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Deal announced · 12 Jun 2026GRAF.U · NYSECIK 1897463Sponsor at IPO: Graf Global Sponsor LLC

Graf Global Corp.

$230MTrust raised at IPO · 37% of public shares left after its last counted vote

  1. IPO25 Jun 2024
  2. Searching24 months
  3. Deal announced12 Jun 2026
  4. Closed—

Tavia Read What stands out, from the filings · snapshot 14

  1. 01

    Larger than 60% of 2024’s SPAC IPOs.

    $230M raised, against a median of $184M for the 55 SPACs that priced in 2024.

  2. 02

    63% of public shares redeemed across 1 vote.

    1 extension vote, counted from the SPAC’s 8-Ks. 37% of the public shares remained after the last one.

Worked out from checked figures in snapshot 14 · no forecasts or advice

Key terms

Other 2024 SPAC IPOs →
IPO priced
25 Jun 2024
IPO closed
27 Jun 2024
Raised
$230M1
Units sold
23,000,0002
Trust raised
$230M3
Trust per unit
$10.004
Unit
1 sh + ½ warrant5
Months to complete
246
Deadline before extensions
27 Jun 2026
Over-allotment
Exercised in full

Each unit: “one Class A ordinary share and one-half of one redeemable warrant”

How it compares

Graf Global Corp. against the 55 SPACs that priced in 2024.

Raised
$230M
24% of 2024 SPACs match it
2024 median: $184M
Trust per unit
$10.00
51% of 2024 SPACs match it
2024 median: $10.00
Months to complete
24
56% of 2024 SPACs match it
2024 median: 24
Redeemed across its votes
63%
65% of 2024 SPACs are above it
2024 median: 75%

Trust and redemptions

  1. Extension vote · 26 Jun 202614,590,367 of 23,000,000 redeemed (63%)

Public shares before each vote and the shares redeemed, as its 8-Ks (or the next 10-Q or 10-K) state them. Only votes whose redemptions were paid count.

Firms named in the prospectus

Company counsel

Underwriters’ counsel

Sponsor

No other SPAC from Graf Global Sponsor LLC or a vehicle of the same name priced since 1 January 2019.

Peers

Other 2024 SPAC IPOs with Cantor Fitzgerald & Co. as bookrunner.

SPACIPORaisedUnitStatus
Cohen Circle Acquisition Corp. I10 Oct 2024$230M1 sh + ⅓ warrantCompleted
Launch Two Acquisition Corp.7 Oct 2024$230M1 sh + ½ warrantDeal announced
HCM II Acquisition Corp.15 Aug 2024$230M1 sh + ½ warrantCompleted
Cantor Equity Partners, Inc.12 Aug 2024$100MShares onlyCompleted
Voyager Acquisition Corp./Cayman Islands8 Aug 2024$253M1 sh + ½ warrantCompleted

Sources

  1. PFinal prospectus: 0001104659-24-075421
  2. 1Gross proceeds: 0001104659-24-076405The Units were sold at a price of $10.00 per Unit, generating gross proceeds to the Company of $230,000,000.
  3. 2Units sold: 0001104659-24-076405consummated its initial public offering (“IPO”) of 23,000,000 units (the “Units”), including the issuance of 3,000,000 Units as a result of the underwriters’ exercise of the over-allotment option.
  4. 3Trust raised: 0001104659-24-077792A total of $230,000,000 of the proceeds from the IPO and Private Placement, which amount includes $9,800,000 of the underwriters’ deferred discount, was placed in a U.S.-based trust account
  5. 4Trust per unit: 0001104659-24-075421$200,000,000, or $230,000,000 if the underwriters’ over-allotment option is exercised in full ($10.00 per unit in either case), will be deposited into a trust account located in the United States
  6. 5Unit composition: 0001104659-24-075421Each unit has an offering price of $10.00 and consists of one Class A ordinary share and one-half of one redeemable warrant.
  7. 6Months to complete: 0001104659-24-075421We have until the date that is 24 months from the closing of this offering or until such earlier liquidation date as our board of directors may approve (the “completion window”) to consummate our initial business combination.

Each quote is found word for word in the filing it cites. Where a figure here differs from the filing, the filing prevails.

