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Apollo Strategic Growth Capital II - APGB

  • Commons

    $9.80

    -0.20%

    APGB Vol: 233.7K

  • Warrants

    $1.14

    -1.62%

    APGB+ Vol: 301.0

  • Units

    $10.00

    -0.30%

    APGB= Vol: 400.0

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Rating Count: 0
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SPAC Stats

Market Cap: 676.2M
Average Volume: 180.0K
52W Range: $9.64 - $10.05
Weekly %: +0.00%
Monthly %: +0.20%
Inst Owners: 85

Info

Target: Searching
Days Since IPO: 291
Unit composition:
Each unit has an offering price of $10.00 and consists of one Class A ordinary share and one-fourth of one redeemable warrant
Trust Size: 40000000.0M

Management

Our officers, directors and director nominees are as follows: Name ​ ​ Age ​ ​ Position ​ Sanjay Patel* ​ ​ 59 ​ ​ Chief Executive Officer and Director ​ James Crossen* ​ ​ 47 ​ ​ Chief Financial Officer and Chief Accounting Officer ​ Scott Kleinman ​ ​ 47 ​ ​ Executive Chairman of Board of Directors ​ Angela Sun ​ ​ 46 ​ ​ Director ​ Melvin Parker ​ ​ 53 ​ ​ Director ​ Nathaniel Lipman ​ ​ 56 ​ ​ Director ​ ​ * Denotes an executive officer. ​ Sanjay Patel — Mr. Patel serves as our Chief Executive Officer and Director. Mr. Patel is Chairman International and Senior Partner of Private Equity of Apollo, with responsibility for helping to build and develop Apollo’s international businesses. He is currently a member of Apollo’s Management Committee and Private Equity Investment Committees and was formerly Head of Europe and managing partner of Apollo European Principal Finance. Mr. Patel is also the Chief Executive Officer and a member of the board of directors of APSG I. He currently serves on the board of directors of Tegra Apparel; he previously also served on the boards of directors of Amissima Holdings, Brit Insurance, Countrywide PLC and Watches of Switzerland. Mr. Patel joined Apollo in 2010 as Head of International Private Equity. Prior to Apollo, Mr. Patel was a partner at Goldman, Sachs & Co., where he was co-head of European and Indian Private Equity for the Principal Investment Area (PIA), a member of the Goldman Sachs Partnership Committee and a member of the Investment Committee of the Goldman Sachs Foundation. Prior thereto, he was President of Greenwich Street Capital. Mr. Patel is a member of the Harvard Graduate School of Design Dean’s Leadership Council and the Stanford Graduate School of Business Advisory Council. He also serves on the Investment Committee of the Eton College Foundation and is a member of the Eton Development Advisory Council. He received his AB and SM engineering degrees, magna cum laude, from Harvard College and received his MBA degree from the Stanford Graduate School of Business, where he was an Arjay Miller Scholar. He was educated at Eton College in the UK, where he was a King’s Scholar. We believe Mr. Patel’s extensive financial background and expertise in investing in public and private companies makes him well qualified to serve on our board of directors. James Crossen — Mr. Crossen serves as our Chief Financial Officer and Chief Accounting Officer. Mr. Crossen is the Chief Financial Officer of APSG I and Spartan II, and is Chief Financial Officer for Private Equity and Real Assets at Apollo, having joined Apollo in 2010. Prior to that time, Mr. Crossen was a Controller at Roundtable Investment Partners LLC. Prior thereto, Mr. Crossen was a Controller at Fortress Investment Group. Prior to that time, Mr. Crossen was a member of the Funds Management and Tax Group at JP Morgan Partners LLC. Mr. Crossen is a Certified Public Accountant in New York. Mr. Crossen served in the United States Marine Corps and graduated summa cum laude from the University of Connecticut. Scott Kleinman — Mr. Kleinman serves as the Executive Chairman of our board of directors. Mr. Kleinman is Co-President of Apollo Global Management, Inc., sharing responsibility for all of Apollo’s revenue-generating and investing businesses across its integrated alternative investment platform. Mr. Kleinman, who focuses on Apollo’s equity and opportunistic businesses as well as its financial institutions and insurance activities, joined Apollo in 1996, and in 2009 he was named Lead Partner for Private Equity. Mr. Kleinman currently serves on the board of directors of Athene Holding Ltd. and APSG I and previously served on the boards of directors of Vectra, Momentive Performance Materials, Hexion, Constellis Group and CH2M Hill Companies. Prior to joining Apollo, Mr. Kleinman was a member of the Investment Banking division at Smith Barney Inc. In 2014, Mr. Kleinman founded the Kleinman Center for Energy Policy at 108 TABLE OF CONTENTS the University of Pennsylvania. He is a member of the Board of Overseers at the University of Pennsylvania Stuart Weitzman School of Design. Mr. Kleinman received a BA and BS from the University of Pennsylvania and the Wharton School of Business, respectively, graduating magna cum laude, Phi