Graf Global, a blank check company led by SPAC veteran James Graf, filed on Friday with the SEC to raise up to $200 million in an initial public offering.
The Woodlands, TX-based company plans to raise $200 million by offering 20 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, Graf Global would command a market value of $250 million.
The company is led by CEO, CFO, and Director James Graf, who previously served as a Managing Director of Singapore-based investment bank TC Capital and was a consultant to Metro-Goldwyn-Mayer. Graf has also held various roles with SPACs and previously led 2021 IPO Graf Acquisition IV, which completed its combination with cell therapy biotech NKGen Biotech (NKGN; -17% from $10 offer price) in 2023, and 2018 IPO Graf Industrial, which completed its combination with Velodyne Lidar (now part of Ouster) in 2020.
Graf Global was founded in 2021 and plans to list on either the NYSE or the NYSE American under the symbol GRAF.U. The company filed confidentially on March 15, 2024. Cantor Fitzgerald is the sole bookrunner on the deal.
