Falcon's Beyond Global, Inc. announced a stock dividend for its shareholders on October 1, 2024. Eligible shareholders will receive 0.2 shares of the Company’s Class A common stock for each share of Class A common stock outstanding.
The dividend is payable on December 17, 2024, to holders of record as of December 10, 2024. Holders of Class B common stock will also receive a stock dividend of 0.2 shares of Class B common stock per share outstanding.
Approximately 2.0 million shares of Class A common stock and 11.5 million shares of Class B common stock are expected to be issued in connection with this stock dividend. This action adjusts the company's equity structure.
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