\nFollowing the grand opening of Katmandu Park | Punta Cana, the Caribbean\u2019s first world-class theme park, Falcon\u2019s Beyond<\/a> (\u201cFalcon\u2019s\u201d or the \u201cCompany\u201d), a fully integrated global entertainment development company specializing in intellectual property (IP) creation and expansion, today announced its first animated series is now in development.<\/p>\n
\nThe preschool show features Boro the Yeti\u2122, one of the breakout characters first introduced at the original Katmandu\u2122 theme park in Mallorca, Spain, and a group of fun-loving, mischievous young yetis. In this mission-oriented show, the young yetis go on adventures across Katmandu. Helping them are Kilgore Goode\u2122 and Busby the Robot\u2122, also from the Katmandu franchise, who provide the young yetis with all the tech they need to complete their missions. Their headquarters is in the iconic upside-down house as seen in the Katmandu theme parks. Additional details, including the series\u2019 distribution partner, creative team and title will be unveiled in the coming months.<\/p>\n
\n\u201cYetis have quickly become beloved by visitors of our Katmandu theme parks, especially our youngest guests, so when we started to explore new entertainment concepts, we all agreed yetis were perfect leads for our first preschool series,\u201d said Cecil D. Magpuri, Falcon\u2019s Beyond CEO. \u201cWith the recent opening of Katmandu Park in the Dominican Republic receiving tremendous fanfare, our consumer products program, digital games, and now our first series in development, we are proud to see our 360-degree approach to expanding IP come to life.\u201d<\/p>\n
\nThis series\u2019 announcement follows other recent transformative news from Falcon\u2019s Beyond, including the recent appointment of accomplished entertainment industry executive Simon Philips as the Company\u2019s president. In his previous roles, Philips visionary approach to brand building helped shape the strategic direction of some of the world\u2019s most iconic franchises, including Disney, Pixar, Star Wars, Marvel, Pok\u00e9mon, Teenage Mutant Ninja Turtles, Yu-Gi-Oh, and most recently CoComelon.<\/p>\n
\nLast year, Falcon\u2019s Beyond announced plans to become a publicly listed company through a business combination with FAST Acquisition Corp. II (\u201cFAST II\u201d) (NYSE: FZT), a special purpose acquisition company founded by Doug Jacob and headed by Sandy Beall. Upon the closing of the transaction, the new combined company will be named \u201cFalcon\u2019s Beyond Global, Inc.\u201d and is expected to be listed on Nasdaq under the ticker symbol \u201cFBYD.\u201d More information about the transaction can be found in the Investor Relations section of Falcon\u2019s website.<\/p>\n
About Falcon\u2019s Beyond<\/b><\/p>\n
\nHeadquartered in Orlando, Florida, Falcon’s Beyond is a fully integrated, top-tier experiential entertainment development enterprise focusing on a 360\u00b0 IP Expander model. The Company brings its own proprietary and partner IPs to global markets through owned and operated theme parks, resorts, attractions, patented technologies, feature films, episodic series, consumer products, licensing, and beyond. The Company has won numerous design awards and provided design services in 27 countries around the world, turning imagined worlds into reality.<\/p>\n
\nFALCON’S BEYOND, KATMANDU, and its related trademarks are owned by Falcon\u2019s Beyond.<\/p>\n
Additional Information and Where to Find It<\/b><\/p>\n
\nIn connection with the proposed business combination, Falcon\u2019s Beyond Global, Inc. (\u201cPubco\u201d) has filed with the U.S. Securities and Exchange Commission (the \u201cSEC\u201d) a registration statement on Form S-4 (the \u201cRegistration Statement\u201d), which includes a document that serves as a joint prospectus of Pubco and proxy statement of FAST II, referred to as a proxy statement\/prospectus. A proxy statement\/prospectus will be sent to all FAST II shareholders after the Registration Statement is declared effective by the SEC. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom. FAST II and Pubco will also file other documents regarding the proposed business combination with the SEC. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SECURITY HOLDERS OF FAST II ARE URGED TO READ THE REGISTRATION STATEMENT, THE PROXY STATEMENT\/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED BUSINESS COMBINATION AS THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED BUSINESS COMBINATION.<\/p>\n
\nInvestors and security holders can obtain free copies of the Registration Statement, and will be able to obtain free copies of amendments to the registration statement, the proxy statement\/prospectus and all other relevant documents filed or that will be filed with the SEC by FAST II or Pubco through the website maintained by the SEC at www.sec.gov<\/a>. The documents filed by FAST II with the SEC also may be obtained free of charge upon written request to 109 Old Branchville Road Ridgefield, CT 06877. The documents filed by Pubco with the SEC may also be obtained free of charge upon written request to 6996 Piazza Grande Avenue, Suite 301, Orlando, FL 32835.<\/p>\n Participants in the Solicitations<\/b><\/p>\n \nFAST II and its directors and executive officers may be deemed participants in the solicitation of proxies from FAST II\u2019s stockholders with respect to the proposed business combination. A list of the names of those directors and executive officers and a description of their interests in FAST II is contained in FAST II\u2019s final prospectus related to its initial public offering dated March 15, 2021 and the Registration Statement, each of which was filed with the SEC and is available free of charge at the SEC\u2019s website at www.sec.gov<\/a>. Additional information regarding the interests of such participants will be contained in amendments to the Registration Statement for the proposed business combination when available.