SCHEDULE: Fort Baker Capital Acquires 8.9% Stake in Graf Global Corp.

Fort Baker Capital Management LP, along with affiliated entities, has disclosed beneficial ownership of 1,256,015 Class A Ordinary Shares, representing 8.9% of Graf Global Corp.'s outstanding shares.

Summary

• Fort Baker Capital Management LP, Steven Patrick Pigott, and Fort Baker Capital, LLC have jointly filed a Schedule 13G, indicating beneficial ownership of 1,256,015 Class A Ordinary Shares of Graf Global Corp.
• This holding represents 8.9% of the total outstanding Class A Ordinary Shares, based on the Issuer's 8-K filing dated June 26, 2026, which stated 14,159,633 shares outstanding.
• Fort Baker Capital Management LP directly holds the shares, with Fort Baker Capital, LLC acting as the General Partner and Steven Patrick Pigott as the Limited Partner/Chief Investment Officer.
• The reporting persons are not considered a 'group' and each disclaims beneficial ownership beyond their pecuniary interest.
• The filing is an amendment to a previous filing, with the event date requiring this statement being June 30, 2026.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this filing as neutral to slightly positive, indicating a significant but not controlling stake acquisition by Fort Baker Capital Management LP. The lack of aggressive language suggests a passive investment approach at this stage.

Positives

• Fort Baker Capital Management LP has taken a significant stake (8.9%) in Graf Global Corp., which could signal confidence in the company's future prospects.
• The clear disclosure of ownership and roles within Fort Baker Capital provides transparency to investors.
• The filing indicates a passive investment approach, suggesting no immediate intent to influence control, which may be viewed positively by existing management and shareholders.

Negatives

• The filing does not provide any financial performance data or strategic updates for Graf Global Corp., limiting insight into the underlying business reasons for the investment.
• The reporting persons disclaim beneficial ownership beyond their pecuniary interest, which could imply a complex ownership structure or limited direct control.

Risks

• The filing does not detail specific risks associated with Graf Global Corp.'s business operations or the investment itself.
• Potential for future changes in beneficial ownership or investment strategy by Fort Baker Capital Management LP could impact Graf Global Corp.'s stock.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding Graf Global Corp.'s future performance or the reporting persons' investment strategy.

Management Comments

• Each reporting person disclaims beneficial ownership of the securities reported herein except to the extent of that person's pecuniary interest therein.
• The reporting persons are filing this Schedule 13G jointly, but not as members of a group, and each disclaims membership in a group.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors accumulating significant stakes. The 8.9% ownership by Fort Baker Capital Management LP places them as a notable shareholder in Graf Global Corp., but below the threshold that typically triggers active control or influence without further disclosures.

Stakeholder Impact

• Shareholders: The acquisition of a significant stake by Fort Baker Capital may influence market perception and potentially lead to increased trading volume. The passive nature of the filing suggests no immediate threat to existing shareholder value from control changes.
• Management: Graf Global Corp. management will be aware of a new substantial shareholder, potentially influencing future strategic discussions or investor relations efforts.

Next Steps

• Monitor future filings by Fort Baker Capital Management LP for any changes in their beneficial ownership or investment strategy.
• Observe Graf Global Corp.'s subsequent financial reports and strategic announcements for potential impacts of this significant shareholder.

Key Dates

Keywords

Graf Global Corp., Fort Baker Capital Management, Schedule 13G, Beneficial Ownership, Ordinary Shares, Investment, Securities Exchange Act