ADDED
As of March 30, 2026, there were 48,949,742 s hares of the registrant s Class A common stock, par value $0.0001 per share, and 72,292,470 sh ares of the registrant s Class B common stock, par value $0.0001 per share, issued and outstanding.
We will require additional capital to support the growth of our business.
This capital might not be available on acceptable terms, if at all, or if available may result in restrictions on our operations or substantial dilution to our stockholders.
A significant portion of FCG s and our revenue is derived from two large clients of FCG and any loss of, or decrease in services to, those clients could harm FCG s and our results of operations.
The timing of recognition of revenue from our contracted pipeline is difficult to predict with certainty and in some cases may extend over a number of fiscal years.
Our development of new sources of revenue depends on development activities that expose us to project cost and completion risks.
We operate in certain international regions that experience varying degrees of social, political, military, and economic instability.
These conditions may include civil unrest, geopolitical tensions, armed conflicts, acts of terrorism, or other disruptions that could adversely affect our operations, supply chain, workforce, or the ability of customers and partners to conduct business with us.
Any escalation of these risks in the countries where we operate could negatively impact our financial results, business continuity, and long term strategic objectives.
Changes in foreign trade policies and tariff structures, as well as the potential impacts of legal challenges related to such policies, could adversely affect our business, financial condition, and results of operations.
REMOVED
As of April 3, 2025 , there were 37,106,345 shares of the registrant s Class A common stock, par value $0.0001 per share, and 83,815,937 shares of the registrant s Class B common stock, par value $0.0001 per share, issued and outstanding.
A significant portion of FCG s and our revenue is derived from one large client of FCG and any loss of, or decrease in services to, that client could harm FCG s and our results of operations.
The significance of our operations and partnerships outside of the United States makes us susceptible to the risks of doing business internationally, which could lower our revenues, increase our costs, reduce our profits, disrupt our business, or damage our reputation.
In certain jurisdictions into which we are currently contemplating expanding, we will rely on strategic relationships with local partners in order to be able to offer and market our products and services.
If we cannot establish and maintain these relationships, our business, financial condition and results of operations could be adversely affected.
Our insurance may not be adequate to cover the potential losses, liabilities and damages of our FBD division, the cost of insurance may continue to increase materially, including as a result of natural disasters, some of which may be related to climate change, and we may not be able to secure insurance to cover all of our risks, all of which could have a material adverse effect on us.
The Warrant Exchange may result in the delisting of the Warrants from Nasdaq.
PDP Producciones de Parques, S.L., a joint venture between Falcon s and Meli QIC Qiddiya Investment Company Raging Power Raging Power Limited, a subsidiary of New World Development Company Limited Series A Preferred Stock The Company s Series A preferred stock, par value $0.0001 per share, which automatically converted into shares of Class A Common Stock on November 6, 2023 Sierra Parima Sierra Parima S.A.S., a joint venture between Falcon s and Melia Warrants The Company s warrants to purchase Class A Common Stock iv Item 1.
Description of Business Overview We are a visionary leader in innovative and immersive storytelling, sitting at the intersection of three potential high growth business opportunities, content, technology and experiences.
We create immersive entertainment experiences by designing theme parks, developing engaging content, and bringing brands to life through innovative storytelling and technology.