<\/p>\n \nThe Company and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from the stockholders of FAST II in connection with the proposed business combination. A list of the names of such directors and executive officers and information regarding their interests in the proposed business combination is included in the Registration Statement, which was filed with the SEC and is available free of charge at the SEC\u2019s website at www.sec.gov<\/a>. Additional information regarding the interests of such participants will be included in amendments to the Registration Statement for the proposed business combination when available.<\/p>\n No Offer or Solicitation<\/b><\/p>\n \nThis press release is for informational purposes only and shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed business combination and shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 the Securities Act of 1933, as amended, or an exemption therefrom.<\/p>\n Caution About Forward-Looking Statements<\/b><\/p>\n \nThis press release includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as \u201cbelieve,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cestimate,\u201d \u201ccontinue,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cexpect,\u201d \u201cshould,\u201d \u201cwould,\u201d \u201cplan,\u201d \u201cpredict,\u201d \u201cpotential,\u201d \u201cseem,\u201d \u201cseek,\u201d \u201cfuture,\u201d \u201coutlook,\u201d and similar expressions that predict or indicate future events or trends or that are not statements of historical matters.<\/p>\n \nThese forward-looking statements include, but are not limited to, the expectation that the proposed transaction will occur and Pubco will be listed on Nasdaq and Falcon\u2019s Beyond\u2019s plans to develop its animated series. These statements are based on various assumptions and on the current expectations of the Company, Pubco and FAST II and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and should not be relied on by an investor or others as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Falcon\u2019s Beyond and FAST II. These forward-looking statements are subject to a number of risks and uncertainties, including, but not limited to, the likelihood of which could be adversely affected by (1) changes in domestic and foreign business, market, financial, political, and legal conditions in general and in the entertainment industry in particular; (2) the outcome of any legal proceedings that may be instituted against FAST II, Falcon\u2019s Beyond or Pubco following the announcement of the proposed business combination; (3) the inability of the parties to successfully or timely consummate the proposed business combination, including the risk that any regulatory approvals or the SEC\u2019s declaration of the effectiveness of our prospectus\/proxy statement are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect Falcon\u2019s Beyond or the expected benefits of the proposed transaction or that the approval of the requisite equity holders of FAST II is not obtained; (4) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement; (5) volatility in the price of FAST II\u2019s or Falcon\u2019s Beyond\u2019s securities; (6) the risk that the proposed business combination disrupts current plans and operations as a result of the announcement and consummation of the business combination; (7) the enforceability of Falcon\u2019s Beyond\u2019s intellectual property, including its patents, and the potential infringement on the intellectual property rights of others, cyber security risks or potential breaches of data security; (8) any failure to realize the anticipated benefits of the proposed transaction; (9) risks relating to the uncertainty of the projected financial information with respect to Falcon\u2019s Beyond; (10) risks related to the rollout of Falcon\u2019s Beyond’s business and the timing of expected business milestones; (11) the effects of competition on Falcon\u2019s Beyond’s business; (12) the risk that the proposed business combination may not be completed by FAST II\u2019s business combination deadline; (13) the amount of redemption requests made by FAST II’s stockholders; (14) the ability of FAST II or Falcon\u2019s Beyond to issue equity or equity-linked securities or obtain debt financing in connection with the proposed transaction or in the future; (15) and those factors discussed in the Registration Statement and FAST II’s final prospectus dated March 15, 2021 under the heading “Risk Factors,” and other documents FAST II or Pubco has filed, or will file, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither FAST II nor Falcon\u2019s Beyond presently know, or that FAST II or Falcon\u2019s Beyond currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, the forward-looking statements reflect FAST II’s and Falcon\u2019s Beyond’s expectations, plans, or forecasts of future events and views as of the date of this press release. FAST II and Falcon\u2019s Beyond anticipate that subsequent events and developments will cause FAST II’s and Falcon\u2019s Beyond’s assessments to change. However, while FAST II and Falcon\u2019s Beyond may elect to update these forward-looking statements at some point in the future, FAST II and Falcon\u2019s Beyond specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as a representation of FAST II’s and Falcon\u2019s Beyond’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230412005219\/en\/<\/a><\/span><\/p>\n Media: Investor Relations: KEYWORDS:<\/b> Florida United States North America<\/p>\n INDUSTRY KEYWORDS:<\/b> Theme Parks Other Travel Education Preschool Destinations Women Travel TV and Radio Parenting Men Children Licensing (Entertainment) Family Vacation Entertainment Consumer<\/p>\n<\/p>\n
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DKC Public Relations
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Falcons@dkcnews.com
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Brett Milotte, ICR
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FalconsBeyondIR@icrinc.com<\/a><\/p>\n
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