other material
confidence high
sentiment neutral
materiality 0.55
Graf Global Corp. converts 5.75M Class B shares to Class A; only 1 Class B share remains
Graf Global Corp.
- On June 18, 2026, Sponsor and three directors converted 5,749,999 Class B shares into Class A shares on a one-for-one basis.
- Post-conversion: 28,749,999 Class A shares outstanding; 1 Class B share outstanding held by Sponsor.
- Class A shares issued are unregistered, exempt under Section 3(a)(9), subject to same restrictions as prior Class B shares.
- Conversion reduces insider Class B voting power; only Sponsor retains one Class B share.