Beta Kappa. We believe Mr. Kleinman’s extensive background in finance and business makes him well qualified to serve on our board of directors. Angela Sun — Ms. Sun serves as a director on our board of directors. Ms. Sun is Chief Operating Officer and Partner at Alpha Edison, a venture capital firm. She spent ten years at Bloomberg LP, serving as Global Head of Strategy and Corporate Development and as Chief-of-Staff to Bloomberg’s CEO. In her positions at Bloomberg, Ms. Sun led the company’s largest transformation effort, M&A, commercial partnerships, strategic planning, and new business developments across the media, financial products, enterprise and data businesses. Prior to joining Bloomberg LP, Ms. Sun was a Senior Policy Advisor in the Bloomberg Administration, where she oversaw a citywide portfolio of economic development agencies and led urban planning and real estate projects. Ms. Sun has also held various positions at the management consultancy McKinsey & Company, at the investment bank J.P. Morgan, and at the Henry L. Stimson Center, a non-partisan international security and defense analysis think tank. Ms. Sun graduated summa cum laude from Harvard College and holds a J.D. from Harvard Law School. Ms. Sun currently serves on the Board of Directors of The Western Union Company (NYSE:WU), Maxim Crane Works, L.P. and on a number of non-profit organizations in various capacities. We believe Ms. Sun’s leadership, transformation and growth expertise makes her well qualified to be a member of our board of directors. Melvin Parker — Mr. Parker serves as a director on our board of directors. Since December 2017, Mr. Parker has served as President and Chief Executive Officer of Take The Limits Off, LLC, a leadership development, executive coaching and business consulting firm. Mr. Parker has served as Managing Director for North America for Aggreko plc, the leading global provider of modular, mobile power and adjacent product solutions and as Senior Vice President and General Manager for Residential and Commercial Energy Solutions at Enphase Energy, Inc., a global energy technology company. Mr. Parker previously served as President of North America for the Brink’s Company, a major provider of armored transportation services in North America. Before joining Brink’s in 2012, Mr. Parker served as Vice President and General Manager of the North America Consumer and Small Business Division at Dell, Inc From 1994 until 2009, he held numerous senior leadership roles at multiple Fortune 500 Companies, including PepsiCo., Corporate Express (Staples) and Newell Rubbermaid. Mr. Parker is a decorated combat veteran and graduate of the U.S. Army Ranger and Airborne School. He served with distinction in the 82nd Airborne Division at Fort Bragg, N.C. He currently serves as an independent director for Vectrus (NYSE/VEC) and COINSTAR. Mr. Parker received a Bachelor’s degree in Computer Science from the U.S. Military Academy at West Point. We believe Mr. Parker’s extensive background in business, strategy, operations, technology and leadership management as a senior executive at a number of public companies in multiple growth industries makes him well qualified to be a member of our board of directors. Nathaniel J. Lipman — Mr. Lipman serves as a director on our board of directors. Mr. Lipman served as Executive Chairman of CX Loyalty Holdings, Inc. (FKA Affinion Group Holdings, Inc.) from 2012 until November 2015, when he stepped down from that position, but continues to be actively involved as a Senior Advisor to the CEO. Prior to being named Executive Chairman, Mr. Lipman was named President and Chief Executive Officer in October 2005, when CX Loyalty was formed through the purchase of assets from Cendant Corporation by a coalition of certain selected management from the Cendant Marketing Services Division and Apollo Management L.P. Mr. Lipman joined Cendant in June 1999 as Senior Vice President, Corporate Development and Strategic Planning. After a series of increasing responsibilities in business development and marketing, he was named President and CEO of Cendant’s domestic membership business, Trilegiant, in 2002 and named President and CEO of the Cendant Marketing Services Division in April 2004. In addition to serving as a Senior Advisor to CX Loyalty, Mr. Lipman is a Senior Advisor to FTD, LLC where he is also a member of the Board of Directors and Chairman of the Audit Committee. Mr. Lipman is also a member of the Board of Directors of Trusted Media Brands, Inc., Diamond Resorts International, Inc. and Redbox Automated Holdings, LLC. Previously, Mr. Lipman also served as a member of the Board of Directors of Evertec, Inc., Exela Technologies, Inc., Walker Digital Holdings, LLC, RDA Holdings, Inc., Novitex Enterprises, Inc., Netmarket Group, Inc., Walker Innovation, Inc., and a Special Advisor to the Chairman of the Upside Travel Group, LLC where he was a Founding Member of the Board of Managers. Mr. Lipman received his B.A. from UC Berkeley in 1986 and his Juris