Graf Global Corp. (GRAF) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 15, 2026

Risk Assessment Details

Potential Dilution: 26.09% of current shares
Recent Dilution: 600.0% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
23M
Potential Supply
6M
Additional shares possible
Splits
None
Past 2 years

Summary

GRAF currently has 23M outstanding shares. with moderate dilution risk from 6M authorized shares representing 26.1% potential dilution. The company has significantly diluted shareholders by 600.0% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 15, 2026

10-Q filing | 23.0M shares outstanding

23M 6M
May 11, 2026

10-K filing | 23.0M shares outstanding

23M 6M
Nov 13, 2025

10-Q filing | 23.0M shares outstanding

23M 6M
Aug 13, 2025

10-Q filing | 5.8M shares outstanding

5.8M 6M
May 14, 2025

10-Q filing | 5.8M shares outstanding

5.8M 6M
Mar 13, 2025

10-K filing | 23.0M shares outstanding

23M 6M
Nov 14, 2024

10-Q filing | 5.8M shares outstanding

5.8M 6M
Aug 14, 2024

10-Q filing | 5.8M shares outstanding

5.8M 6M
Jul 03, 2024

8-K filing: Graf Global Corp. consummated its initial public offering of 23,000,000 units at $10.00 per unit, generating gross proceeds of $230,000,000, and completed a private sale of 6,000,000 warrants at $1.00 per warrant, generating gross proceeds of $6,000,000. ($236.0M proceeds)

5.8M 6M
Jun 28, 2024

8-K filing: Graf Global Corp. consummated its initial public offering of 23,000,000 units at $10.00 per Unit, generating gross proceeds of $230,000,000, and completed the private sale of 6,000,000 warrants to the Sponsor and Cantor at $1.00 per warrant, generating gross proceeds of $6,000,000. ($236.0M proceeds)

5.8M 6M
Jun 20, 2024

S-1/A filing: This S-1/A filing includes information on the registration of units, public shares, and public warrants, as well as private placement warrants to be purchased by the sponsor and Cantor Fitzgerald & Co.

5.8M 6M
Jun 17, 2024

S-1/A filing: Graf Global Corp. is offering 20,000,000 units at $10.00 per unit, with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant, along with 6,000,000 private placement warrants to the sponsor and Cantor Fitzgerald & Co.

5.8M 26M
May 31, 2024

S-1 filing: Graf Global Corp is offering 20,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-half of one redeemable warrant, along with a concurrent private placement of warrants.

5.8M 26M
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