{"id":793495,"date":"2024-12-09T15:52:02","date_gmt":"2024-12-09T20:52:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/falcons-beyond-global-issues-reminder-of-upcoming-stock-dividend\/"},"modified":"2024-12-09T15:52:02","modified_gmt":"2024-12-09T20:52:02","slug":"falcons-beyond-global-issues-reminder-of-upcoming-stock-dividend","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/falcons-beyond-global-issues-reminder-of-upcoming-stock-dividend\/","title":{"rendered":"Falcon\u2019s Beyond Global Issues Reminder of Upcoming Stock Dividend"},"content":{"rendered":"

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Falcon\u2019s Beyond Global Issues Reminder of Upcoming Stock Dividend<\/b><\/p>\n

Record Date for Dividend is December 10, 2024; Payment Date is December 17, 2024<\/i><\/p>\n

ORLANDO, Fla.–(BUSINESS WIRE<\/a>)–
\nFalcon\u2019s Beyond Global, Inc. (Nasdaq: FBYD) (\u201cFalcon\u2019s Beyond,\u201d \u201cFalcon\u2019s,\u201d or the \u201cCompany\u201d), a leading innovator in immersive storytelling through its divisions Falcon\u2019s Creative Group (\u201cFCG\u201d), Falcon\u2019s Beyond Destinations (\u201cFBD\u201d), and Falcon\u2019s Beyond Brands (\u201cFBB\u201d), today reminded its shareholders of the upcoming stock dividend previously announced on October 1, 2024.<\/p>\n

\nUnder the terms of the dividend, eligible shareholders will receive a stock dividend of 0.2 shares of the Company\u2019s Class A common stock per share of Class A common stock outstanding, payable on December 17, 2024, to holders of Class A common stock as of the record date of December 10, 2024. In lieu of fractional shares, cash will be distributed to each stockholder who would otherwise have been entitled to receive a fractional share, with the amount of cash to be determined based on the average closing price, rounded to the nearest penny, of the Company\u2019s Class A common stock on Nasdaq for the five consecutive business days prior to the payment date of the stock dividend. Additionally, as a result of the stock dividend, holders of the Company\u2019s Class B common stock will receive a stock dividend of 0.2 shares of Class B common stock per share of Class B common stock outstanding, and the Falcon\u2019s Beyond Global, LLC common units that are issued and outstanding will be adjusted to reflect the same economic equivalent of the stock dividend. Outstanding warrants, restricted stock units and other equity awards will be similarly adjusted in accordance with their terms. A total of approximately 2.0 million shares of Class A common stock and approximately 11.5 million shares of Class B common stock are expected to be issued in connection with the stock dividend.<\/p>\n

\nStockholders will not be required to take any action to receive the stock dividend. After the payment date, stockholders\u2019 book entry accounts will be credited with the additional shares that represent the stock dividend. When shares are held in a brokerage account in the name of a broker, the additional shares will be distributed to the broker on the stockholder\u2019s behalf. The stock dividend is administered by Continental Stock Transfer & Trust Company, the Company\u2019s transfer agent.<\/p>\n

About Falcon\u2019s Beyond<\/b><\/p>\n

Falcon\u2019s Beyond<\/b> is a visionary innovator in immersive storytelling, sitting at the intersection of three potential high growth business opportunities: content, technology, and experiences. Falcon\u2019s Beyond propels intellectual property (IP) activations concurrently across physical and digital experiences through three core business units:<\/p>\n