Graf Global holder reports 6% passive stake

Graf Global Corp. has a significant shareholder group led by Magnetar Financial LLC and related entities, which collectively reported beneficial ownership of 849,999 Class A ordinary shares as of June 30, 2026.

Rhea-AI Filing Summary

Graf Global Corp. has a significant shareholder group led by Magnetar Financial LLC and related entities, which collectively reported beneficial ownership of 849,999 Class A ordinary shares as of June 30, 2026. These shares are held across several Magnetar-managed funds, including Constellation Master Fund, Lake Credit Fund, Structured Credit Fund, Xing He Master Fund, Alpha Star Fund, Purpose Alternative Credit Fund, SC Fund, and Purpose Alternative Credit Fund - T. The position represents approximately 6.00% of the 14,159,632 Class A shares outstanding, based on issuer information referenced by the reporting group. Voting and dispositive powers over all reported shares are shared, with no sole voting or dispositive authority reported. Control is structured through Magnetar Financial as investment adviser, Magnetar Capital Partners as its parent, Supernova Management as general partner, and David J. Snyderman as administrative manager, with a joint filing agreement and power of attorney in place for these Schedule 13G/A disclosures.

Key Figures

Shares beneficially owned: 849,999 shares Ownership percentage: 6.00% Shares outstanding: 14,159,632 shares +5 more

8 metrics

Shares beneficially owned 849,999 shares Class A ordinary shares beneficially owned as of June 30, 2026

Ownership percentage 6.00% Percent of Graf Global Corp. Class A shares outstanding

Shares outstanding 14,159,632 shares Total Class A ordinary shares outstanding per issuer Form 8-K

Constellation Master Fund allocation 197,475 shares Portion of the 849,999 shares held for Constellation Master Fund

Lake Credit Fund allocation 145,959 shares Portion of the 849,999 shares held for Lake Credit Fund

Structured Credit Fund allocation 137,374 shares Portion of the 849,999 shares held for Structured Credit Fund

Shared voting power 849,999 shares Shares over which reporting persons have shared voting power

Sole voting power 0 shares Shares over which reporting persons have sole voting power

Key Terms

beneficial owner, shared voting power, shared dispositive power, investment adviser, +2 more

6 terms

beneficial owner financial

"each of the Reporting Persons were deemed to be the beneficial owner"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

shared voting power financial

"Shared Voting Power 849,999.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power financial

"Shared Dispositive Power 849,999.00"

investment adviser financial

"Magnetar Financial serves as the investment adviser to the Magnetar Funds"

An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.

Schedule 13G/A regulatory

"This statement is filed on behalf of each of the following person"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Power of Attorney regulatory

"Power of Attorney, dated as of December 22, 2022"

A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many Graf Global Corp. (TONT) shares do the Magnetar entities beneficially own?

Magnetar-related entities reported beneficial ownership of 849,999 Class A ordinary shares of Graf Global Corp. as of June 30, 2026. These shares are spread across multiple Magnetar-managed funds, with voting and investment power exercised by Magnetar Financial LLC.

What percentage of Graf Global Corp. (TONT) does the Magnetar group hold?

The reporting persons disclosed ownership of approximately 6.00% of Graf Global Corp.’s Class A ordinary shares. This percentage is based on 14,159,632 shares outstanding, as referenced from an issuer Form 8-K dated June 26, 2026.

How are the 849,999 Graf Global Corp. (TONT) shares allocated among the Magnetar funds?

The 849,999 shares are allocated among several funds, including 197,475 for Constellation Master Fund, 145,959 for Lake Credit Fund, 137,374 for Structured Credit Fund, and additional amounts across Xing He, Alpha Star, Purpose Alternative Credit, SC Fund, and Purpose Alternative Credit Fund - T.

What voting and dispositive powers do the Magnetar entities report over Graf Global Corp. (TONT) shares?

The reporting group states 0 shares with sole voting or dispositive power and 849,999 shares with shared voting and shared dispositive power. Magnetar Financial LLC exercises these powers as investment adviser to the Magnetar funds holding the shares.

Who are the reporting persons on this Schedule 13G/A for Graf Global Corp. (TONT)?

The filing is made jointly on behalf of Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, and David J. Snyderman. They report beneficial ownership through various Magnetar funds under Magnetar Financial’s investment advisory authority.

What legal arrangements support the joint reporting of Graf Global Corp. (TONT) holdings?

The group references a Joint Filing Agreement dated August 13, 2026 and a Power of Attorney dated December 22, 2022. These documents authorize joint Schedule 13G/A reporting and appoint an attorney-in-fact to sign on behalf of the reporting persons.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/13/2026 - 06:28 AM Accepted by SEC EDGAR 08/13/2026 - 06:28 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

GRAF GLOBAL CORP.

