Graf Global to change ticker to TONT ahead of planned Big3 Basketball merger
GRAF•Ticker change and planned merger with Big3
- Graf Global is pursuing a business combination with 3-on-3 basketball league Big3, targeted to close in Q4 2026.
- NYSE American ticker for Class A shares to change to TONT on July 27, 2026; units and warrants to switch to TONT U, TONT WS.
- Upon closing, TONT shares and TONT WS warrants convert 1:1 into the surviving Big3 entity; the public company to be named Big3 Basketball Holdings.
- Transaction conditions include an effective S-4, shareholder vote, at least $50 million net cash delivered to Big3, exchange listing approval.
- Graf Global holds about $92 million in cash deposits; it has no other operating business.
