Company: APO
Filing Date: 2025-04-11
Form Type: S-4
Source: 0001193125-25-079161
Chunk: 58

Company: Apollo Global Management, Inc.
Filing Date: 2025-04-11
Form: S-4
Chunk 58
---
, such conditions, terms, obligations
or restrictions may delay or lead to the abandonment of the mergers. At any time before or after completion of the mergers, notwithstanding the expiration or the early termination of the applicable waiting period under the HSR Act, the FTC, the DOJ
or any state could take such action under antitrust laws as it deems necessary or desirable in the public interest, including seeking to enjoin the completion of the merger or seeking the divestiture of substantial assets of Apollo or Bridge or
their respective subsidiaries. For a more detailed description of the regulatory review process, see the section entitled “The Mergers—Regulatory Approvals Required for the Mergers” beginning on page [●].

The exchange ratios are fixed and will not be adjusted in the event of any change in either Apollo’s or Bridge’s stock price.

Upon completion of the mergers, each share of Bridge Class A common stock and each Bridge LLC Class A common unit will be converted
into the right to receive 0.07081 validly issued, fully paid and non-assessable shares of Apollo common stock (other than cancelled shares) and each share of Bridge Class B common stock will be converted
into the right to receive 0.00006 (subject to any adjustments that may be needed to ensure that the value of the consideration payable with respect to such share of Bridge Class B common stock does not exceed $0.01) validly issued, fully paid
and non-assessable shares of Apollo common stock (other than cancelled shares).

These exchange
ratios were fixed in the merger agreement and will not be adjusted for changes in the market price of either Apollo common stock or Bridge Class A common stock between the date the merger agreement was signed and completion of the mergers. Due
to the fixed exchange ratios, fluctuations in the price of Apollo common stock will drive corresponding changes in the market value of the merger consideration payable to each Bridge stockholder. As a result, changes in the price of Apollo common
stock prior to the completion of the mergers will affect the market value that Bridge stockholders will become entitled to receive on the date of the closing. Stock price changes may result from a variety of factors (many of which are beyond
Apollo’s or Bridge’s control), such as changes in Apollo’s or Bridge’s respective businesses, variations in quarterly operating results or dividends, Apollo’s strategy of taking a long-term perspective on making investment,
operational and strategic decisions, Apollo’s and Bridge’s creditworthiness