The series will bring to life characters from
its popular Katmandu theme parks and games
Following the grand opening of Katmandu Park | Punta Cana, the
Caribbean’s first world-class theme park, Falcon’s Beyond
(“Falcon’s” or the “Company”), a fully integrated global
entertainment development company specializing in intellectual
property (IP) creation and expansion, today announced its first
animated series is now in development.
The preschool show features Boro the Yeti™, one of the breakout
characters first introduced at the original Katmandu™ theme park in
Mallorca, Spain, and a group of fun-loving, mischievous young
yetis. In this mission-oriented show, the young yetis go on
adventures across Katmandu. Helping them are Kilgore Goode™ and
Busby the Robot™, also from the Katmandu franchise, who provide the
young yetis with all the tech they need to complete their missions.
Their headquarters is in the iconic upside-down house as seen in
the Katmandu theme parks. Additional details, including the series’
distribution partner, creative team and title will be unveiled in
the coming months.
“Yetis have quickly become beloved by visitors of our Katmandu
theme parks, especially our youngest guests, so when we started to
explore new entertainment concepts, we all agreed yetis were
perfect leads for our first preschool series,” said Cecil D.
Magpuri, Falcon’s Beyond CEO. “With the recent opening of Katmandu
Park in the Dominican Republic receiving tremendous fanfare, our
consumer products program, digital games, and now our first series
in development, we are proud to see our 360-degree approach to
expanding IP come to life.”
This series’ announcement follows other recent transformative
news from Falcon’s Beyond, including the recent appointment of
accomplished entertainment industry executive Simon Philips as the
Company’s president. In his previous roles, Philips visionary
approach to brand building helped shape the strategic direction of
some of the world’s most iconic franchises, including Disney,
Pixar, Star Wars, Marvel, Pokémon, Teenage Mutant Ninja Turtles,
Yu-Gi-Oh, and most recently CoComelon.
Last year, Falcon’s Beyond announced plans to become a publicly
listed company through a business combination with FAST Acquisition
Corp. II (“FAST II”) (NYSE: FZT), a special purpose acquisition
company founded by Doug Jacob and headed by Sandy Beall. 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.” More information about the
transaction can be found in the Investor Relations section of
Falcon’s website.
About Falcon’s Beyond
Headquartered in Orlando, Florida, Falcon's Beyond is a fully
integrated, top-tier experiential entertainment development
enterprise focusing on a 360° IP Expander model. The Company brings
its own proprietary and partner IPs to global markets through owned
and operated theme parks, resorts, attractions, patented
technologies, feature films, episodic series, consumer products,
licensing, and beyond. The Company has won numerous design awards
and provided design services in 27 countries around the world,
turning imagined worlds into reality.
FALCON'S BEYOND, KATMANDU, and its related trademarks are owned
by Falcon’s Beyond.
Additional Information and Where to Find It
In connection with the proposed business combination, Falcon’s
Beyond Global, Inc. (“Pubco”) has filed with the U.S. Securities
and Exchange Commission (the “SEC”) a registration statement on
Form S-4 (the “Registration Statement”), which includes a document
that serves as a joint prospectus of Pubco and proxy statement of
FAST II, referred to as a proxy statement/prospectus. A proxy
statement/prospectus will be sent to all FAST II shareholders after
the Registration Statement is declared effective by the SEC. No
offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the Securities
Act of 1933, as amended, or an exemption therefrom. FAST II and
Pubco will also file other documents regarding the proposed
business combination with the SEC. BEFORE MAKING ANY VOTING
DECISION, INVESTORS AND SECURITY HOLDERS OF FAST II ARE URGED TO
READ THE REGISTRATION STATEMENT, THE PROXY STATEMENT/PROSPECTUS AND
ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE
SEC IN CONNECTION WITH THE PROPOSED BUSINESS COMBINATION AS THEY
BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION
ABOUT THE PROPOSED BUSINESS COMBINATION.
Investors and security holders can obtain free copies of the
Registration Statement, and will be able to obtain free copies of
amendments to the registration statement, the proxy
statement/prospectus and all other relevant documents filed or that
will be filed with the SEC by FAST II or Pubco through the website
maintained by the SEC at www.sec.gov. The documents filed by FAST
II with the SEC also may be obtained free of charge upon written
request to 109 Old Branchville Road Ridgefield, CT 06877. The
documents filed by Pubco with the SEC may also be obtained free of
charge upon written request to 6996 Piazza Grande Avenue, Suite
301, Orlando, FL 32835.
Participants in the Solicitations
FAST II and its directors and executive officers may be deemed
participants in the solicitation of proxies from FAST II’s
stockholders with respect to the proposed business combination. A
list of the names of those directors and executive officers and a
description of their interests in FAST II is contained in FAST II’s
final prospectus related to its initial public offering dated March
15, 2021 and the Registration Statement, each of which was filed
with the SEC and is available free of charge at the SEC’s website
at www.sec.gov. Additional information regarding the interests of
such participants will be contained in amendments to the
Registration Statement for the proposed business combination when
available.