Doctorate from 109 TABLE OF CONTENTS UCLA in 1989. We believe Mr. Lipman’s extensive background in finance and business makes him well qualified to be a member of our board of directors. Number and Terms of Office of Officers and Directors We intend to have five directors upon completion of this offering. Our board of directors will be divided into three classes with only one class of directors being elected in each year and each class (except for those directors appointed prior to our first annual meeting of shareholders) serving a three-year term. The term of office of the first class of directors, consisting of Sanjay Patel and Scott Kleinman, will expire at our first annual meeting of shareholders. The term of office of the second class of directors, consisting of Angela Sun and Melvin Parker, will expire at the second annual meeting of shareholders. The term of office of the third class of directors, consisting of Nathaniel Lipman, will expire at the third annual meeting of shareholders. We may not hold an annual meeting of shareholders until after we consummate our initial business combination. Our officers are appointed by the board of directors and serve at the discretion of the board of directors, rather than for specific terms of office. Our board of directors is authorized to appoint persons to the offices set forth in our bylaws as it deems appropriate. Our bylaws provide that our officers may consist of a Chairman of the Board, Chief Executive Officer, President, Chief Financial Officer, Vice Presidents, Secretary, Treasurer and such other offices as may be determined by the board of directors. Director Independence The NYSE listing standards require that a majority of our board of directors be independent. An “independent director” is defined generally as a person who has no material relationship with the listed company (either directly or as a partner, shareholder or officer of an organization that has a relationship with the company). Our board of directors has determined that each of Angela Sun, Melvin Parker and Nathaniel Lipman are “independent directors” as defined in the NYSE listing standards and applicable SEC rules. Our independent directors will have regularly scheduled meetings at which only independent directors are present. Officer and Director Compensation None of our officers or directors has received any cash compensation for services rendered to us. Commencing on the date that our securities are first listed on the NYSE through the earlier of consummation of our initial business combination and our liquidation, we have agreed to pay our sponsor a total of $16,667 per month, for up to 27 months, for office space, utilities, secretarial support and administrative services. In addition, our sponsor, executive officers and directors, or any of their respective affiliates, will be reimbursed for any out-of-pocket expenses incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. Our audit committee will review on a quarterly basis all payments that were made to Apollo, our sponsor, officers or directors, or our or their affiliates. Any such payments prior to an initial business combination will be made using funds held outside the trust account. Other than quarterly audit committee review of such reimbursements, we do not expect to have any additional controls in place governing our reimbursement payments to our directors and officers for their out-of-pocket expenses incurred in connection with our activities on our behalf in connection with identifying and consummating an initial business combination. In addition, our sponsor, executive officers and directors, or any of their respective affiliates, will be reimbursed for any out-of-pocket expenses incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. After the completion of our initial business combination, directors or members of our management team who remain with us may be paid consulting, management or other fees from the combined company. All of these fees will be fully disclosed to shareholders, to the extent then known, in the proxy solicitation or tender offer materials (as applicable) furnished to our shareholders in connection with a proposed business combination. We have not established any limit on the amount of such fees that may be paid by the combined company to our directors or members of management. It is unlikely the amount of such compensation will be known at the time of the proposed business combination, because the directors of the post-combination business will be responsible for determining officer and director compensation. Any 110 TABLE OF CONTENTS compensation to be paid to our officers will be determined, or recommended to the board of directors for determination, either by a compensation committee constituted solely by independent directors or by a majority of the independent directors on our board of directors. We do not intend to take any action to ensure that members of our management team maintain their positions with us after the consummation