(Name of Issuer)

Class A ordinary shares, par value $0.0001

(Title of Class of Securities)

G4036C106

(CUSIP Number)

06/30/2026

(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

MAGNETAR FINANCIAL 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 849,999.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 849,999.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

849,999.00

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)

6.00 %

12

Type of Reporting Person (See Instructions)

IA, OO

SCHEDULE 13G

CUSIP Number(s): G4036C106

1

Names of Reporting Persons

MAGNETAR CAPITAL PARTNERS 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 849,999.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 849,999.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

849,999.00

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)

6.00 %

12

Type of Reporting Person (See Instructions)

HC, PN

SCHEDULE 13G

CUSIP Number(s): G4036C106

1

Names of Reporting Persons

SUPERNOVA MANAGEMENT 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 849,999.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 849,999.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

849,999.00

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)

6.00 %

12

Type of Reporting Person (See Instructions)

HC, OO

SCHEDULE 13G

CUSIP Number(s): G4036C106

1

Names of Reporting Persons

DAVID J. SNYDERMAN

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 849,999.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 849,999.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

849,999.00

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)

6.00 %

12

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: GRAF GLOBAL CORP.
(b)	Address of issuer's principal executive offices: 1790 Hughes Landing Blvd., Suite 400, The Woodlands, TX 77380
Item 2.
(a)	Name of person filing: This statement is filed on behalf of each of the following person (collectively, the "Reporting Persons"): i) Magnetar Financial LLC ("Magnetar Financial"); ii) Magnetar Capital Partners LP ("Magnetar Capital Partners"); iii) Supernova Management LLC ("Supernova Management"); and iv) David J. Snyderman ("Mr. Snyderman"). This statement relates to the Shares (as defined herein) held for Magnetar Constellation Master Fund, Ltd ("Constellation Master Fund"), Magnetar Xing He Master Fund Ltd ("Xing He Master Fund"), Purpose Alternative Credit Fund Ltd ("Purpose Alternative Credit Fund"), Magnetar SC Fund Ltd ("SC Fund"), all Cayman Islands exempted companies; Magnetar Structured Credit Fund, LP ("Structured Credit Fund"), a Delaware limited partnership; Magnetar Lake Credit Fund LLC ("Lake Credit Fund"), Magnetar Alpha Star Fund LLC ("Alpha Star Fund"), Purpose Alternative Credit Fund - T LLC ("Purpose Alternative Credit Fund - T"), all Delaware limited liability companies; collectively (the "Magnetar Funds"). Magnetar Financial serves as the investment adviser to the Magnetar Funds, and as such, Magnetar Financial exercises voting and investment power over the Shares held for the Magnetar Funds' accounts. Magnetar Capital Partners serves as the sole member and parent holding company of Magnetar Financial. Supernova Management is the general partner of Magnetar Capital Partners. The administrative manager of Supernova Management is Mr. Snyderman.
(b)	Address or principal business office or, if none, residence: The address of the principal business office of each of Magnetar Financial, Magnetar Capital Partners, Supernova Management, and Mr. Snyderman is 1603 Orrington Avenue, 13th Floor, Evanston, Illinois 60201.
(c)	Citizenship: Place of Organization. i) Magnetar Financial is a Delaware limited liability company; ii) Magnetar Capital Partners is a Delaware limited partnership; iii) Supernova Management is a Delaware limited liability company; and iv) Mr. Snyderman is a citizen of the United States of America.
(d)	Title of class of securities: Class A ordinary shares, par value $0.0001
(e)	CUSIP No.: 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: As of June 30, 2026, each of Magnetar Financial, Magnetar Capital Partners, Supernova Management and Mr. Snyderman held 849,999 Shares. The amount consists of (A) 197,475 Shares held for the account of Constellation Master Fund; (B) 145,959 Shares held for the account of Lake Credit Fund; (C) 137,374 Shares held for the account of Structured Credit Fund; (D) 128,788 Shares held for the account of Xing He Master Fund; (E) 85,859 Shares held for the account of Alpha Star Fund; (F) 77,272 Shares held for the account of Purpose Alternative Credit Fund; (G) 60,101 Shares held for the account of SC Fund; and (H) 17,171 Shares held for the account of Purpose Alternative Credit Fund - T. The Shares held by the Magnetar Funds represent approximately 6.00% of the total number of Shares outstanding (calculated pursuant to Rule 13d-3(d)(1)(i)) of the outstanding shares of the Issuer).
(b)	Percent of class: As of June 30, 2026, each of the Reporting Persons were deemed to be the beneficial owner constituting approximately 6.00% of the total number of shares outstanding (based upon the information provided by the Issuer in the Form 8-K filed on June 26, 2026 there were approximately 14,159,632 Shares outstanding).
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 849,999
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 849,999
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.

MAGNETAR FINANCIAL LLC

Signature:	/s/ Hayley Stein
Name/Title:	Name: Hayley Stein, Title: Attorney-in-fact for David J. Snyderman, Administrative Manager of Supernova Management LLC
Date:	08/13/2026

MAGNETAR CAPITAL PARTNERS LP

Signature:	/s/ Hayley Stein
Name/Title:	Name: Hayley Stein, Title: Attorney-in-fact for David J. Snyderman, Administrative Manager of Supernova Management LLC
Date:	08/13/2026

SUPERNOVA MANAGEMENT LLC

Signature:	/s/ Hayley Stein
Name/Title:	Name: Hayley Stein, Title: Attorney-in-fact for David J. Snyderman, Administrative Manager of Supernova Management LLC
Date:	08/13/2026

DAVID J. SNYDERMAN

Signature:	/s/ Hayley Stein
Name/Title:	Name: Hayley Stein, Title: Attorney-in-fact for David J. Snyderman, Administrative Manager of Supernova Management LLC
Date:	08/13/2026

Comments accompanying signature: MAGNETAR FINANCIAL LLC By: Magnetar Capital Partners LP, its Sole Member By: Supernova Management LLC, its General Partner MAGNETAR CAPITAL PARTNERS LP By: Supernova Management LLC, its General Partner

Exhibit Information

99.1 Joint Filing Agreement, dated as of August 13, 2026, among the Reporting Persons. 99.2 Power of Attorney, dated as of December 22, 2022 filed by the Reporting Persons on August 13, 2026.