Graf Global Corp. · AMEX:GRAF
Graf Global — SPAC Merger (October 2026)
37 slides from Graf Global's SPAC merger presentation, Oct 22, 2026
Slide 1: Elevating the Game. Evolving the Culture. Investor Presentation
ELEVATING THE GAME. EVOLVING THE CULTURE. Investor Presentation October 2026 Ticker “TONT” Confidential 1
Slide 2: Disclaimer and Other Important Information
DisclAimer DISCLAIMER AND OTHER IMPORTANT INFORMATION This presentation (this “Presentation”) is being furnished solely for the purpose of assisting the parties to whom it is addressed in making their independent evaluation with respect to a potential business combination (the “Business Combination”
Slide 3: Forward-Looking Statements
DisclAimer Forward-Looking Statements This Presentation (and any oral statements regarding the subject matter of this Presentation) contains certain forward-looking statements within the meaning of the U.S. federal securities laws with respect to the Parties and the Business Combination, including e
Slide 4: Important Information and Where to Find It
DisclAimer Important Information and Where to Find It In connection with the proposed Business Combination, the Parties intend to file relevant materials with the SEC, including the Registration Statement, and after the Registration Statement is declared effective, Graf will mail the proxy statement
Slide 5: Executive Summary
EXECUTIVE SUMMARY BIG3 TO MERGE WITH GRAF GLOBAL (“TONT”) § BCA executed on June 12th, 2026 § ~$91M cash remaining in trust § S-4 expected to be filed with SEC shortly § Expected transaction closing in early 2027 § $50M+ net cash closing condition BIG3 IS THE WORLD’S PREMIER 3-ON-3 PRO BASKETBALL LE
Slide 6: Market Opportunity
Biba MARKET OPPORTUNTIY
Slide 7: Sports Is On Fire
SPORTS IS ON FIRE SPORTS HAS CONSISTENTLY OUTPERFORMED OTHER ASSET CLASSES § Sports investments have returned 19% over the past five years § Steady increase in private sports team and league valuations MEDIA PARTNERS WANT SPORTS § More than 73% of adults in the US watch sports § Sports accounted for
Slide 8: Emerging League Valuations Are Soaring
EMERGING LEAGUE VALUATIONS ARE SOARING 8 Basketball $650M (2026) $340M (2025) +91% Recent Valuation Unrivaled TGL NWSL WNBA Prior Valuation Sport Appreciation Golf ~$1B (2026) ~$500M (2024) +100% Basketball $5.6B (2026) $1.25B (2024) +345% Soccer $2.6B (2026) $930M (2023) +179% BIG3 valuation compar
Slide 9: Basketball Is a Huge International Sport
BASKETBALL IS A HUGE INTERNATIONAL SPORT 9 BASKETBALL HAS A MASSIVE TOTAL ADDRESSABLE MARKET § Over 3.3 Billion fans globally § Played by over 600 Million people in 200+ different countries BASKETBALL HAS SIGNIFICANT MOMENTUM § Recent NBA 11yr $76B media rights deal in 2025 – up approx. 3x vs. prior
Slide 10: 3-on-3 Is an Appealing Form of Basketball
3-ON-3 IS AN APPEALING FORM OF BASKETBALL 10 3-ON-3 CONSIDERED THE NUMBER ONE URBAN TEAM SPORT § Local, grass roots appeal (“street ball”) § Beloved game played by millions of people around the world § Easy to understand § How most people play the game 3-ON-3 BASKETBALL IS HIGHLY ENTERTAINING § Fast
Slide 11: BIG3 Presents a Great Opportunity
IF YOU ARE GOING TO OWN SPORTS, BIG3 PRESENTS A GREAT OPPORTUNITY 9 YEARS SUCCESSFUL PROOF OF CONCEPT ON BROADCAST TELEVISION RARE CREDIBILITY AND ACCEPTANCE OF NEW SPORT MILLIONS OF FANS AND PLAYERS LOVE IT WORLDWIDE WIDESPREAD, GLOBAL PARTICIPATION – MANY MILLIONS PLAY 3-ON-3 PART OF CULTURE BEYON
Slide 12: BIG3 Overview
Biba BISS OVERVIEW
Slide 13: BIG3 At-A-Glance
BIG3 AT-A-GLANCE BIG3 IS THE WORLD’S PREMIER 3-ON-3 PROFESSIONAL BASKETBALL LEAGUE HUGE ADDRESSABLE MARKET WITH OVER 3 BILLION BASKETBALL FANS GLOBALLY KEY FACTS: § 8 Teams § 5 Players per Team § 10-Week Summer Season § 2026 was 9th BIG3 Season § Fireball3 Half Court Format SUMMARY PARTNERS KEY METR
