Company: APO
Filing Date: 2025-09-02
Form Type: 424B7
Source: 0000950142-25-002341
Chunk: 66

Company: Apollo Global Management, Inc.
Filing Date: 2025-09-02
Form: 424B7
Chunk 66
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certificate, we will issue a new warrant certificate for the remaining warrants.

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<div align='center'>DESCRIPTION OF SUBSCRIPTION RIGHTS</div>

We may issue subscription rights to purchase
shares of Common Stock, shares of Preferred Stock or other securities. These subscription rights may be issued independently or together
with any other security offered by us and may or may not be transferable by the securityholder receiving the subscription rights in such
offering. In connection with any offering of subscription rights, we may enter into a standby arrangement with one or more underwriters
or other purchasers pursuant to which the underwriters or other purchasers may be required to purchase any securities remaining unsubscribed
for after such offering.

The applicable prospectus supplement will describe
the specific terms of any offering of subscription rights for which this prospectus is being delivered, including the following:

| • | the price, if any, for the subscription rights; |

| • | the exercise price payable for each share of Common Stock, share of Preferred Stock or other security upon the exercise of the subscription 
 right;                                                                                                                                      |

| • | the number of subscription rights issued to each securityholder; |

| • | the number and terms of each share of Common Stock, share of Preferred Stock or other security that may be purchased per each subscription 
 right;                                                                                                                                     |

| • | any provisions for adjustment of the number or amount of securities receivable upon exercise of the subscription rights or the exercise 
 price of the subscription rights;                                                                                                       |

| • | the extent to which the subscription rights are transferable; |

| • | any other terms of the subscription rights, including the terms, procedures and limitations relating to the exchange and exercise 
 of the subscription rights;                                                                                                       |

| • | the date on which the right to exercise the subscription rights shall commence, and the date on which the subscription rights shall 
 expire;                                                                                                                             |

| • | the extent to which the subscription rights may include an over-subscription privilege with respect to unsubscribed securities; and |

| • | if applicable, the material terms of any standby underwriting or purchase arrangement entered into by us in connection with the offering 
 of subscription rights.                                                                                                                  |

The description in the applicable prospectus
supplement of any subscription rights we offer will not necessarily be complete and will be qualified in its entirety by reference to
the applicable subscription rights certificate or subscription rights agreement, which will be filed with the SEC if we offer subscription
rights. For more information on how you can obtain copies of any