Graf Global, a blank check company led by SPAC veteran James Graf, registered to offer 20 million units at $10 each. A unit consists of one Class A share and one-half of a warrant, with whole warrants redeemable for a share at $11.50. Graf Global Sponsor and Cantor Fitzgerald have committed to purchase 6 million private placement warrants at $1 each. The sponsor holds 5.75 million Class B shares.
Graf Global said it will pursue an acquisition in any industry or geographic location, while possible targets may includes companies that have previously held discussions with other Graf SPACs about a potential deal.
CEO, CFO and Director James Graf has more than 35 years of experience in SPACs, mergers and acquisitions, private equity, capital markets and corporate management. He has served as a founder and executive officer or as a non-independent director of six SPACs, and is an independent director of a seventh that together have raised over $2 billion in their initial public offerings over the last 13 years. Six of the SPACs have completed business combinations and the seventh has announced a deal.
The new SPAC intends to list on either the New York Stock Exchange or the NYSE American under the symbol GRAF.U.
Cantor is sole bookrunner on this deal. Read more.
