Announcement • Oct 07

Falcon's Beyond Global, LLC completed the acquisition of FAST Acquisition Corp. II (NYSE:FZT) from a group of shareholders in a reverse merger transaction.

Falcon's Beyond Global, LLC executed a term sheet to acquire FAST Acquisition Corp. II (NYSE:FZT) from a group of shareholders in a reverse merger transaction on April 21, 2022. Falcon's Beyond Global, LLC entered into a definitive agreement to acquire FAST Acquisition Corp. II (NYSE:FZT) from a group of shareholders for $1.3 billion in a reverse merger transaction on July 11, 2022. The transaction values FAST II at a pro forma enterprise value of approximately $1 billion. To provide meaningful downside protection to support the transaction, 50% of the position of each non-redeeming stockholder of FAST II’s will automatically convert into convertible preferred equity with an 8% dividend and $11.00 conversion price, and 20% of the founder shares held by FAST II’s sponsor are being forfeited. Under the terms of agreement, the business combination will be effected in two steps: (a) Acquiror will merge with and into Pubco (the “SPAC Merger”), with Pubco surviving as the sole owner of Merger Sub (sometimes referred to as the “Surviving Corporation”), followed by a contribution by Pubco of all of its cash to Merger Sub to effectuate the “UP-C” structure; and (b) on the date immediately following the SPAC Merger, Merger Sub will merge with and into Falcon (the “Acquisition Merger,” and collectively with the SPAC Merger, the “Mergers”), with Falcon as the surviving entity of such merger. Following the consummation of the transactions contemplated by the Merger Agreement (the “Closing,” and the date on which the Closing occurs, the “Closing Date”), the direct interests in Falcon will be held by Pubco and the holders of common units of Falcon (the “Falcon Units”) outstanding as of immediately prior to the Mergers. As of February 3, 2023, Falcon's Beyond Global entered into a revised merger agreement, Under the terms of the amended agreement, Falcon’s Beyond’s approximately $1.0 billion valuation will be comprised of (1) the pro forma enterprise value of $620 million at the closing of the transaction, and (2) $400 million of consideration tied to positive business performance post-closing. 1 The total valuation under the revised structure is consistent with the approximately $1.0 billion total valuation included in the Merger Agreement entered into on July 11, 2022. In addition to existing 40 million earnout shares tied to stock price appreciation, 40 million shares are now tied to achieving 2023 and 2024 financial targets. Furthermore, approximately 77% of the promote shares held by FAST II’s sponsor are now contingent upon the amount of capital delivered at closing, post-closing stock price performance or achievement of 2023 and 2024 financial performance. The parties also agreed to extend the outside date of the transaction to September 30, 2023. On January 31, 2023, SPAC, the Company, Pubco and Merger Sub entered into that certain Amended and Restated Agreement and Plan of Merger (the “A&R Merger Agreement”), which amended and restated the Original Merger Agreement in its entirety to, among other things, provide for the following: Changes to Acquisition Merger Consideration: The number of shares of Pubco Class B Common Stock and New Company Units to be issued in exchange for current Company Units (excluding Company Financing Units) in the Acquisition Merger has been reduced from 88,653,263 to 48,587,077. EBITDA and Revenue Earnouts: In addition to the 40 million Seller Earnout Shares earned based on the Pubco Common Share Price provided for in the Original Merger Agreement, the holders of Company Units immediately before the Closing (other than the holders of Company Financing Units in their capacity as holders of Company Financing Units) will now be entitled to receive a pro rata portion of a total of up to 40 million additional Seller Earnout Shares based on Pubco’s achievement of specified EBITDA and revenue targets in 2023 and 2024. Up to 2% of the 80 million Seller Earnout Shares will be allocated to each of FAST Sponsor II LLC, a Delaware limited liability company (the “Sponsor”), and Jefferies LLC if they are earned. Concurrently with the execution of the definitive business combination agreement by Falcon’s Beyond and FAST II, Falcon’s Beyond entered into a subscription agreement with Katmandu Collections, LLLP for a $60 million private placement. Upon the closing of the transaction, the new combined company will be named “Falcon’s Beyond Global, Inc.” and is expected to be listed on Nasdaq under the ticker symbol “FBYD.” The company shall be led by Scott Demerau as Executive Chairman and Cecil D. Magpuri as Chief Executive Officer. Upon termination of the Merger Agreement, in certain circumstances, Falcon will pay to the Company a termination fee equal to (i) $12,500,000 if the Company’s redeemed public share percentage is less than 90% or is unknown or (ii) $6,250,000 if the Company’s redeemed public share percentage is known and is equal to or greater than 90%. The transaction is subject to customary closing conditions, including the approval of the stockholders of FAST II, the expiration or termination of the waiting period applicable under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and Falcon's Beyond having at least $5,000,001 of net tangible assets. The Boards of Directors of Falcon’s Beyond and FAST II have each unanimously approved this transaction. As of March 3, 2023, FAST Acquisition’s shareholders have approved the extension for FAST II with additional time to complete its previously announced proposed business combination (the “Proposed Business Combination”) with Falcon’s Beyond Global LLC. In connection with the Extension, 15,098,178 shares of the Company’s issued and outstanding Class A common stock were redeemed for cash at a redemption price of approximately $10.1498 per share, for an aggregate redemption amount of approximately $153.24 million. In connection with the initial extension of the date by which the Company must consummate a business combination to June 18, 2023, the Company caused $750,000, or approximately $0.1051 per share of the Company’s Class A common stock outstanding after giving effect to the redemptions, to be deposited in the Company’s trust account. As of March 10, 2023, Fast Acquisition Corp. II made an amendment to its charter to extend the date by which the Company must consummate an initial business combination from March 18, 2023 to June 18, 2023, and to allow the Company, without another stockholder vote, by resolution of the Company’s board, to elect to further extend this date in one-month increments, up to four additional times, for a total potential extension of up to seven months (the “Extension”). The transaction is expected to close in either the second half of 2022 or the first quarter of 2023. Falcon’s Beyond expects to receive up to $282 million of gross cash proceeds through the transaction. On September 15, 2023 U.S. Securities and Exchange Commission declared Registration Statement as effective the on Form S-4. As on September 25, 2023, FAST II reminded stockholders to vote “FOR” the business combination with Falcon’s Beyond Global, LLC at the special meeting of stockholders scheduled for September 26, 2023. The closing of FAST II’s business combination transaction with Falcon’s Beyond is subject to final stockholder approval at the Special Meeting and satisfaction of other customary closing conditions. Guggenheim Securities, LLC is serving as financial advisor to Falcon’s Beyond. Jefferies LLC is serving as lead financial advisor and capital markets advisor to FAST II. Matthew Kautz, Joel L. Rubinstein, Jonathan P. Rochwarger, Marie Elena Angulo, Amanda Maki, Scott Fryman and James Hu of White & Case LLP serving as legal advisors to Falcon’s Beyond. Stefan G. dePozsgay, Evan M. D’Amico, dePozsgay, Stefan G. and Andrew Fabens of Gibson, Dunn & Crutcher LLP serving as legal advisors to FAST II. Paul Hastings LLP is serving as legal advisor to Jefferies. Falcon's Beyond Global, LLC completed the acquisition of FAST Acquisition Corp. II (NYSE:FZT) from a group of shareholders in a reverse merger transaction on October 5, 2023.

