04:46 AM EDT, 06/26/2024 (MT Newswires) -- Graf Global (GRAF) said late Tuesday it has priced its initial public offering of 20 million units at $10 per unit.

The blank-check firm granted underwriters a 45-day option to purchase up to an additional 3 million units to cover overallotments.

The units will be listed on the NYSE American under the ticker symbol, "GRAF.U" starting this Wednesday.

Each unit consists of one class A ordinary share and half of a redeemable warrant. Each warrant is exercisable to purchase one class A share at a price of $11.50 per share.

Once the securities begin trading separately, the class A ordinary shares will be listed on the NYSE under the ticker symbol, "GRAF," while the warrants will be listed under the ticker symbol, "GRAF WS."

The offering is set to close on Thursday.