G
Graf Global Corp.
GRAF-WTCIK 0001897463NYSENon-AcceleratedSmaller ReportingEmerging GrowthBlank ChecksE9FY ends Dec 31
Period
FY 2024
Revenue
—
Net Income
$5.23M
Total Assets
$236.59M
Equity
$-9.14M
Shares Out
—
Op. Cash Flow
$-912.0K
Business
Graf Global Corp. is a special purpose acquisition company (blank check company) formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination. The company offers units composed of Class A ordinary shares and warrants, sponsors Private Placement Warrants, maintains a trust account for IPO proceeds, and provides redemption mechanisms for public shareholders. Key organizational elements include its Sponsor, management team, independent directors and the Trust Account structure. Graf Global may pursue target opportunities in any industry or geographic market and uses public market listing and sponsor relationships to source and execute transactions.
Summary from filing dated 2025-03-13
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 |
|---|---|---|---|
| STATEMENTS OF OPERATIONS | — | — | |
| General and administrative costs | 2 | 531,279 | |
| Loss from operations | −2 | −531,279 | |
| Other income: | — | — | |
| Interest earned on cash held in Trust Account | 10 | 6 | |
| Total other income | 10 | 6 | |
| Net income | 8 | 5 | |
| Basic weighted average shares outstanding, ordinary shares (in shares) | 29 | 17 | |
| Basic net income per ordinary share (in dollar per share) | 0.56 | 0.6 | |
| Diluted weighted average shares outstanding, ordinary shares (in shares) | 29 | 17 | |
| Diluted net income per ordinary share (in dollars per share) | 0.56 | 0.6 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | Dec 31, 2025 2025-12-31 | Dec 31, 2024 2024-12-31 |
|---|---|---|---|
| BALANCE SHEETS | — | — | |
| Assets | — | — | |
| Current assets | — | — | |
| Cash | 699 | 479,628 | |
| Prepaid expenses | 115,552 | 237,465 | |
| Total current assets | 116,251 | 717,093 | |
| Long-term prepaid insurance | — | 109,710 | |
| Cash held in Trust Account | 246 | 236 | |
| Total Assets | 246 | 237 | |
| Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders' Deficit | — | — | |
| Current liabilities | — | — | |
| Accrued offering costs | — | 85,000 | |
| Due to related party | 14,663 | — | |
| Other Liability, Current, Related Party [Extensible Enumeration] | — | — | |
| Accrued expenses | 1 | 84,690 | |
| Total current liabilities | 1 | 169,690 | |
| Deferred underwriting fee | 10 | 10 | |
| Total Liabilities | 11 | 10 | |
| Commitments and Contingencies (Note 6) | — | — | |
| Class A ordinary shares subject to possible redemption, 23,000,000 shares at redemption value of approximately $10.68 and $10.25 per share as of December 31, 2025 and 2024 | 246 | 236 | |
| Shareholders' Deficit | — | — | |
| Preference shares, $0.0001 par value; 1,000,000 shares authorized; none issued or outstanding as of December 31, 2025 and 2024 | — | — | |
| Ordinary shares, Value | 575 | 575 | |
| Accumulated deficit | −11 | −9 | |
| Total Shareholders' Deficit | −11 | −9 | |
| Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders' Deficit | 246 | 237 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | Dec 31, 2024 2024-12-31 |
|---|---|---|
| STATEMENTS OF CASH FLOWS | — | |
| Cash Flows from Operating Activities: | — | |
| Net income | 5 | |
| Adjustments to reconcile net income to net cash used in operating activities: | — | |
| Payment of operation costs through promissory note | 32,151 | |
| Interest earned on cash held in Trust Account | 6 | |
| Changes in operating assets and liabilities: | — | |
| Prepaid expenses and other current assets | 237,465 | |
| Long-term prepaid insurance | 109,710 | |
| Due to related party | — | |
| Accrued expenses | −65,707 | |
| Net cash used in operating activities | −912,010 | |
| Cash Flows from Investing Activities: | — | |
| Investment of cash in Trust Account | 230 | |
| Net cash used in investing activities | −230 | |
| Cash Flows from Financing Activities: | — | |
| Proceeds from sale of Units, net of underwriting discounts paid | 226 | |
| Proceeds from sale of Private Placements Warrants | 6 | |
| Advances from related party | 5,696 | |
| Repayment of advances from related party | 5,696 | |
| Repayment of promissory note - related party | 155,688 | |
| Payment of offering costs | 452,674 | |
| Net cash (used in) provided by financing activities | 231 | |
| Net Change in Cash | 479,628 | |
| Cash - End of period | — | |
| Cash - End of period | — | |
| Non-Cash investing and financing activities: | — | |
| Offering costs included in accrued offering costs | 85,000 | |
| Deferred underwriting fee payable | 10 | |
| Deferred offering costs paid through promissory note - related party | 117,845 |
Filings
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