of our initial business combination, although it is possible that some or all of our officers and directors may negotiate employment or consulting arrangements to remain with us after our initial business combination. The existence or terms of any such employment or consulting arrangements to retain their positions with us may influence our management’s motivation in identifying or selecting a target business but we do not believe that the ability of our management to remain with us after the consummation of our initial business combination will be a determining factor in our decision to proceed with any potential business combination. We are not party to any agreements with our officers and directors that provide for benefits upon termination of employment. Committees of the Board of Directors Upon the effectiveness of the registration statement of which this prospectus forms a part, our board of directors will have three standing committees: an audit committee, a compensation committee and a nominating and corporate governance committee. Subject to phase-in rules and a limited exception, the rules of the NYSE and Rule 10A of the Exchange Act require that the audit committee of a listed company be comprised solely of independent directors. Subject to phase-in rules and a limited exception, the rules of the NYSE require that the compensation and nominating and corporate governance committees of a listed company be comprised solely of independent directors. The charter of each committee will be available on our website. Audit Committee Upon the effectiveness of the registration statement of which this prospectus forms a part, we will establish an audit committee of the board of directors. Angela Sun, Melvin Parker and Nathaniel Lipman will serve as members of our audit committee. Under the NYSE listing standards and applicable SEC rules, we are required to have at least three members of the audit committee, all of whom must be independent, subject to the exception described below. Each of Angela Sun, Melvin Parker and Nathaniel Lipman are independent. Nathaniel Lipman will serve as chair of the audit committee. Each member of the audit committee is financially literate and our board of directors has determined that Nathaniel Lipman qualifies as an “audit committee financial expert” as defined in applicable SEC rules. We will adopt an audit committee charter, which will detail the principal functions of the audit committee, including: • the appointment, compensation, retention, replacement, and oversight of the work of the independent registered public accounting firm and any other independent registered public accounting firm engaged by us; ​ • pre-approving all audit and permitted non-audit services to be provided by the independent registered public accounting firm or any other registered public accounting firm engaged by us, and establishing pre-approval policies and procedures; ​ • reviewing and discussing with the independent registered public accounting firm all relationships the auditors have with us in order to evaluate their continued independence; ​ • setting clear hiring policies for employees or former employees of the independent registered public accounting firm; ​ • setting clear policies for audit partner rotation in compliance with applicable laws and regulations; ​ • obtaining and reviewing a report, at least annually, from the independent registered public accounting firm describing (i) the independent registered public accounting firm’s internal quality-control procedures and (ii) any material issues raised by the most recent internal quality-control review, or peer review, of the audit firm, or by any inquiry or investigation by governmental or professional ​ 111 TABLE OF CONTENTS authorities within the preceding five years respecting one or more independent audits carried out by the firm and any steps taken to deal with such issues; • reviewing and approving any related party transaction required to be disclosed pursuant to Item 404 of Regulation S-K promulgated by the SEC prior to us entering into such transaction; and ​ • reviewing with management, the independent registered public accounting firm, and our legal advisors, as appropriate, any legal, regulatory or compliance matters, including any correspondence with regulators or government agencies and any employee complaints or published reports that raise material issues regarding our financial statements or accounting policies and any significant changes in accounting standards or rules promulgated by the Financial Accounting Standards Board, the SEC or other regulatory authorities. ​ Compensation Committee Prior to the consummation of this offering, we will establish a compensation committee of the board of directors. Angela Sun, Melvin Parker and Nathaniel Lipman will serve as members of our compensation committee. Under the NYSE listing standards and applicable SEC rules, we are required to have at least two members of the compensation committee, all of whom must be indep

