TONTNYSEServices-Amusement & Recreation ServicesUS GAAP · USD

Graf Global Corp.

Graf Global Corp. is a Cayman Islands blank check company formed to complete a merger, share exchange, asset acquisition, or similar business combination with an operating business. It has no operating business of its own and currently earns only interest income on funds held in trust while it searches for a target before its combination deadline.

Kysy yhtiöstä
Liikevoitto (EBIT)−1,8milj. USD
−243,5 %v/v
Nettotulos8,0milj. USD
+53,2 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2023–2025

−2,0−1,5−1,0−0,50,0milj. USD2023: EBIT −0,00 milj. USD20232024: EBIT −0,53 milj. USD20242025: EBIT −1,8 milj. USD2025−1,8
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Graf Global Corp.

Liiketoiminta

Osuus liikevaihdosta
SPAC formation and capital pool100 %

Public listing and trust-account capital used to fund a future acquisition.

Business combination execution0 %

Merger, share exchange, or asset acquisition transactions with an identified target.

Public company administration0 %

Ongoing legal, accounting, audit, and compliance activities while searching for a target.

Asiakkaat

Graf Global Corp. does not sell products or services to end customers; its counterparties are prospective merger targets, sponsors, underwriters, and service providers. The company’s value proposition is to provide a public-market acquisition vehicle and access to trust capital for a private operating business seeking a de-SPAC transaction. Until a transaction closes, there is no operating customer base.

Prospective business combination targets

Private operating companies that may merge with the SPAC to access public markets and cash.

Target company shareholders

Owners of the acquired business who receive cash, shares, or both in the transaction.

Sponsor and transaction counterparties

Sponsor, underwriters, and advisors that support the search, financing, and closing process.

Strategia

Management’s core strategy is to identify and close an initial business combination before the end of the combination period, currently June 27, 2026. The company is also managing public-company compliance and trust-account capital while evaluating targets, with trade policy and tariffs explicitly considered in target screening and transaction feasibility.

Close a business combination before the deadlineLyhyt aikaväli

Failure to complete a transaction triggers mandatory liquidation and dissolution.

Preserve optionality in target selectionLyhyt aikaväli

Trade policy and tariffs can make certain targets too risky or expensive to acquire.

Maintain transaction readinessKeskipitkä aikaväli

The company must remain compliant and prepared to execute diligence, financing, and closing steps.

Maantiede

The company is incorporated in the Cayman Islands but is managed as a U.S.-market SPAC and reports in U.S. dollars. Its economic exposure is not tied to a current operating geography; instead, geography will be determined by the eventual target company and could shift materially after a business combination. Current risk disclosures highlight that tariffs and trade policy could affect the target selection process and the post-combination business.

Riskit

The company’s main risk is that it may not complete a business combination before the deadline, which would force liquidation and dissolution. It also faces transaction-selection risk from tariffs, trade policy changes, and target-specific diligence issues, all of which can reduce the pool of viable acquisition candidates and impair the post-combination business.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Failure to complete an initial business combination1Tariffs and trade policy changes2
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Failure to complete an initial business combinationVaikutus: KriittinenTodennäköisyys: Matala

    Without a closing, the company must liquidate and dissolve at the end of the combination period.

    Kohdistuu: All capital in trust and the SPAC structure itself

  2. Tariffs and trade policy changesVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Cross-border sourcing or export exposure can make targets less attractive or harder to value and finance.

    Kohdistuu: Target screening and post-combination operations

  3. Going-concern uncertaintyVaikutus: Korkea

    The company has no operating revenues and depends on completing a transaction before cash resources are exhausted.

    Kohdistuu: Corporate overhead and transaction costs

Kysy Clarifolta: Graf Global Corp.

Kirjanpito

Harkinnanvaraiset erät
Trust-account interest income

Interest on cash and marketable securities in trust is the company’s main non-operating income source before a deal closes.

Vaikutus: Drives quarterly net income despite no operating business

Deferred underwriting fee

The fee becomes payable only if a business combination is completed, so it is a contingent transaction cost.

Vaikutus: Affects cash available at closing and transaction economics

Going-concern and liquidation accounting

Management must assess whether the company can complete a combination before the deadline.

Vaikutus: Could change asset and liability presentation if liquidation becomes likely

Sponsor administrative support fees

Monthly fees continue until a combination or liquidation and create recurring pre-deal expenses.

Vaikutus: Affects operating costs and cash burn

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Päivitetty: 24.9.2026