Graf Global, a blank check company led by SPAC veteran James Graf, raised $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.
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 plans to list on the NYSE American under the symbol GRAF.U. Cantor Fitzgerald acted as sole bookrunner on the deal.
