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Apex Trader Funding (ATF) - News

Graf Global Corp. Announces Closing of $230 Million Initial Public Offering Including Full Exercise of Underwriters' Over-Allotment Option

THE WOODLANDS, TX, June 27, 2024 (GLOBE NEWSWIRE) -- Graf Global Corp. (the "Company") today announced the closing of its initial public offering of 23,000,000 units, which includes 3,000,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full. The offering was priced at $10.00 per unit, resulting in gross proceeds of $230,000,000. The units are listed on the NYSE American LLC ("NYSE") and commenced trading under the ticker symbol "GRAF.U" on June 26, 2024. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share. Only whole warrants will be exercisable. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on NYSE under the symbols "GRAF" and "GRAF WS," respectively. Of the proceeds received from the consummation of the ...