Apollo Strategic Growth Capital in an 8-K filing today included an investor presentation highlighting its proposed merger with American Express Global Business Travel. The deal would result in a publicly-traded company with a pro forma market capitalization of $5.3 billion.
Current AMEX GBT investors are expected to roll their existing equity holdings into the combined company.
The transaction is expected to provide up to approximately $1.2 billion in gross proceeds, comprised of the SPAC’s approximately $817 million of cash in trust and an upsized $335 million fully-committed PIPE. Read more.
