Graf Acquisition IV closed the issuance of an additional 2.16 million units pursuant to the partial exercise of the underwriters’ over-allotment option in connection with the company’s IPO, representing 96.1% of the option. The additional units were sold at the initial offering price of $10 per unit, generating additional gross proceeds of $21.62 million and bringing the total gross proceeds of the IPO to approximately $171.62 million.
Led by SPAC veteran James Graf, the blank-check company has 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.
