Business: Falcon's Beyond Global 11% Series B Cumulative Convertible Preferred Stock liquidation preference $5 per share, not redeemable at the issuer's option, and with no stated maturity. <p> Cumulative distributions of 11% per annum ($0.055 per annum or $0.01375 per quarter) will be paid quarterly on 3/31, 6/30, 9/30 & 12/31 to holders of record on which shall be the 15th calendar day before such Dividend Payment Datethe or an other date fixed by the board, not more than 60 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is the record date). <p> Prior to January 1, 2027, Accrued Dividends per share of Series B Preferred Stock will be paid in the form of shares of Series B Preferred Stock equal to: the aggregate Accrued Dividends unpaid as of such Dividend Payment Date; divided by the Original Issue Price; provided that each Holder shall receive cash in lieu of fractional shares. The issuer may, with notice to Holders no later than two Business Days prior to the applicable Dividend Record Date, pay the Accrued Dividend on account of the shares of Series B Preferred Stock for such Dividend Payment Period in cash . If the payment of any dividend on the Series B Preferred Stock in Dividend Shares, in whole in part, would require the Corporation to obtain approval of its shareholders under applicable law, then, to the extent Shareholder Approval has not been obtained, the Corporation shall pay such dividend (or portion thereof) in cash. On and after January 1, 2027, all Accrued Dividends accrued after such date shall be paid in cash. <p> The eligibility of this security for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also the eligibility for the dividends received deduction for corporate holders is unknown. <p> The holder will have the right to convert their Series B Cumulative Convertible Preferred Stock into common shares. (see prospectus for more details)., if the price of the common stock exceeds $10 (adjusted as appropriate to reflect any stock splits, reverse stock splits, stock dividends) for 21 of any 30 consecutive trading days, all of the shares of Series B Preferred Stock shall automatically be converted, without any action on the part of Holders, into shares of Class A Common Stock at the applicable Conversion Rate. <p> This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of distributions and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.