Recent Updates — GRAF
Graf Global Corp. shareholders approved an amendment to extend the deadline to consummate an initial business combination from June 27, 2026, to September 27, 2026, with options for further monthly extensions up to December 27, 2026. In connection with the meeting, shareholders holding 14,590,367 Class A ordinary shares redeemed their shares for approximately $10.86 per share, leaving approximately $91.3 million in the trust account. Graf Global Corp. is a blank check company operating in the financial services sector through its pursuit of a business combination.
On June 26, 2026, Graf Global Corp. convened an extraordinary general meeting to seek shareholder approval for an amendment to extend the deadline to consummate its initial business combination. Following a shareholder vote to adjourn, the meeting was rescheduled for 3:00 p.m. Eastern Time on the same day. Shareholders of record as of June 1, 2026, are eligible to vote. The company is a special purpose acquisition company (SPAC) that operates as a shell company to effect a business combination.
On June 18, 2026, Graf Global Sponsor LLC and directors Louis Bélanger-Martin, Kenneth Weinstein, and Fred Zeidman irrevocably converted 5,749,999 Class B ordinary shares into 5,749,999 Class A ordinary shares on a one-for-one basis. Following this transaction, the company had 28,749,999 Class A ordinary shares and one Class B ordinary share outstanding. The converted shares remain subject to existing transfer restrictions and redemption right waivers. Graf Global Corp. is a special purpose acquisition company (SPAC) that operates as a blank check company.
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.
On June 12, 2026, Graf Global Corp. and BIG3 HoldCo LLC announced they have entered into a business combination agreement. The transaction will involve a merger with Halfcourt Holdco, Inc. (PubCo). The parties intend to file a registration statement on Form S-4 with the SEC to facilitate the merger and subsequent shareholder vote. Additionally, Graf has filed a proxy statement to seek shareholder approval for an extension of its deadline to consummate an initial business combination. Graf Global Corp. is a special purpose acquisition company (SPAC) designed to effect a merger or acquisition.