Holder Stats

1 0
% of Shares Held by All Insider 0.00%
% of Shares Held by Institutions 56.58%
% of Float Held by Institutions 56.58%
Number of Institutions Holding Shares 85

Mutual Fund Holders

Holder Shares Date Reported Value % Out
RiverNorth/DoubleLine Strategic Income Fund 200000 2021-06-29 1948000 0.29
ETF Series Solutions-Defiance Next Gen SPAC Derived ETF 23945 2021-09-29 233942 0.03

Institutional Holders

Reporting Date Hedge Fund Shares Held Market Value % of Portfolio Quarterly Change in Shares Ownership in Company
2021-11-17 Centiva Capital LP 12,995 $130,000 0.0% 0 0.015%
2021-11-16 Easterly Investment Partners LLC 10,000 $98,000 0.0% 0 0.012%
2021-11-16 CNH Partners LLC 48,300 $470,000 0.0% -36.9% 0.056%
2021-11-16 Centiva Capital LP 12,995 $130,000 0.0% 0 0.015%
2021-11-15 Berkley W R Corp 59,280 $580,000 0.0% +503.4% 0.069%
2021-11-15 Westchester Capital Management LLC 200,000 $1,950,000 0.1% 0 0.232%
2021-11-15 Hudson Bay Capital Management LP 300,380 $2,940,000 0.0% -2.2% 0.348%
2021-11-15 Penserra Capital Management LLC 23,945 $230,000 0.0% +111.6% 0.028%
2021-11-15 HBK Investments L P 750,000 $7,330,000 0.0% -1.4% 0.870%
2021-11-15 Dark Forest Capital Management LP 11,962 $120,000 0.0% 0 0.014%
2021-11-15 Highbridge Capital Management LLC 1,715,870 $16,760,000 0.4% +1.0% 1.989%
2021-11-12 Weiss Asset Management LP 234,712 $2,290,000 0.1% +139.6% 0.272%
2021-11-12 Hsbc Holdings PLC 549,600 $5,370,000 0.0% 0 0.637%
2021-11-03 Clear Harbor Asset Management LLC 14,435 $140,000 0.0% 0 0.017%
2021-11-01 Easterly Investment Partners LLC 10,000 $98,000 0.0% 0 0.012%
2021-08-16 Whitebox Advisors LLC 275,000 $2,680,000 0.1% +120.0% 0.319%
2021-08-16 CNH Partners LLC 76,595 $750,000 0.0% +118.8% 0.089%
2021-08-16 Bank of America Corp DE 300,000 $2,920,000 0.0% 0 0.348%
2021-08-16 Rivernorth Capital Management LLC 200,000 $1,950,000 0.1% 0 0.232%
2021-08-13 Qube Research & Technologies Ltd 27,615 $270,000 0.0% 0 0.032%
2021-08-13 Finepoint Capital LP 1,881,344 $18,320,000 3.4% 0 2.181%
2021-08-12 Penserra Capital Management LLC 11,316 $110,000 0.0% 0 0.013%
2021-08-12 Highbridge Capital Management LLC 1,698,536 $16,540,000 0.5% +44.3% 1.969%
2021-08-06 HighTower Advisors LLC 145,795 $1,420,000 0.0% 0 0.169%

SEC Filings

Form Type Form Description Filing Date Document Link
10-Q 10-Q 2021-11-12 https://www.sec.gov/Archives/edgar/data/1838337/000110465921138213/apgb-20210930x10q.htm
10-Q 10-Q 2021-08-12 https://www.sec.gov/Archives/edgar/data/1838337/000110465921104288/apgb-20210630x10q.htm
8-K FORM 8-K 2021-05-28 https://www.sec.gov/Archives/edgar/data/1838337/000095014221001797/eh210156256_8k-apsg2.htm
10-Q FORM 10-Q 2021-05-27 https://www.sec.gov/Archives/edgar/data/1838337/000110465921072586/apgb-20210331x10q.htm
NT 10-Q NT 10-Q 2021-05-17 https://www.sec.gov/Archives/edgar/data/1838337/000095014221001650/eh210152308_nt10q-apsg2.htm
8-K FORM 8-K 2021-04-02 https://www.sec.gov/Archives/edgar/data/1838337/000095014221001172/eh210142159_8k-apsg2.htm
SC 13G APOLLO STRATEGIC GROWTH CAPITAL II 2021-03-01 https://www.sec.gov/Archives/edgar/data/1838337/000090266421001646/p21-0835sc13g.htm
8-K FORM 8-K 2021-02-18 https://www.sec.gov/Archives/edgar/data/1838337/000110465921025318/tm216922d1_8k.htm
4 4 2021-02-17 https://www.sec.gov/Archives/edgar/data/1838337/000110465921024972/xslF345X03/a4.xml
8-K FORM 8-K 2021-02-12 https://www.sec.gov/Archives/edgar/data/1838337/000110465921022081/tm2039719d9_8k.htm
424B4 424B4 2021-02-11 https://www.sec.gov/Archives/edgar/data/1838337/000110465921020759/tm2039719-5_424b4.htm
EFFECT 2021-02-09 https://www.sec.gov/Archives/edgar/data/1838337/999999999521000522/xslEFFECTX01/primary_doc.xml
S-1MEF S-1MEF 2021-02-09 https://www.sec.gov/Archives/edgar/data/1838337/000110465921016873/tm2039719d8_s1mef.htm
3 3 2021-02-09 https://www.sec.gov/Archives/edgar/data/1838337/000110465921016828/xslF345X02/a3.xml
3 OWNERSHIP DOCUMENT 2021-02-09 https://www.sec.gov/Archives/edgar/data/1838337/000095014221000459/xslF345X02/es210129729_3-sun.xml
3 OWNERSHIP DOCUMENT 2021-02-09 https://www.sec.gov/Archives/edgar/data/1838337/000095014221000458/xslF345X02/es210129728_3-patel.xml
3 OWNERSHIP DOCUMENT 2021-02-09 https://www.sec.gov/Archives/edgar/data/1838337/000095014221000457/xslF345X02/es210129726_3-parker.xml
3 OWNERSHIP DOCUMENT 2021-02-09 https://www.sec.gov/Archives/edgar/data/1838337/000095014221000456/xslF345X02/es210129725_3-lipman.xml
3 OWNERSHIP DOCUMENT 2021-02-09 https://www.sec.gov/Archives/edgar/data/1838337/000095014221000455/xslF345X02/es210129724_3-kleinman.xml
3 OWNERSHIP DOCUMENT 2021-02-09 https://www.sec.gov/Archives/edgar/data/1838337/000095014221000454/xslF345X02/es210129720_3-crossen.xml
CERT NYSE CERTIFICATION 2021-02-09 https://www.sec.gov/Archives/edgar/data/1838337/000087666121000184/APGB020921.pdf
8-A12B 8-A12B 2021-02-08 https://www.sec.gov/Archives/edgar/data/1838337/000110465921013345/tm2039719d6_8a12b.htm
CORRESP 2021-02-05 https://www.sec.gov/Archives/edgar/data/1838337/000095014221000408/filename1.htm
CORRESP 2021-02-05 https://www.sec.gov/Archives/edgar/data/1838337/000095014221000407/filename1.htm
S-1/A S-1/A 2021-02-04 https://www.sec.gov/Archives/edgar/data/1838337/000110465921011835/tm2039719-3_s1a.htm
S-1 S-1 2021-01-06 https://www.sec.gov/Archives/edgar/data/1838337/000110465921001562/tm2039719-1_s1.htm