Falcon’s Creative Philippines, Inc. expected to
open in early 2023 to support Falcon’s Creative Group
Falcon’s Beyond (“Falcon’s” or the “Company”),
a leading fully integrated global entertainment development company
specializing in intellectual property (IP) creation and expansion,
announced plans to expand the company’s footprint, internationally,
with a new office scheduled to open in Metro Manila in early
2023.
Falcon’s Creative Philippines, Inc. is expected to employ
approximately 20 new associates within the next quarter to support
and expand Falcon’s Creative Group, a division of Falcon’s Beyond
that provides master planning, creative design, media and audio
production, attraction systems and experiential technology to
customers around the world. The new office’s team of local talent
will include illustrators, architectural designers, modelers, and
artists, as well as media and interactive gaming designers who will
serve as an extension of the company’s Orlando-based family of
nearly 100 associates. This new international team will work on
world-class projects in the themed entertainment space.
“As someone of Filipino decent, it has been a lifelong dream of
mine, as well as my father, to open a Falcon’s office in the
Philippines and support its vast array of local talent,” said Cecil
D. Magpuri, CEO of Falcon’s Beyond. “We are excited to expand our
company’s footprint globally and build a team of passionate
storytellers and creatives to support our portfolio of high-profile
international entertainment projects.”
For more information about talent opportunities with Falcon’s
Creative Philippines, Inc., visit
www.falconscreativegroup.com/Philippines or contact the company at
careers@falconscreative.ph or via phone at +63 917 102 4754.
The Falcon’s Creative Philippines, Inc. announcement follows
other recent transformative news from Falcon’s Beyond. On July 12,
Falcon’s Beyond announced plans to become a publicly listed company
on Nasdaq through a definitive merger agreement 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.
Additional Information and Where to Find It
In connection with the proposed transaction, Falcon’s Beyond
intends to file with the U.S. Securities and Exchange Commission
(the “SEC”) a registration statement on Form S-4 (the “Registration
Statement”), which will include a proxy statement/prospectus and
certain other related documents, which will include a document that
serves as a joint prospectus of Falcon’s Beyond 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. 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
Falcon’s Beyond will also file other documents regarding the
proposed business combination with the SEC. BEFORE MAKING ANY
VOTING DECISION, FAST II’S STOCKHOLDERS AND OTHER INTERESTED
PERSONS ARE ADVISED TO READ, WHEN AVAILABLE, THE PRELIMINARY PROXY
STATEMENT/PROSPECTUS AND DOCUMENTS INCORPORATED BY REFERENCE
THEREIN FILED IN CONNECTION WITH THE BUSINESS COMBINATION, AS THESE
MATERIALS WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PARTIES TO
THE MERGER AGREEMENT AND THE PROPOSED BUSINESS COMBINATION. FAST
II’s stockholders will be able to obtain a free copy of the proxy
statement/prospectus, as well as other filings containing
information about Falcon’s Beyond and FAST II, without charge, at
the SEC’s website (http://www.sec.gov). Copies of the proxy
statement/prospectus can also be obtained, without charge, by
directing a request to FAST Acquisition Corp. II, 1350 Avenue of
the Americas, 2nd Floor, New York, NY 10019, 203-403-3763. The
documents filed by Falcon’s Beyond 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 Solicitation
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, 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 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 will be included in the Registration Statement
for the proposed business combination 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.
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
the combined company will be listed on Nasdaq, as well as the date
of the opening of the Philippines office, the number of associates
that will be employed and their support of Faclon’s Creative Group.
These statements are based on various assumptions and on the
current expectations of the Company 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,
Falcon’s ability to successfully recruit and retain qualified
personnel for its Philippines office as well as risks that the
proposed transaction will close, 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 and the potential failure to obtain an
extension of the business combination deadline if sought by FAST
II, (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 FAST II's final prospectus dated
March 15, 2021 under the heading "Risk Factors," and other
documents FAST II 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20221214005037/en/
Media: Phoebe Hicks phicks@falconsbeyond.com
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