Graf Global Corp. TONT
We are a blank check company incorporated on November 17, 2021 as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (the "Business Combination"). We have 24 months from the closing of our initial public offering, or until such earlier liquidation date as our board of directors may approve (the "Completion Window") to complete our initial Business Combination.
We have reviewed, and continue to review, a number of opportunities to enter into a Business Combination, but we are not able to determine at this time whether we will complete a Business Combination with any of the target businesses that we have reviewed or with any other target business. We may pursue an acquisition opportunity in any industry or geographic location. We also have neither engaged in any operations nor generated any revenue to date. Based on our business activities, the Company is a "shell company" as defined under the Exchange Act of 1934 (the "Exchange Act") because we have no operations and nominal assets consisting almost entirely of cash.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| SG&A | $1.8M | $531.3K | — | — |
| Total operating expenses | — | $531.3K | $3.2K | — |
| Operating income | -$1.8M | -$531.3K | -$3.2K | — |
| Net income | $8.0M | $5.2M | -$3.2K | — |
| EPS, diluted | — | — | 0.00 | — |
| Shares, diluted (wtd. avg.) | — | — | $5.0M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and equivalents | $699 | $479.6K | — | — |
| Total current assets | $116.3K | $717.1K | — | — |
| Total assets | $245.7M | $236.6M | — | — |
| Total current liabilities | $1.3M | $169.7K | $156.1K | — |
| Total liabilities | $11.1M | $10.0M | $156.1K | — |
| Retained earnings | -$11.0M | -$9.1M | -$181.1K | — |
| Total equity | -$11.0M | -$9.1M | -$156.1K | -$152.9K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating cash flow | -$393.9K | -$912.0K | — | — |
| Investing cash flow | — | -$230.0M | — | — |
| Financing cash flow | -$85.0K | $231.4M | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-058645.
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