Graf Global Corp.

Graf Global Corp. shareholders approved an amendment to extend the deadline for completing an initial business combination from June 27, 2026, to September 27, 2026, with potential further extensions up to December 27, 2026. To support this, the company and its sponsor entered into non-redemption agreements with certain shareholders, covering 4,256,015 Class A ordinary shares. In exchange for not redeeming these shares, the sponsor will transfer 425,602 Founder Shares, aiming to increase funds remaining in the trust account.

Graf Global Corp. convened its Extraordinary General Meeting (EGM) on June 26, 2026, at 10:00 a.m. ET. Following shareholder approval, the meeting was adjourned and is scheduled to reconvene on the same day at 3:00 p.m. ET. The EGM's primary purpose is to seek shareholder approval for an amendment to the company's articles of association to extend the deadline for consummating an initial business combination.

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.

Graf Global Corp. (GRAF) announced a business combination agreement with Big3, a sports entertainment company operating a professional three-on-three basketball league. The transaction involves Graf re-domiciling to Delaware and then merging with a SPAC subsidiary, while Big3 will merge with another subsidiary, with Big3 continuing as a subsidiary of Pubco. The business combination is expected to close in the fourth quarter of 2026, subject to shareholder and noteholder approvals. The consideration for Big3 includes $290 million plus its cash position, with additional unvested Earnout Shares also to be issued.

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).

Graf Global Corp. (GRAF) has filed a definitive proxy statement (DEF 14A) announcing an Extraordinary General Meeting of shareholders scheduled for June 26, 2026. The primary purpose of the meeting is to vote on a proposal to extend the deadline for the company to consummate an initial business combination from June 27, 2026, to September 27, 2026, with a potential further extension up to December 27, 2026. A second proposal concerns the adjournment of the meeting if necessary. Shareholders will have the option to redeem their shares at approximately $10.83 per share if the extension is approved. The company's board recommends voting 'FOR' both proposals.

Graf Global Corp., a blank check company, reported a net income of $2.10 million for the three months ended March 31, 2026, a slight decrease from $2.17 million in the prior year, primarily driven by lower interest income from its Trust Account. The company's Trust Account balance grew to $247.74 million. However, management has identified a working capital deficit of $1.199 million and the looming mandatory liquidation date of June 27, 2026, which raises substantial doubt about the company's ability to continue as a going concern without completing a Business Combination.

Graf Global Corp. (GRAF), a blank check company, filed its 10-K detailing its status and strategy for effecting a business combination. The company completed its initial public offering on June 27, 2024, raising $230 million, which was placed into a Trust Account. GRAF has a 24-month window to complete an acquisition, leveraging its management's experience and network to identify suitable target businesses that meet specific criteria, including a fair market value of at least 80% of the Trust Account.

Graf Global Corp. received a notice from NYSE American on April 16, 2026, indicating non-compliance with listing standards due to its failure to timely file its Annual Report on Form 10-K for the year ended December 31, 2025. While there is no immediate impact on trading, the company faces potential delisting if it does not cure the filing delinquency within the initial six-month period or a possible extended period.