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Graf Acquisition Corp. IV (NYSE: GFOR.U) announced that starting July 12, 2021, holders of units from its initial public offering can separately trade shares of common stock and warrants. The common stock will trade under the symbol 'GFOR' and warrants under 'GFOR WS.' Units not separated will continue to trade as 'GFOR.U.' The company, led by James Graf and a diverse management team, is targeting business combinations across various industries including technology and healthcare. J.P. Morgan and Oppenheimer & Co. served as book-running managers for the offering.
Graf Acquisition Corp. IV (NYSE: GFOR) has successfully closed the issuance of an additional 2,161,500 units from its IPO, marking 96.1% of the total over-allotment option. This sale at $10.00 per unit yields gross proceeds of $21,615,000, raising total proceeds from the IPO to $171,615,000. Led by a diversified management team, the Company aims to pursue business combinations across multiple sectors, including technology and healthcare, leveraging their extensive industry networks. J.P. Morgan and Oppenheimer & Co. managed the offering.