with a ten-year maturity, and approximately $8 million has already been borrowed under this deal.
At the same time, Falcon’s Beyond Global indirect subsidiary, Katmandu Group, LLC, replaced existing loans with Infinite through a new unsecured loan in the aggregate amount of $14,764,768.81, due September 30, 2034. These recent developments highlight the company’s efforts to restructure their financial obligations.
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