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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.
Key Figures
Shares beneficially owned:1,256,015 Class A Ordinary SharesPercent of class owned:8.9%Shares outstanding:14,159,633 Class A Ordinary Shares+2 more
5 metrics
Shares beneficially owned1,256,015 Class A Ordinary SharesDirectly held by Fort Baker Capital Management LP
Percent of class owned8.9%Beneficial ownership of Class A Ordinary Shares by each reporting person
Shares outstanding14,159,633 Class A Ordinary SharesOutstanding as of June 26, 2026, per issuer’s disclosure
Shared voting power1,256,015 sharesShared power to vote or direct the vote by each reporting person
Shared dispositive power1,256,015 sharesShared power to dispose or direct disposition by each reporting person
"The calculation percentage of beneficial ownership in Item 11 was derived from the Issuer's 8K"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
shared voting powerfinancial
"Shared Voting Power 1,256,015.00"
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 powerfinancial
"Shared Dispositive Power 1,256,015.00"
Schedule 13G/Aregulatory
"The Reporting Persons are filing this jointly on Schedule 13G/A"
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.
pecuniary interestfinancial
"disclaims beneficial ownership of the securities reported herein except to the extent of that person's pecuniary interest"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What percentage of Graf Global Corp. (TONT) does Fort Baker Capital report owning?
Fort Baker Capital reports beneficial ownership of 8.9% of Graf Global Corp.’s Class A Ordinary Shares. This percentage is based on 14,159,633 shares outstanding as of June 26, 2026, as stated by the issuer.
How many Graf Global Corp. (TONT) shares does Fort Baker Capital directly hold?
Fort Baker Capital Management LP directly holds 1,256,015 Class A Ordinary Shares of Graf Global Corp. All three reporting persons share voting and dispositive power over these shares according to the Schedule 13G/A amendment.
Who are the reporting persons in this Graf Global Corp. (TONT) Schedule 13G/A amendment?
The reporting persons are Fort Baker Capital Management LP, Steven Patrick Pigott, and Fort Baker Capital, LLC. They are filing jointly, but each disclaims membership in a group and beneficial ownership beyond their pecuniary interest.
What voting and dispositive powers are reported for Fort Baker Capital’s Graf Global Corp. (TONT) stake?
Each reporting person reports 0 shares with sole voting or dispositive power and 1,256,015 shares with shared voting and shared dispositive power. Control over the shares is therefore reported on a shared, not sole, basis.
How was Fort Baker Capital’s 8.9% stake in Graf Global Corp. (TONT) calculated?
The 8.9% beneficial ownership figure is derived from Graf Global Corp.’s June 26, 2026 disclosure that 14,159,633 Class A Ordinary Shares were outstanding. Fort Baker’s 1,256,015 shares are measured against that total.
What roles do the Fort Baker entities and Steven Patrick Pigott play regarding Graf Global Corp. (TONT) shares?
Fort Baker Capital Management LP directly holds the shares, Fort Baker Capital, LLC acts as its General Partner, and Steven Patrick Pigott serves as Limited Partner/Chief Investment Officer, with all three sharing voting and dispositive power.
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 per share
(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
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
1,256,015.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,256,015.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,256,015.00
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)
8.9 %
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
1,256,015.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,256,015.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,256,015.00
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)
8.9 %
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
1,256,015.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,256,015.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,256,015.00
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)
8.9 %
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 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:
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 1,256,015 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 percentage of beneficial ownership in Item 11 was derived from the Issuer's 8K filed with the Securities and Exchange Commission on June 26, 2026, in which the Issuer stated that the number of Class A Ordinary Shares outstanding was 14,159,633 as of June 26, 2026.
(b)
Percent of class:
Fort Baker Capital Management LP: 8.9%
Steven Patrick Pigott: 8.9%
Fort Baker Capital, LLC: 8.9%
(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: 1,256,015
Steven Patrick Pigott: 1,256,015
Fort Baker Capital, LLC: 1,256,015
(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: 1,256,015
Steven Patrick Pigott: 1,256,015
Fort Baker Capital, LLC: 1,256,015
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.