CEO salary percentage	93.63%
CEO tenure	5.2yrs
CEO ownership	n/a
Management average tenure	4.8yrs
Board average tenure	2.2yrs

Date	Total Compensation	Salary	Company Earnings
Mar 31 2026	n/a	n/a	US$8m
Dec 31 2025	US$528k	US$494k	US$2m
Sep 30 2025	n/a	n/a	US$477k
Jun 30 2025	n/a	n/a	US$11m
Mar 31 2025	n/a	n/a	US$1m
Dec 31 2024	US$505k	US$475k	US$22m
Sep 30 2024	n/a	n/a	-US$9m
Jun 30 2024	n/a	n/a	-US$11m
Mar 31 2024	n/a	n/a	-US$21m
Dec 31 2023	US$507k	US$475k	-US$48m
Sep 30 2023	n/a	n/a	-US$19m
Jun 30 2023	n/a	n/a	-US$28m
Mar 31 2023	n/a	n/a	-US$24m
Dec 31 2022	US$527k	US$512k	-US$17m

Name	Position	Tenure	Compensation	Ownership
L. Demerau	Executive Chairman	5.2yrs	US$512.61k	no data
Cecil Magpuri	Co-Founder	5.2yrs	US$527.63k	no data
Joanne Merrill	Chief Financial Officer	4.8yrs	US$429.06k	0.038% $ 631.1k
Simon Hirst	Chief Parks Officer of Operations & Expansion	no data	no data	no data
Anna Pollack	Vice President of Accounting & Finance	less than a year	no data	no data
Saham Ali	Chief Technology Officer	no data	no data	no data
Bruce Brown	Chief Legal Officer & Corporate Secretary	2.7yrs	US$789.45k	0.024% $ 403.1k
Toni Caracciolo	Executive Vice President of Marketing?& Branding	no data	no data	no data
Crystal Fahmie	Vice President of Operations & Human Capital	2.5yrs	no data	no data
Yvette Whittaker	Chief Corporate Officer	4.9yrs	US$1.50m	0.047% $ 783.5k
Jason Ambler	Chief Content Officer	no data	no data	no data
Daryl White	Executive Vice President of Global Licensing & Business Development	no data	no data	no data

