DealsJun 12, 2026, 09:26 AM
Graf Global Corp. to Combine with BIG3 Basketball League
AI Summary
Graf Global Corp. (GRAF) and BIG3 HoldCo LLC (BIG3) have entered into a definitive agreement for a business combination, which will result in BIG3 becoming a publicly traded company named Big3 Basketball Holdings, Inc. The transaction values BIG3 at $290 million pre-money and is expected to close in Q4 2026, subject to customary conditions including GRAF shareholder approval for an extension and minimum trust account proceeds. The combined company will be led by BIG3's current management, including co-founder O'Shea Jackson (Ice Cube).
Key Highlights
- Graf Global Corp. (GRAF) and BIG3 HoldCo LLC (BIG3) announce definitive agreement for a business combination.
- The combined company will be named Big3 Basketball Holdings, Inc. and is expected to list on NYSE American, NYSE, or Nasdaq under ticker "TONT".
- Transaction values BIG3 at $290 million on a pre-money basis, before potential earnouts.
- Closing is subject to $50 million minimum net cash proceeds from GRAF's trust account and GRAF shareholder approval of an extension by June 27, 2026.
- BIG3's management team, including co-founder O'Shea Jackson (Ice Cube), will lead the combined company.
- The transaction is expected to close in the fourth quarter of 2026.
Price Impact
More from GRAF