[SCHEDULE 13G/A] Graf Global Corp. SEC Filing

Rhea-AI Filing Summary

Barclays PLC reports in a Schedule 13G amendment that it beneficially owns 988,919 shares of Graf Global Corp Class A common stock, representing 4.29% of the class. The filing shows Barclays has sole voting and sole dispositive power over these shares.

The filing states the position is held in the ordinary course of business and not for the purpose of changing or influencing control of Graf Global. It also identifies Barclays Bank PLC as a related subsidiary. This disclosure reflects a passive stake below the 5% threshold and does not indicate an intent to exert control.

Insights

Financial Analyst

TL;DR: Barclays holds a passive 4.29% stake (988,919 shares) in Graf Global; disclosure is routine and non-control.

The Schedule 13G/A reports a 4.29% beneficial interest with sole voting and dispositive power, which is significant enough to require public disclosure but remains below the 5% control threshold. The filer certifies the position is held in the ordinary course of business and not to influence control, consistent with a passive investor profile. For market participants, this is transparency on ownership without an active governance signal.

Corporate Governance Expert

TL;DR: Passive ownership disclosed; identifies related subsidiary but shows no control intent.

The filing names Barclays PLC as the reporting person and references Barclays Bank PLC as an identified subsidiary, useful for ownership mapping. Because the stake is below 5% and the certification denies any purpose to change control, there are no immediate governance implications or triggers for takeover defense or board engagement. This remains a disclosure-level item rather than a governance action.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

GRAF GLOBAL CORP-CL A

(Name of Issuer)

COMMON-STOCK

(Title of Class of Securities)

G4036C106

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G4036C106

1

Names of Reporting Persons

Barclays PLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 988,919.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 988,919.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

988,919.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.29 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: GRAF GLOBAL CORP-CL A
(b)	Address of issuer's principal executive offices: 1790 Hughes Landing Blvd., Suite 400
Item 2.
(a)	Name of person filing: Barclays PLC
(b)	Address or principal business office or, if none, residence: 1 Churchill Place, London - E14 5HP
(c)	Citizenship: X0
(d)	Title of class of securities: COMMON-STOCK
(e)	CUSIP No.: G4036C106
Item 4.	Ownership
(a)	Amount beneficially owned: 988919
(b)	Percent of class: 4.29 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 988919
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 988919
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Barclays Bank PLC
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Barclays PLC

Signature:	Ramya Rao
Name/Title:	Director
Date:	08/12/2025

FAQ

How many Graf Global (GRAF) shares does Barclays own?

Barclays PLC reports beneficial ownership of 988,919 shares of Graf Global Class A common stock.

What percentage of GRAF does Barclays own?

The filing reports a stake representing 4.29% of the Class A common stock.

Does Barclays have voting or disposal power over these shares?

Yes. The filing shows Barclays has sole voting power and sole dispositive power for the 988,919 shares and no shared power.

Is the Barclays stake intended to influence control of Graf Global?

No. The certification states the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer.

Which Barclays entity is identified in the filing as related?

The filing identifies Barclays Bank PLC as the subsidiary relevant to the parent holding company disclosure.

What form was filed for this disclosure?

The disclosure was made on a Schedule 13G/A (an amendment to Schedule 13G) reporting beneficial ownership.