GBTG Files 8-K on Jan 12, Confirming NYSE Listing
Ticker: GBTG · Form: 8-K · Filed: Jan 12, 2024
Complexity: simple
Sentiment: neutral
Topics: regulatory-filing, corporate-governance, stock-listing
TL;DR
**GBTG filed an 8-K, confirming its NYSE listing and regulatory compliance.**
AI Summary
Global Business Travel Group, Inc. (GBTG) filed an 8-K on January 12, 2024, reporting an "Other Event" that occurred on January 11, 2024. This filing indicates that the company's Class A common stock, with a par value of $0.0001 per share, is registered on The New York Stock Exchange under the trading symbol GBTG. This matters to investors as it confirms the company's continued compliance with SEC regulations and its listing on a major exchange, providing liquidity and transparency for shareholders.
Why It Matters
This filing confirms Global Business Travel Group's ongoing compliance with SEC reporting requirements and its continued listing on the NYSE, which is crucial for investor confidence and stock liquidity.
Risk Assessment
Risk Level: low — This filing is routine and indicates compliance, posing no immediate risk to investors.
Analyst Insight
A smart investor would note this routine filing as confirmation of ongoing regulatory compliance and market listing, which are foundational for investment, but it doesn't present new actionable financial information.
Key Numbers
- $0.0001 — Par value per share (The stated par value of Global Business Travel Group, Inc.'s Class A common stock.)
Key Players & Entities
- Global Business Travel Group, Inc. (company) — the registrant filing the 8-K
- The New York Stock Exchange (company) — the exchange where GBTG's stock is registered
- $0.0001 (dollar_amount) — par value per share of Class A common stock
- GBTG (company) — trading symbol for Global Business Travel Group, Inc.
FAQ
What was the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing was January 11, 2024.
What is the trading symbol for Global Business Travel Group, Inc. on The New York Stock Exchange?
The trading symbol for Global Business Travel Group, Inc. on The New York Stock Exchange is GBTG.
What is the par value per share of Global Business Travel Group, Inc.'s Class A common stock?
The par value per share of Global Business Travel Group, Inc.'s Class A common stock is $0.0001.
What is the address of Global Business Travel Group, Inc.'s principal executive offices?
The address of Global Business Travel Group, Inc.'s principal executive offices is 666 3rd Avenue, 4th Floor, New York, New York 10017.
Under which section of the Securities Exchange Act of 1934 is this current report filed?
This current report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 1,453 words · 6 min read · ~5 pages · Grade level 13.9 · Accepted 2024-01-12 17:27:53
Key Financial Figures
- $0.0001 — ed Class A common stock, par value of $0.0001 per share GBTG The New York Stock E
Filing Documents
- tm2333339d1_8k.htm (8-K) — 37KB
- tm2333339d1_ex10-1.htm (EX-10.1) — 681KB
- tm2333339d1_ex10-2.htm (EX-10.2) — 48KB
- 0001104659-24-003770.txt ( ) — 1055KB
- gbtg-20240111.xsd (EX-101.SCH) — 3KB
- gbtg-20240111_lab.xml (EX-101.LAB) — 33KB
- gbtg-20240111_pre.xml (EX-101.PRE) — 22KB
- tm2333339d1_8k_htm.xml (XML) — 3KB
01. Other Events
Item 8.01. Other Events. Global Business Travel Group, Inc. (f/k/a Apollo Strategic Growth Capital) (the " Company ") and GBT JerseyCo Limited, a subsidiary of the Company (" JerseyCo "), the Company, JerseyCo, Juweel Investors (SPC) Limited (" Juweel "), American Express Travel Holdings Netherlands Coperatief U.A. and EG Corporate Travel Holdings LLC (" Expedia Stockholder ") previously entered into a Shareholders Agreement, dated as of May 27, 2022 (as further clarified by those certain letters dated November 17, 2022, and July 10, 2023, the " Shareholders Agreement "). Juweel has since distributed all of its equity interests in the Company and JerseyCo to its equityholders, including Q.H. Travel L.P. (" QIA Holder "). On January 11, 2024, the Company entered into an amended and restated Shareholders Agreement (the " Amended and Restated Shareholders Agreement ") with JerseyCo, Juweel, American Express International, Inc. (" Amex Stockholder "), Expedia Stockholder and QIA Holder, pursuant to which, among other things, Juweel was removed as a party to the Shareholders Agreement and QIA Holder was made subject to certain obligations and provided with certain rights previously provided to Juweel, certain of which are summarized below. The Company agreed with each of Amex Stockholder, Expedia Stockholder and QIA Holder (on a several basis), to take all necessary action within its control to cause the Board of Directors of the Company (the " Board ") to have 11 directors, consisting of the Chief Executive Officer, two Amex Stockholder nominees, two QIA Holder nominees, one Expedia nominee, one nominee of APSG Sponsor, L.P. (the " Sponsor ") , and, for so long as the director designated by the Sponsor is serving on the Board, four independent nominees, nominated by the Board's nominating and governance committee, and, following the conclusion of the Sponsor designee's service on the Board, five such independent nominees. If Amex Stockholder or QIA Holder ceases to
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.1 Amended and Restated Shareholders Agreement, dated as of January 11, 2024, by and among Global Business Travel Group, Inc., GBT JerseyCo Limited, American Express International, Inc., EG Corporate Travel Holdings LLC, QH Travel L.P. and Juweel Investors (SPC) Limited. 10.2 Letter Agreement, dated as of January 11, 2024, by and among Global Business Travel Group, Inc., GBT JerseyCo Limited, American Express International, Inc., EG Corporate Travel Holdings LLC, QH Travel L.P., Juweel Investors (SPC) Limited and the Specified Juweel Investors (as defined therein). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). Certain of the exhibits and schedule to this Exhibit have been omitted in accordance with Regulation S-K Item 601(a)(5). The registrant agrees to furnish supplementally a copy of all omitted exhibits and schedules to the SEC upon its request. Certain portions of these Exhibits have been omitted in accordance with Regulation S-K Item 601 because they are both (i) not material to investors and (ii) the type of information that the registrant customarily and actually treats as private or confidential, and have been marked with [***]'' to indicate where omissions have been made. The registrant agrees to furnish supplementally an unredacted copy of the Exhibit to the SEC upon its request.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Global Business Travel Group, Inc. By: /s/ Eric J. Bock Name: Eric J. Bock Title: Chief Legal Officer, Global Head of M&A and Compliance and Corporate Secretary Date: January 12, 2024