Graf Global Corp.'s board extended the deadline to complete a business combination from September 27, 2026, to October 27, 2026, an additional month.
Graf Global Corp. (TONT) filed a merger-related communication highlighting an interview where BIG3 executive O'Shea Jackson (“Ice Cube”) discussed BIG3’s progress toward becoming a publicly traded professional sports league in connection with the previously announced business combination among Graf Global Corp., BIG3 HoldCo LLC and Halfcourt Holdco, Inc.
The communication directs investors to an upcoming registration statement on Form S-4 and related proxy materials that will describe the transaction in detail, explains that the parties may be deemed participants in a proxy solicitation, and includes extensive forward-looking statement and no-offer-or-solicitation disclaimers.
Graf Global Corp. (TONT) released a communication under merger proxy and Securities Act rules highlighting an interview with O’Shea Jackson (Ice Cube), an executive officer of BIG3 HoldCo LLC, about BIG3’s development and its plan to become a publicly traded professional sports league in connection with the previously announced business combination with Graf Global Corp. and Halfcourt Holdco, Inc.
The communication reiterates that the parties plan to file a Form S-4 Registration Statement, which will include a proxy statement/prospectus to be mailed to Graf Global shareholders for their vote on the proposed business combination, and directs investors to review SEC filings for detailed information and risk factors.
Graf Global Corp. (TONT) received an amended Schedule 13G/A from Harraden Circle Investments, LLC and Frederick V. Fortmiller, Jr. reporting their current beneficial ownership of Class A shares. The reporting persons collectively beneficially own 285,717 Class A shares, representing 2.02% of the class, all with shared voting and dispositive power.
The amendment states that the reporting persons have ceased to be beneficial owners of more than five percent of the outstanding Class A common stock and is characterized as an exit filing. The shares are held for the accounts of several Harraden-affiliated investment funds for which Harraden Circle Investments, LLC acts as investment manager.
Graf Global Corp., a SPAC, reported June 30, 2026 assets of $91.4 million, down from $245.7 million at year-end, primarily due to shareholder redemptions. Cash in the Trust Account was $91.4 million, while operating cash was only $21,149 with a working capital deficit of $3.14 million.
For the quarter, Graf recorded a net loss of $507,053 versus income a year earlier, though it remained profitable year-to-date with $1.59 million driven by $4.26 million of trust interest. On June 26, shareholders redeemed 14.59 million Class A shares for about $10.86 each, leaving 8.41 million redeemable shares and 14.16 million total ordinary shares outstanding. The company extended its deadline to complete a business combination to September 27, 2026, with optional extensions to December 27, 2026, and signed a Business Combination Agreement with BIG3 HoldCo LLC. Management disclosed that the limited cash, looming deadline, and need for additional financing raise substantial doubt about Graf’s ability to continue as a going concern.
Polar Asset Management Partners Inc., a Canadian investment advisor, reported beneficial ownership of Class A ordinary shares of Graf Global Corp.. Polar, as investment advisor to Polar Multi-Strategy Master Fund, reported holding 800,000 Class A shares, representing 5.6% of this class as of June 30, 2026.
Polar reported sole voting and sole dispositive power over all 800,000 shares, with no shared voting or dispositive power. The filing is signed by Andrew Ma, Chief Compliance Officer of Polar Asset Management Partners Inc.
Graf Global Corp. received an updated ownership report from Fort Baker Capital Management LP, Steven Patrick Pigott and Fort Baker Capital, LLC. Fort Baker Capital Management LP directly holds 1,256,015 Class A ordinary shares, representing 8.9% of the Class A Ordinary Shares outstanding, based on 14,159,633 shares outstanding as of June 26, 2026. The three reporting persons share voting and dispositive power over these shares and report jointly, while each disclaims group status and beneficial ownership beyond their pecuniary interest.
Meteora Capital, LLC and Vik Mittal report a significant ownership position in Graf Global Corp. They report beneficial ownership of 988,660 shares of Class A Common Stock, representing 6.98% of the class. All voting and dispositive authority over these shares is reported as shared, with no sole voting or dispositive power.
Highbridge Capital Management, LLC filed an amended ownership report regarding Graf Global Corp. Class A Ordinary Shares. The institutional investor now reports beneficial ownership of 0.0% of the class, with 0 shares reported for sole or shared voting and dispositive power, indicating it no longer holds a reportable position in these securities.
Linden Capital L.P., Linden GP LLC, Linden Advisors LP and Siu Min (Joe) Wong filed an amended Schedule 13G stating that, as of June 30, 2026, they may be deemed to beneficially own 0 Class A Ordinary Shares of Graf Global Corp.
The filing reports that each reporting person holds approximately 0.0% of the outstanding Class A Ordinary Shares, with no sole or shared voting or dispositive power over any shares. The disclosure confirms ownership of 5 percent or less of this class of securities.