Name - Apollo Strategic Growth Capital
Current Company Name: Global Village Media Address: 666 Third Avenue, New York, NY 10017
Phone Number:
Investor Relations Contact: investor@amexgbt.com
Website - https://www.amexgbt.com
Warrant Symbol: APSG.W (NYSE - Historical) APSGW
Warrants Listed:
Ratio - 1-for-1
Cusip Number - 025547 11 0
Expiry Date - May 31, 2027
Exercise Price - $11.50
Synopsis & Listing Information
Apollo Strategic Growth Capital was a SPAC sponsored by an affiliate of Apollo Global Management. It completed its merger with American Express Global Business Travel (GBTG) in one of the most significant SPAC deals of 2022.
Market Status: The warrants trade on the New York Stock Exchange. As of May 14, 2026, the common stock (GBTG) is trading at approximately $7.15.
Valuation: The warrants are currently "out of the money" compared to the $11.50 strike price. However, they remain active with approximately one year of time value remaining before their May 2027 expiration.
2026 Operational Update: On May 7, 2026, the company reported strong Q1 2026 financial results, highlighting a 12% increase in total transaction value (TTV) due to a robust recovery in managed corporate travel. The company reaffirmed its full-year 2026 guidance, expecting significant free cash flow growth.
Strategic Moves: In early 2026, the company successfully integrated its acquisition of CWT (formerly Carlson Wagonlit Travel), which management cited as a key driver for margin expansion in the current fiscal year.
Redemption Trigger: The company may redeem the warrants at $0.01 per warrant if the closing price of the common stock equals or exceeds $18.00 for any 20 trading days within a 30-trading day period.
Current Status: Active.
Current Company Name: Global Village Media Address: 666 Third Avenue, New York, NY 10017
Phone Number:
Investor Relations Contact: investor@amexgbt.com
Website - https://www.amexgbt.com
Warrant Symbol: APSG.W (NYSE - Historical) APSGW
Warrants Listed:
Ratio - 1-for-1
Cusip Number - 025547 11 0
Expiry Date - May 31, 2027
Exercise Price - $11.50
Synopsis & Listing Information
Apollo Strategic Growth Capital was a SPAC sponsored by an affiliate of Apollo Global Management. It completed its merger with American Express Global Business Travel (GBTG) in one of the most significant SPAC deals of 2022.
Market Status: The warrants trade on the New York Stock Exchange. As of May 14, 2026, the common stock (GBTG) is trading at approximately $7.15.
Valuation: The warrants are currently "out of the money" compared to the $11.50 strike price. However, they remain active with approximately one year of time value remaining before their May 2027 expiration.
2026 Operational Update: On May 7, 2026, the company reported strong Q1 2026 financial results, highlighting a 12% increase in total transaction value (TTV) due to a robust recovery in managed corporate travel. The company reaffirmed its full-year 2026 guidance, expecting significant free cash flow growth.
Strategic Moves: In early 2026, the company successfully integrated its acquisition of CWT (formerly Carlson Wagonlit Travel), which management cited as a key driver for margin expansion in the current fiscal year.
Redemption Trigger: The company may redeem the warrants at $0.01 per warrant if the closing price of the common stock equals or exceeds $18.00 for any 20 trading days within a 30-trading day period.
Current Status: Active.
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