How the figures are compiled
  • Which IPOs. Every final IPO prospectus (Form 424B4 or 424B1, or a 424B3 when it is the first prospectus filed on an S-1 or F-1 registration within 10 days of it going effective) filed on SEC EDGAR from the history start, by a registrant whose SIC code was 6770 (blank checks) on the filing date. Offerings that are not exchange-listed SPAC IPOs are excluded when the prospectus is read. The window starts on 1 January 2021.
  • Dated by. The date of the final prospectus.
  • Raised. Units sold to the public, including over-allotment units, times the unit price, as stated in the SPAC's 8-K reports after the IPO.
  • Trust. The trust held for public shareholders after the IPO and any over-allotment: trust per unit times public units, as stated in the SPAC's filings. Cash deposited in trust and then moved out as working capital is not counted.
  • Bookrunners. Firms the prospectus names as book-running managers; where it names none, the firm it names as sole underwriter or representative of the underwriters. Only the prospectus's own wording counts, not later 8-K reports. Each IPO's gross proceeds are split equally among its bookrunners.
  • Counsel and auditors. Issuer counsel and underwriters' counsel as named in the prospectus's Legal Matters section; the auditor as named in its Experts section. Each is credited with the IPO's full gross proceeds.
  • Unit structure. What one unit consists of, as the prospectus states it: a share with warrants, with rights, with both, or a share alone (shares-only offerings sell no units). Warrants per unit is the fraction of a warrant in each unit; rights are measured as the fraction of a share they convert into per unit.
  • Trust per unit. Dollars placed in the trust account for each unit sold to the public, as the prospectus states it.
  • Time to complete. Months from the IPO closing that the SPAC has to complete its business combination before any extension, as the prospectus states it.
  • Over-allotment. Whether the underwriters bought all, part or none of the over-allotment option, comparing units sold with the base offering and the option.
  • Votes. Shareholder votes to extend a SPAC's deadline or to approve its business combination, as reported in its 8-Ks (Item 5.07), for the SPACs in the IPO statistics only: SPACs that priced before the history start are not included, so votes in the first years under-represent the market. Only redemptions actually paid count: votes on a proposal that failed, or an extension that was approved but never took effect, are left out (redemption requests lapse with them), and a merger vote counts only when the deal closed, and only the last merger vote before the closing, since merger redemptions are paid at closing. Liquidation votes are left out too, as every public share is redeemed by definition.
  • Redemption rate. Public shares redeemed at a vote over public shares outstanding just before it. Shares redeemed are as an 8-K, or failing that the next 10-Q or 10-K, states them. Shares before are as a filing states them, or redeemed plus the shares left after, or carried from the IPO's public shares and earlier votes. The median is the typical vote; the weighted rate divides all shares redeemed by all shares before, the share of public money that left the trusts. A vote counts only when each of these figures is verified or accepted. Votes whose redemption count no filing states, after a search of the SPAC's and the combined company's filings, are counted as not disclosed rather than estimated.
  • Outcomes. Where each SPAC stands as of the snapshot: completed (business combination closed), liquidated (trust returned and redeemed), deal pending (agreement signed, not closed) or searching (no agreement in force). Grouped by the year the SPAC priced its IPO. Awaiting review means its status is still being checked.
  • Closings. Completed business combinations by year of closing. The sector is the SEC's industry code (SIC) of the combined company, grouped into broad sectors; months from IPO run from the prospectus date to the closing.
  • Checking. A SPAC counts only when every required figure is verified (quote found verbatim in the filing and all cross-checks pass) or accepted by a named reviewer.
  • Coverage. 1,077 of the 1,089 SPAC IPOs read are counted; 12 wait on a figure still under review and 11 filings were excluded as not exchange-listed SPAC IPOs.

Compiled from SEC filings with the assistance of AI · figures as of 3 November 2026

For information only. These figures are compiled from SEC filings with the assistance of AI. Although they are checked against those filings, they may contain errors or omissions and have not been audited; where they differ from the filings, the filings prevail. They are not an offer to sell, a solicitation of an offer to buy, or a recommendation of any security. Information about any SPAC is qualified in its entirety by its filings with the SEC, available at www.sec.gov.