On June 12, 2026, Graf Global Corp. entered into a Business Combination Agreement to merge with BIG3 HoldCo LLC, a professional three-on-three basketball league. The transaction involves Graf re-domiciling to Delaware and merging into Pubco (Halfcourt Holdco, Inc.), with BIG3 also merging into Pubco. Consideration for BIG3 equity holders consists of Pubco Common Stock based on $290 million plus BIG3's cash position, plus 2 million unvested earnout shares. The closing is anticipated in Q4 2026, subject to shareholder and noteholder approvals. Additionally, Graf issued a $200,000 convertible promissory note to Harraden Circle Investments, LLC, convertible at $10.00 per share. Graf operates as a special purpose acquisition company (SPAC) designed to effect a business combination.
