---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-098707"
form_type: "8-K"
ticker: "GBTG"
cik: "0001820872"
company_name: "Global Business Travel Group, Inc."
filed_at: "2022-09-09T23:59:59+00:00"
generated_at: "2026-06-23T12:11:49.670339+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# GBTG offers 0.275 shares per warrant in exchange; 40.56% of public warrants already committed

## Summary
- Exchange offer for all 39.45M outstanding warrants (27.23M public, 12.22M private) at 0.275 shares per warrant, up to 10.85M shares issued.
- Expires Oct 7, 2022; holders of 40.56% of public warrants and 100% of private warrants have agreed to tender under a support agreement.
- Concurrent consent solicitation to amend warrant agreement; if approved, outstanding warrants convert into 0.2475 shares (10% less than offer).
- Amendment requires >50% of public warrants; with 40.56% already supporting, an additional ~9.44% needed for adoption.
- After exchange, Class A shares could reach ~67.8M; all warrants eliminated, simplifying capital structure.

## SEC filing metadata
- accession: 0001104659-22-098707
- form_type: 8-K
- ticker: GBTG
- cik: 0001820872
- company_name: Global Business Travel Group, Inc.
- filed_at: 2022-09-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820872/000110465922098707/0001104659-22-098707-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820872/000110465922098707/tm2225516d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-098707
- JSON: https://secwatch.observer/filing/0001104659-22-098707.json
- Plain text: https://secwatch.observer/filing/0001104659-22-098707.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.