Corporate ActionJun 18, 2026, 04:42 PM
Graf Global Sponsor Converts 5.75M Class B Shares to Class A
AI Summary
Graf Global Sponsor LLC and certain members of the board of directors irrevocably exercised their right to convert an aggregate of 5,749,999 Class B ordinary shares into an equal number of Class A ordinary shares. This conversion was conducted on a one-for-one basis as per the company's Amended and Restated Memorandum and Articles of Association. Following this action, Graf Global Corp. now has 28,749,999 Class A Ordinary Shares and 1 Class B Ordinary Share issued and outstanding.
Key Highlights
- Graf Global Sponsor LLC and certain directors converted 5,749,999 Class B ordinary shares.
- The conversion was on a one-for-one basis into Class A ordinary shares.
- Following the conversion, 28,749,999 Class A ordinary shares are issued and outstanding.
- Only 1 Class B ordinary share remains issued and outstanding, held by the Sponsor.
- The issuance of Class A shares was not registered under the Securities Act of 1933, relying on Section 3(a)(9).
- The newly issued Class A shares are subject to the same transfer and redemption waiver restrictions.
Price Impact
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