First Trust Capital Management L.P. Reports 4.47% Stake in Graf Global Corp.

On May 15, 2026, First Trust Capital Management L.P. (FTCM) filed a Schedule 13G/A regarding its holdings in Graf Global Corp. (GRAF). The filing indicates that as of March 31, 2026, FTCM, along with its control persons First Trust Capital Solutions L.P. and FTCS Sub GP LLC, beneficially owns 1,027,441 Class A Ordinary Shares, representing a 4.47% ownership stake. This is an increase from the previously reported 0.0% ownership. Within this total, the First Trust Merger Arbitrage Fund (VARBX) specifically holds 908,218 shares, or 3.95% of the company. FTCM serves as the investment adviser to various client accounts, including VARBX, and maintains sole voting and dispositive power over the reported shares. The filing was submitted as a passive investment disclosure under Rule 13d-1(b), certifying that the shares were acquired in the ordinary course of business and not for the purpose of influencing or changing the control of the issuer.