Big3 Basketball, a professional 3-on-3 basketball league, founded by O’Shea Jackson, also known as Ice Cube, and entertainment executive Jeff Kwatinetz, is merging with SPAC Graf Global Corp.
Big3 Basketball will be listed on the New York Stock Exchange, NYSE American, or Nasdaq under the ticker symbol TONT. The merger values Big3 at at $290 million on a pre-money basis.
MC Strategic Advisors LLC is acting as financial advisor to Big3. Ellenoff Grossman & Schole LLP is acting as legal advisor to Big3. White & Case LLP is acting as legal advisor to GRAF.