Graf Global Presents BIG3 Deal: $337M Pro Forma Enterprise Value
Graf Global (TONT) presented a deal to combine with BIG3, targeting a $337M enterprise value and $402M equity value. The transaction, expected to close in early 2027, assumes $65M in cash post-closing. BIG3 members will roll over all equity, representing 70.6% of pro forma ownership. The company plans investments in hiring, marketing, and monetization strategies. (Source: SEC filing)
