Graf Global Corp. filings show Fort Baker Capital Management LP, Steven Patrick Pigott and Fort Baker Capital, LLC jointly report beneficial ownership of 1,496,519 Class A ordinary shares, representing 6.5% of the class.
The percentage was calculated using the issuer's stated 23,000,000 Class A shares outstanding as of May 11, 2026. The reporting persons state shared voting and shared dispositive power over the listed shares.
Positive
None.
Negative
None.
Insights
Large holder disclosure: Fort Baker reports a 6.5% stake in Graf Global.
Fort Baker Capital Management LP and affiliated reporting persons disclose beneficial ownership of 1,496,519 shares, shown with shared voting and dispositive power. This filing updates public ownership records and signals a visible institutional stake.
Capital markets will track any future Schedule 13D changes or open-market activity; subsequent filings would clarify intent or changes in voting/disposition power.
Filing appears routine and consistent with Schedule 13G reporting.
The Schedule 13G identifies the reporting persons, their address, citizenship, CUSIP (G4036C106) and the basis for percentage calculation (issuer's 10-K disclosure of 23,000,000 outstanding shares as of May 11, 2026). Signatures dated 05/15/2026 are included.
Continue to watch for any conversion to Schedule 13D or Form 4s which would indicate active changes in intent or transactions.
Key Figures
Reported holdings:1,496,519 sharesPercent of class:6.5%Shares outstanding:23,000,000 shares+2 more
5 metrics
Reported holdings1,496,519 sharesClass A ordinary shares beneficially owned
Percent of class6.5%Percent of Class A ordinary shares beneficially owned
Shares outstanding23,000,000 sharesClass A shares outstanding as of May 11, 2026
CUSIPG4036C106Graf Global Class A Ordinary Shares identifier
Signature date05/15/2026Date signatures were provided on the Schedule 13G
"Fort Baker Capital Management LP directly holds 1,496,519 Class A ordinary shares"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Shared Dispositive Powerregulatory
"Shared Dispositive Power 1,496,519.00"
Schedule 13Gregulatory
"Item 1. (a) Name of issuer: Graf Global Corp."
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Graf Global Corp.
(Name of Issuer)
Class A Ordinary Shares, par value $0.0001 per share
(Title of Class of Securities)
G4036C106
(CUSIP Number)
03/31/2026
(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)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
G4036C106
1
Names of Reporting Persons
Fort Baker Capital Management LP
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
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,496,519.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,496,519.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,496,519.00
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)
6.5 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP Number(s):
G4036C106
1
Names of Reporting Persons
Steven Patrick Pigott
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 STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,496,519.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,496,519.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,496,519.00
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)
6.5 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
CUSIP Number(s):
G4036C106
1
Names of Reporting Persons
Fort Baker Capital, LLC
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
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,496,519.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,496,519.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,496,519.00
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)
6.5 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Graf Global Corp.
(b)
Address of issuer's principal executive offices:
1790 HUGHES LANDING BOULEVARD, SUITE 400, THE WOODLANDS, TEXAS, 77380.
Item 2.
(a)
Name of person filing:
Fort Baker Capital Management LP
Steven Patrick Pigott
Fort Baker Capital, LLC
(b)
Address or principal business office or, if none, residence:
The principal business address of each reporting person is 700 Larkspur Landing Circle, Suite 275, Larkspur, CA 94939.
(c)
Citizenship:
Fort Baker Capital Management LP: Delaware Limited Partnership
Steven Patrick Pigott: Citizen of the United States
Fort Baker Capital, LLC: Delaware Limited Liability Company
(d)
Title of class of securities:
Class A Ordinary Shares, par value $0.0001 per share
(e)
CUSIP Number(s):
G4036C106
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Reference is hereby made to Items 5-9 of this Schedule, which Items are incorporated by reference herein.
Fort Baker Capital Management LP directly holds 1,496,519 Class A ordinary shares. Steven Patrick Pigott acts as Limited Partner/Chief Investment Officer for Fort Baker Capital Management LP. Fort Baker Capital, LLC acts as General Partner for Fort Baker Capital Management LP.
The Reporting Persons are filing this Schedule 13G jointly, but not as members of a group, and each disclaims membership in a group. Each also disclaims beneficial ownership of the securities reported herein except to the extent of that person's pecuniary interest therein.
The calculation of percentage of beneficial ownership in Item 11 was derived from the Issuer's annual report on Form 10-K filed with the Securities and Exchange Commission on May 11, 2026, in which the Issuer stated that the number of Class A ordinary shares outstanding was 23,000,000 as of May 11, 2026.
(b)
Percent of class:
Fort Baker Capital Management LP: 6.5%
Steven Patrick Pigott: 6.5%
Fort Baker Capital, LLC: 6.5%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Fort Baker Capital Management LP: 0
Steven Patrick Pigott: 0
Fort Baker Capital, LLC: 0
(ii) Shared power to vote or to direct the vote:
Fort Baker Capital Management LP: 1,496,519
Steven Patrick Pigott: 1,496,519
Fort Baker Capital, LLC: 1,496,519
(iii) Sole power to dispose or to direct the disposition of:
Fort Baker Capital Management LP: 0
Steven Patrick Pigott: 0
Fort Baker Capital, LLC: 0
(iv) Shared power to dispose or to direct the disposition of:
Fort Baker Capital Management LP: 1,496,519
Steven Patrick Pigott: 1,496,519
Fort Baker Capital, LLC: 1,496,519
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
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.
Not Applicable
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.
What stake does Fort Baker Capital hold in Graf Global (GRAF)?
Fort Baker Capital Management LP and affiliated filers report beneficial ownership of 1,496,519 Class A shares, equal to 6.5% of the class. The percentage uses Graf Global's stated 23,000,000 shares outstanding as of May 11, 2026.
Who are the reporting persons on the Schedule 13G for GRAF?
The filing lists Fort Baker Capital Management LP, Steven Patrick Pigott and Fort Baker Capital, LLC with a shared principal business address of 700 Larkspur Landing Circle, Suite 275, Larkspur, CA.
How is voting and dispositive power reported for the 1,496,519 shares?
The Schedule 13G shows 0 sole voting or dispositive power and 1,496,519 shares of shared voting power and shared dispositive power for each reporting person, reflecting joint control rather than individual sole control.
What source did the filers use to calculate the 6.5% figure?
The calculation references Graf Global's annual report on Form 10-K filed May 11, 2026, which stated 23,000,000 Class A ordinary shares outstanding; that outstanding count is the anchor for the 6.5% figure.
When were the signatures on the Schedule 13G dated?
All reported signatures are dated 05/15/2026, with Steven Patrick Pigott signing as Chief Investment Officer for the reporting entities.
