Graf Global Corp. Announces Pricing of $200 Million Initial Public Offering
June 25 2024 - 10:29PM
Graf Global Corp. (the “Company”) today announced the pricing of
its initial public offering of 20,000,000 units at a price of
$10.00 per unit. The units will be listed on the NYSE American LLC
(“NYSE”) and will trade under the ticker symbol “GRAF.U” beginning
on June 26, 2024. Each unit consists of one Class A ordinary share
and one-half of one redeemable warrant, with each whole warrant
exercisable to purchase one Class A ordinary share at a price of
$11.50 per share. Only whole warrants will be exercisable. Once the
securities comprising the units begin separate trading, the Class A
ordinary shares and warrants are expected to be listed on NYSE
under the symbols “GRAF” and “GRAF WS,” respectively. The offering
is expected to close on June 27, 2024.
Graf Global Corp. is a blank check company
formed for the purpose of effecting a merger, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with one or more businesses. The Company intends to
capitalize on the significant experience and relationships of its
Chief Executive Officer, Chief Financial Officer and Director,
James Graf, but may pursue an initial business combination in any
industry or geographic region.
Cantor Fitzgerald & Co. is acting as the
sole book-running manager of the offering. The Company has granted
the underwriters a 45-day option to purchase up to an additional
3,000,000 units at the initial public offering price to cover
over-allotments, if any.
A registration statement relating to these
securities was declared effective by the U.S. Securities and
Exchange Commission (the “SEC”) on June 25, 2024. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities
in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.
The offering is being made only by means of a
prospectus. When available, copies of the prospectus relating to
this offering may be obtained from Cantor Fitzgerald & Co.,
Attention: Capital Markets, 499 Park Avenue, 5th Floor New York,
New York 10022, or by email at prospectus@cantor.com.
FORWARD-LOOKING STATEMENTS
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the proposed initial public offering and the anticipated use of the
net proceeds. No assurance can be given that the offering discussed
above will be completed on the terms described, or at all, or that
the net proceeds of the offering will be used as indicated.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company’s registration
statement and preliminary prospectus for the Company’s offering
filed with the SEC. Copies are available on the SEC’s website,
www.sec.gov. The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
CONTACT
James GrafChief Executive Officer, Chief
Financial Officer and DirectorGraf Global Corp.
james@grafspac.com