Slide 14: BIG3 Is a Proven Product with Strong Engagement
BIG3 IS A PROVEN PRODUCT WITH STRONG ENGAGEMENT 14 PROVEN PRODUCT § Recently completed highly successful 9th season § Multi-year optimized product with durable younger/diverse fan base STRONG FAN ENGAGEMENT § ~550K average audience on CBS broadcast games § Over 1.2 Billion social media views HIGHLY
Slide 15: BIG3 Media Rights Are Valuable
BIG3 MEDIA RIGHTS ARE VALUABLE STRONG DEMAND FOR EMERGING SPORTS BIG3 strong viewership numbers and 9-year history will be attractive to TV networks and streaming services 200K 400K 600K HUGE SPORTS MEDIA RIGHTS MARKET The aggregate value of global sports media rights are expected to continue to inc
Slide 16: BIG3 Is a Social Media Juggernaut
BIG3 Is A SOCIAL MEDIA JUGGERNAUT 560K AVERAGE VIEWERS ON CBS +16.5% YoY IMPRESSION GROWTH ON OWNED CHANNELS 1.24 BILLION TOTAL VIEWS / IMPRESSIONS (MAY – AUGUST 2026) ~80% UNDER THE AGE OF 44 (A18-34 = 61% OF FOLLOWERS) 16 Sources: BIG3 Internal metrics (including Cube dashboard and Ballislife shee
Slide 17: BIG3 Is a Powerful Cultural Brand
BIG3 IS A POWERFUL CULTURAL BRAND BIG3 IS MORE THAN JUST BASKETBALL BIG3 sits at the intersection of basketball, hip-hop, streetwear, entertainment and community – with Ice Cube at the helm LIVE EXPERIENCE § Live music, DJs, dancers and X-game athletes performing, creating a festival feel with event
Slide 18: City-Based Team Model
8 CITY-BASED TEAMS FOUR OWNED BY TEAM INVESTORS BIG3 CITY-BASED TEAM MODEL[] 18 TEAM SALES § In 2024, BIG3 sold 4 teams to outside investors for $10 Million each (LA, Houston, Detroit & Miami) § BIG3 currently operates 4 league-owned teams affiliated with other cities (Dallas, Boston, DMV & Chicago)
Slide 19: BIG3's Global Strategic Vision
BIG3’s GLOBAL STRATEGIC VISION 19 INVESTMENT TODAY FUTURE 10-week, domestic summer league NARROW FOCUS CATEGORY LEADERSHIP Own the global 3-on-3 basketball format & the culture around it – across leagues, talent, media and international competition - 12 months of the year
Slide 20: Scalable Model with Significant Upside
BIG3: SCALABLE MODEL WITH SIGNIFICANT UPSIDE 20 SCALABLE FOUNDATION 9-year history, strong CBS viewership, global fan base, disciplined cost structure, asset light model, etc. U.S. EXPANSION § Add teams § Add games/events § Extend season INTERNATIONAL § International tours § New leagues § Fill shoul
Slide 21: Experienced & Visionary Leadership Team
BIG3 EXPERIENCED & VISIONARY LEADERSHIP TEAM ICE CUBE (CO-FOUNDER & CEO) § Award-winning musician, director and producer with over 10M albums sold and over $1B grossed at the box office § Recipient of Ice Cube Impact Award from the Naismith Basketball Hall of Fame § Grammy Lifetime Achievement Award
Slide 22: BIG3 Investment Highlights
BIG3 INVESTMENT HIGHLIGHTS SPORTS HAS BECOME ONE OF THE MOST HIGHLY ATTRACTIVE ASSET CLASS BIG3 will be the first mainstream sports league to be available to public investors BASKETBALL IS #2 GLOBAL SPORT – HUGE ADDRESSABLE MARKET FOR BIG3 Over 3+ billion fans across 200+ countries; 3-on-3 has urban
Slide 23: Financials
Biba FINANCIALS
Slide 24: Financial Summary
[FINANCIAL SUMMARY 24 16% 20% 64% 21% 25% 30% 20% 4% 2026 BUDGET REVENUES - $7.4M 2026 BUDGET EXPENSES - $25.2M COMMENTARY § BIG3 has historically been capital constrained, relying primarily on funding by its founders – as a result, the league’s main focus over the past 9 years has been optimizing t
Slide 25: Strategic Investments to Drive Growth
[STRATEGIC INVESTMENTS TO DRIVE GROWTH 25 AUGMENT MANAGEMENT TEAM § Priority near term hires - CMO, CRO and CFO § Add talent in priority functional areas including sponsorships and marketing RAMP MARKETING INVESTMENT § Invest in marketing strategies to broaden brand appeal / widen demographic reach