The Company and its directors and executive officers may also be
deemed to be participants in the solicitation of proxies from the
stockholders of FAST II in connection with the proposed business
combination. A list of the names of such directors and executive
officers and information regarding their interests in the proposed
business combination is included in the Registration Statement,
which was filed with the SEC and is available free of charge at the
SEC’s website at www.sec.gov. Additional information regarding the
interests of such participants will be included in amendments to
the Registration Statement for the proposed business combination
when available.
No Offer or Solicitation
This press release is for informational purposes only and shall
not constitute a solicitation of a proxy, consent or authorization
with respect to any securities or in respect of the proposed
business combination and shall not constitute an offer to sell or a
solicitation of an offer to buy any securities, nor shall there be
any sale of securities in any state or jurisdiction in which such
offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of such
state or jurisdiction. No offering of securities shall be made
except by means of a prospectus meeting the requirements of Section
10 the Securities Act of 1933, as amended, or an exemption
therefrom.
Caution About Forward-Looking Statements
This press release includes certain statements that are not
historical facts but are forward-looking statements for purposes of
the safe harbor provisions under the United States Private
Securities Litigation Reform Act of 1995. Forward-looking
statements generally are accompanied by words such as “believe,”
“may,” “will,” “estimate,” “continue,” “anticipate,” “intend,”
“expect,” “should,” “would,” “plan,” “predict,” “potential,”
“seem,” “seek,” “future,” “outlook,” and similar expressions that
predict or indicate future events or trends or that are not
statements of historical matters.
These forward-looking statements include, but are not limited
to, the expectation that the proposed transaction will occur and
Pubco will be listed on Nasdaq and Falcon’s Beyond’s plans to
develop its animated series. These statements are based on various
assumptions and on the current expectations of the Company, Pubco
and FAST II and are not predictions of actual performance. These
forward-looking statements are provided for illustrative purposes
only and are not intended to serve as and should not be relied on
by an investor or others as, a guarantee, an assurance, a
prediction, or a definitive statement of fact or probability.
Actual events and circumstances are difficult or impossible to
predict and will differ from assumptions. Many actual events and
circumstances are beyond the control of Falcon’s Beyond and FAST
II. These forward-looking statements are subject to a number of
risks and uncertainties, including, but not limited to, the
likelihood of which could be adversely affected by (1) changes in
domestic and foreign business, market, financial, political, and
legal conditions in general and in the entertainment industry in
particular; (2) the outcome of any legal proceedings that may be
instituted against FAST II, Falcon’s Beyond or Pubco following the
announcement of the proposed business combination; (3) the
inability of the parties to successfully or timely consummate the
proposed business combination, including the risk that any
regulatory approvals or the SEC’s declaration of the effectiveness
of our prospectus/proxy statement are not obtained, are delayed or
are subject to unanticipated conditions that could adversely affect
Falcon’s Beyond or the expected benefits of the proposed
transaction or that the approval of the requisite equity holders of
FAST II is not obtained; (4) the occurrence of any event, change or
other circumstance that could give rise to the termination of the
merger agreement; (5) volatility in the price of FAST II’s or
Falcon’s Beyond’s securities; (6) the risk that the proposed
business combination disrupts current plans and operations as a
result of the announcement and consummation of the business
combination; (7) the enforceability of Falcon’s Beyond’s
intellectual property, including its patents, and the potential
infringement on the intellectual property rights of others, cyber
security risks or potential breaches of data security; (8) any
failure to realize the anticipated benefits of the proposed
transaction; (9) risks relating to the uncertainty of the projected
financial information with respect to Falcon’s Beyond; (10) risks
related to the rollout of Falcon’s Beyond's business and the timing
of expected business milestones; (11) the effects of competition on
Falcon’s Beyond's business; (12) the risk that the proposed
business combination may not be completed by FAST II’s business
combination deadline; (13) the amount of redemption requests made
by FAST II's stockholders; (14) the ability of FAST II or Falcon’s
Beyond to issue equity or equity-linked securities or obtain debt
financing in connection with the proposed transaction or in the
future; (15) and those factors discussed in the Registration
Statement and FAST II's final prospectus dated March 15, 2021 under
the heading "Risk Factors," and other documents FAST II or Pubco
has filed, or will file, with the SEC. If any of these risks
materialize or our assumptions prove incorrect, actual results
could differ materially from the results implied by these
forward-looking statements. There may be additional risks that
neither FAST II nor Falcon’s Beyond presently know, or that FAST II
or Falcon’s Beyond currently believe are immaterial, that could
also cause actual results to differ from those contained in the
forward-looking statements. In addition, the forward-looking
statements reflect FAST II's and Falcon’s Beyond's expectations,
plans, or forecasts of future events and views as of the date of
this press release. FAST II and Falcon’s Beyond anticipate that
subsequent events and developments will cause FAST II's and
Falcon’s Beyond's assessments to change. However, while FAST II and
Falcon’s Beyond may elect to update these forward-looking
statements at some point in the future, FAST II and Falcon’s Beyond
specifically disclaim any obligation to do so. These
forward-looking statements should not be relied upon as a
representation of FAST II's and Falcon’s Beyond's assessments as of
any date subsequent to the date of this press release. Accordingly,
undue reliance should not be placed upon the forward-looking
statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230412005219/en/
Media: DKC Public Relations Falcons@dkcnews.com
Investor Relations: Brett Milotte, ICR
FalconsBeyondIR@icrinc.com
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