{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-25-050777","form_type":"8-K/A","ticker":"GBTG","cik":"0001820872","company_name":"Global Business Travel Group, Inc.","filed_at":"2025-11-10T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.610262+00:00","generated_at":"2026-05-16T22:34:02.819963+00:00","sec_items":["9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"medium","headline":"GBTG files CWT audited FY2024 and unaudited H1 2025 financials, plus pro forma combined data","bullets":["CWT audited 2024 revenue and H1 2025 unaudited statements provided as Exhibits 99.1 and 99.2.","Pro forma condensed combined balance sheet and income statement for FY2024 and H1 2025 filed as Exhibit 99.3.","Deal value approx. $540M enterprise / $470M equity; GBTG to issue ~50M shares at $7.50 + ~$70M cash.","Transaction closed Sept 2, 2025, subject to regulatory clearances including HSR and CFIUS.","CWT recapitalized Nov 2023: FILO loans exchanged for second-lien term loans and equity."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-25-050777","json":"https://secwatch.observer/filing/0001628280-25-050777.json","markdown":"https://secwatch.observer/filing/0001628280-25-050777.md","text":"https://secwatch.observer/filing/0001628280-25-050777.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1820872/000162828025050777/0001628280-25-050777-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1820872/000162828025050777/gbtg-20251110.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T22:34:02.819963+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}