Falcon's Beyond Global Inc. filed SEC Form 8-K: Other Events
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Item 8.01. Other Events.
On May 30, 2025, Falcon’s Beyond Global, Inc. (the “Company”), through its Producciones de Parques, S.L. (“PDP”) joint venture with Meliá Hotels International, S.A. (“Melia”), completed the sale of the Sol Tenerife Hotel to Melia and its other third-party joint venture partner. The transaction was structured as a sale of all of the shares of Tertian XXI, S.L., a wholly-owned subsidiary of PDP which owns the real estate assets comprising the resort hotel. The purchasers paid an aggregate of €70,823,684, representing the estimated purchase price for the shares of Tertian XXI, S.L., which purchase price is subject to adjustment based on the difference between estimated working capital, debt, and deferred taxes and final working capital, debt, and deferred taxes calculated following the closing. Pursuant to the terms of the PDP joint venture, the Company will receive approximately €21,000,000 in the transaction, subject to post-closing adjustments.
Cautionary Note Regarding Forward-Looking Statements
This Current Report on Form 8-K (this “Current Report”) contains statements that are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this Current Report, words such as “will” similar expressions identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from those expressed in or implied by the forward-looking statements, including the actual amount of post-closing adjustments to the purchase price, the calculation of the Company’s portion of the purchase price, and the timing of the Company’s receipt of its portion of the purchase price, along with the other risks disclosed under the caption “Risk Factors” in the Company’s most recent Annual Report on Form 10-K, and the Company’s other filings with the Securities and Exchange Commission. The forward-looking statements herein speak only as of the date of this Current Report, and the Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: June 04, 2025 |
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FALCON’S BEYOND GLOBAL, INC. |
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By: |
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/s/ Bruce A. Brown |
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Name: |
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Bruce A. Brown |
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Title: |
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Chief Legal Officer and Corporate Secretary |
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