Company: APO
Filing Date: 2025-09-02
Form Type: 424B7
Source: 0000950142-25-002341
Chunk: 64

Company: Apollo Global Management, Inc.
Filing Date: 2025-09-02
Form: 424B7
Chunk 64
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 to the holders of those depositary shares. The
deposit agreement will automatically terminate if:

| • | All outstanding depositary shares to which it relates have been redeemed or converted; and/or |

| • | The depositary has made a final distribution to the holders of the depositary shares issued under the deposit agreement upon our liquidation, 
 dissolution or winding up                                                                                                                     |

Miscellaneous

There will be provisions in the deposit
agreement: (1) requiring the depositary to forward to holders of record of depositary shares any reports or communications from
us which the depositary receives with respect to the shares of Preferred Stock to which the depositary shares relate; (2) regarding
compensation of the depositary; (3) regarding resignation of the depositary; (4) limiting our liability and the liability of
the depositary under the deposit agreement (usually to failure to act in good faith, gross negligence or willful misconduct); and (5) indemnifying
the depositary against certain possible liabilities.

| 29 |

<div align='center'>DESCRIPTION OF WARRANTS</div>

We may issue warrants, in one or more series,
for the purchase of equity or debt securities. We may issue warrants independently or together with any offered securities. The warrants
may be attached to or separate from those offered securities. We will issue each series of warrants under separate warrant agreements
to be entered into between us and a bank or trust company to be named in the applicable prospectus supplement, as warrant agent, all as
described in the applicable prospectus supplement. The warrant agent will act solely as our agent in connection with the warrants and
will not assume any obligation or relationship of agency or trust for or with any holders or beneficial owners of warrants.

Warrants

The warrants will be evidenced by warrant certificates.
Unless otherwise specified in the prospectus supplement, the warrant certificates may be traded separately from the debt securities or
equity securities, if any, with which the warrant certificates were issued. Warrant certificates may be exchanged for new warrant certificates
of different denominations at the office of an agent that we will appoint. Until a warrant is exercised, the holder of a warrant does
not have any of the rights of a holder of our equity or debt securities and is not entitled to any payments on any equity or debt securities
issuable upon exercise of the warrants.

The prospectus supplement relating to any warrants
that we may offer will contain the specific terms of the warrants. These terms may include the following:

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