---
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"
generated_at: "2026-05-16T22:34:02.819963+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "medium"
source: SEC EDGAR
---

# GBTG files CWT audited FY2024 and unaudited H1 2025 financials, plus pro forma combined data

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: medium
- sec_items: 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-050777
- JSON: https://secwatch.observer/filing/0001628280-25-050777.json
- Plain text: https://secwatch.observer/filing/0001628280-25-050777.txt

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