Slide 26: Event Inventory Monetization
[EVENT INVENTORY MONETIZATION TODAY 2027 2028+ § 8 Teams § 10 Weeks - Summer § 37 Games DOMESTIC INTERNATIONAL § None DOMESTIC INTERNATIONAL DOMESTIC INTERNATIONAL § 8 Teams § 10 Weeks - Summer § 37 Games § Pilot International Tour § Add Teams § Add Weeks - Summer § Increase Game Inventory § Fill 12
Slide 27: Media Rights Monetization
[MEDIA RIGHTS MONITIZATION TODAY 2027 2028+ § 37 total hours available § 21 hours on CBS § CBS re-airs on BET § 10 hours on Fubo / 16 hours on BIG3 YouTube Channel DOMESTIC INTERNATIONAL § Pilot in Chinese market with Migu § Total 3.4M+ viewers DOMESTIC INTERNATIONAL DOMESTIC INTERNATIONAL § Renew w
Slide 28: Sponsorship Monetization
[SPONSORSHIP MONETIZATION TODAY 2027 2028+ § Limited historical focus § iHeart flagship deal valued at $17M+ – not recognized as revenue as BIG3 receives a package of iHeart ad slots of equivalent value § Establish new sponsorship team § Capture new sponsors from missing categories Example Missing C
Slide 29: Transaction Overview
Sources ($M) BIG3 Rollover $284 Cash in Trust(4) $91 Total $375 6.8% 70.6% BIG3 Rollover Equity trAnsActiOn Overview Shares (M) Ownership % BIG3 Rollover Equity(5) 26.2 70.6% Graf Public Shareholders 8.4 22.6% Founder Shares(2) 2.5 6.8% Transaction Highlights Estimated Sources & Uses Uses ($M) BIG3
Slide 30: BIG3 Corporate Structure Post Business Combination
BIG3 CORPORATE STRUCTURE POST BUSINESS COMBINATION BIG3 Basketball (OpCo) team structure: Four third-party owned teams Eight BIG3 HoldCo owned teams (four active) BIG3 Basketball (OpCo) profit/loss distribution (ex team sales): 25% to BIG3 HoldCo Teams responsible for capital calls / pro rata share
Slide 31: Appendix
APPENDIX
Slide 32: BIG3 Players and Coaches
MICHAEL BEASLEY (MIAMI 305) § 11-year NBA career after being drafted #2 overall in the 2008 NBA Draft (Kansas State) § 2024 BIG3 MVP (21.3 PPG and 6.3 RPG) § 775K followers on Instagram COREY BREWER (DETROIT AMPLIFIERS) § 13-year NBA career after being drafted #7 overall in the 2007 NBA Draft (Flori
Slide 33: BIG3 Players and Coaches
RICK MAHORN (DETROIT AMPLIFIERS) § 18-year NBA career, most notably with the Detroit Pistons as part of the “Bad Boys” (NBA Champion in 1989) § Current radio analyst for the Detroit Pistons NICK “SWAGGY P” YOUNG (LA RIOT) § 12-year NBA career after being drafted #16 overall in the 2007 NBA Draft (1x
Slide 34: Foundation Built by Past Stars
FOUNDATION BUilt by PAst stArs AMAR'E STOUDEMIRE (TRI-STATE) § 14-year NBA career after being drafted #9 overall in the 2002 NBA Draft § 6x NBA All-Star, 2003 NBA Rookie of the Year ALLEN IVERSON (3'S COMPANY) § 14-year NBA career after being drafted #1 overall in the 1996 NBA Draft § NBA MVP (2001)
Slide 35: Risk Factors
[RISK FACTORS 35 Certain factors may have a material adverse effect on the business, financial condition and results of operations of BIG3. The risks and uncertainties described below are not the only ones that the Parties face. Additional risks that the Parties are unaware of, or that the Parties c
Slide 36: Risk Factors: Intellectual Property
[RISK FACTORS 36 Risks Related to BIG3’s Intellectual Property § BIG3 may be unable to protect and enforce BIG3's intellectual property rights, which could enable others to copy or use aspects of BIG3's intellectual property rights without compensating BIG3, which may substantially harm BIG3's busin
Slide 37: Risk Factors: Business Combination
[RISK FACTORS 37 General Risks Related to the Business Combination § The requirements of being a public company may strain Pubco’s resources, divert its management’s attention and affect its ability to attract and retain qualified board members. § Past performance by Graf’s management team and their