Name	Position	Tenure	Compensation	Ownership
L. Demerau	Executive Chairman	5.2yrs	US$512.61k	no data
Cecil Magpuri	Co-Founder	5.2yrs	US$527.63k	no data
Jarrett Bostwick	Independent Director	2.7yrs	US$150.00k	0.0070% $ 117.1k
Gino Lucadamo	Independent Director	1.8yrs	US$125.00k	0.039% $ 649.4k
Marie Kim	Independent Director	less than a year	US$92.26k	0.35% $ 5.7m
Iraida De Vera	Independent Director	less than a year	no data	1.43% $ 23.8m

Data	Last Updated (UTC time)
Company Analysis	2026/06/25 09:26
End of Day Share Price	2026/06/24 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

Falcon's Beyond Global Management

Management criteria checks 3/4

Key information

Recent management updates

Falcon's Beyond Global, Inc., Annual General Meeting, Jun 09, 2026

Falcon’s Beyond Global, Inc. Appoints Iraida Que De Vera as Board Member, Effective February 17, 2026

Falcon’s Beyond Global, Inc. Appoints Saham Ali as Chief Technology Officer

Falcon’s Beyond Global, Inc. Announces Promotion of Jason Ambler as Chief Content Officer

Falcon's Beyond Global, Inc. Appoints Marie Kim to Serve on the Board of Directors, Effective from August 28, 2025

Falcon's Beyond Global, Inc., Annual General Meeting, Aug 12, 2025

Recent updates

Falcon’s Beyond Wins $18 Million Dark Ride Contracts and Sees Higher Quarterly Net Income

Falcon's Beyond Global, Inc., Annual General Meeting, Jun 09, 2026

Falcon's Beyond - Peeling The Onion

Falcon’s Beyond Global, Inc. Appoints Iraida Que De Vera as Board Member, Effective February 17, 2026

Falcon’s Beyond Global, Inc. Appoints Saham Ali as Chief Technology Officer

Would Falcon's Beyond Global (NASDAQ:FBYD) Be Better Off With Less Debt?

Falcon’s Beyond Global, Inc. Announces Promotion of Jason Ambler as Chief Content Officer

Falcon's Beyond Global, Inc. Appoints Marie Kim to Serve on the Board of Directors, Effective from August 28, 2025

Falcon's Beyond Global, Inc., Annual General Meeting, Aug 12, 2025

Falcon's Beyond Global, Inc. has withdrawn its Follow-on Equity Offering.

Falcon's Beyond Global, Inc. announced delayed annual 10-K filing

Falcon's Beyond Global, Inc. has filed a Follow-on Equity Offering in the amount of $115 million.

Falcon's Beyond Global, Inc. Appoints Gino P. Lucadamo as Audit Committee Member

Falcon's Beyond Global, Inc. Promotes Bruce A. Brown to Chief Legal Officer & Corporate Secretary

Falcon's Beyond Global, Inc. announced delayed 10-Q filing

Falcon's Beyond Global Announces Filing of 2023 Annual Report on Form 10-K and Regains Compliance with the Requirements of Nasdaq Listing Rule 5250(c)(1)

Falcon's Beyond Global Receives Notice from Nasdaq Regarding Delayed Annual Report on Form 10-K for the Fiscal Year Ended December 31, 2023

Falcon's Beyond Global, Inc. announced delayed annual 10-K filing

New major risk - Shareholder dilution

New minor risk - Market cap size

Falcon's Beyond Global, Inc., Annual General Meeting, Jun 11, 2024

Falcon's Beyond Global, Inc. Announces Resignation of Ramin Arani from the Board of Directors

New major risk - Shareholder dilution

New major risk - Shareholder dilution

Falcon's Beyond Global, Inc. announced that it has received $6 million in funding

No independent directors

Falcon's Beyond Global, LLC completed the acquisition of FAST Acquisition Corp. II (NYSE:FZT) from a group of shareholders in a reverse merger transaction.

CEO Compensation Analysis

CEO

Leadership Team

Board Members

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources