Graf Global Corp. will change its ticker symbol on NYSE American from GRAF to TONT on July 27, 2026, as it prepares for its business combination with Big3 HoldCo LLC. The new symbol, representing "3-on-3," reflects the company's proposed merger with the professional basketball league founded by Ice Cube and Jeff Kwatinetz. The transaction is expected to close in the fourth quarter of 2026, after which the combined entity will be named Big3 Basketball Holdings, Inc. and continue trading as TONT.

The ticker change applies to the company's Class A ordinary shares, units, and warrants. Currently trading as GRAF, GRAF U, and GRAF WS, these securities will switch to TONT, TONT U, and TONT WS respectively at the opening of trading on July 27, 2026. CUSIP numbers for the securities will remain unchanged, and no action is required from existing shareholders.

Upon the closing of the business combination, holders of TONT shares and TONT WS warrants will own common equity and warrants of the surviving BIG3 entity on a 1:1 basis. The TONT U units will split into one TONT share and one-half of a TONT WS warrant. The closing is subject to conditions, including the filing of an S-4 registration statement, shareholder approval, and the delivery of at least $50 million in net cash proceeds to BIG3.

Graf Global Corp. currently holds approximately $92 million in cash deposits and has no other business operations. Investors buying shares under the GRAF or TONT symbols are effectively acquiring interests in BIG3. As of July 16, 2026, the cash value per share available for redemptions was approximately $10.86, which will accrue interest until the redemption date.

Shareholders retain the right to redeem their shares for cash at the per share amount held in the trust account or hold them through closing to own BIG3 shares. The business combination agreement was filed with the Securities and Exchange Commission on June 12, 2026.

Key Details of the Ticker Change and Merger