Graf Global Corp. enters business combination with BIG3 basketball league, valuing Big3 at $290M

Graf Global Corp.

Graf SPAC to acquire Big3, a professional 3-on-3 basketball league, for $290M plus Big3's cash position.
Consideration in Pubco Class A shares; certain sellers receive high-vote Class B shares with 10 votes per share.
Closing expected Q4 2026, subject to Graf shareholder approval, Big3 noteholder consent, and at least $50M in trust.
Earnout shares: up to 2M additional Pubco shares vest if price ≥$15 for 20 of 30 trading days within 5 years.
Post-closing board: up to 7 directors (1 from Graf, 6 from Big3); Big3's CEO and CFO to continue.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Graf Global Corp. entered into Business Combination Agreement with Big3, Pubco, and the Merger Subs (effective 2026-06-12).

Action: entry
Agreement: merger
Counterparty: Big3, Pubco, and the Merger Subs
Effective: 2026-06-12

Exact text from the filing

iven to them in the Business Combination Agreement. Item 1.01 Entry Into a Material Definitive Agreement. Business Combination Agreement As previously disclosed, on

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Source: SEC EDGAR

accession 0001104659-26-073527

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