secwatch.observer — SEC 8-K summary
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Issuer:     Graf Global Corp. (GRAF)
CIK:        0001897463
Form:       8-K/A
Filed at:   2026-06-12T20:37:45+00:00
Accession:  0001104659-26-073527
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1897463/000110465926073527/0001104659-26-073527-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1897463/000110465926073527/tm2617801d1_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-073527

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer