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.
