Report: SPAC Veteran James Graf Setting Up 3 New Blank-Check Companies With Combined $675M Raise

James Graf

Veteran SPAC executive James Graf is planning to raise $675 million for three blank-check companies, Bloomberg reports.

The SPACs would be named Graf Acquisition II, III and IV, sources reportedly told the news organization. The entities will target raises of $150 million, $225 million and $300 million respectively.

Graf will be chief executive officer of the vehicles and Tony Kuznik will be executive vice president and general counsel. Each SPAC will have a broad mandate, able to target a business or businesses in any sector, and may be upsized based on demand or a so-called greenshoe. Read more.

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