General Catalyst Global Resilience Merger closes $402.5 million IPO
General Catalyst Global Resilience Merger Corp. closed its initial public offering on May 1, 2026, selling 40,250,000 GRAIL securities at $10.00 each, including the full exercise of the underwriters' over-allotment option, for gross proceeds of $402.5 million. The company is a blank check company with no business combination announced in the filing, and its proceeds are to be held in a trust account until it completes an initial business combination.
Key points
- 40,250,000 GRAIL securities sold at $10.00 each on May 1, 2026, for gross proceeds of $402.5 million, including 5,250,000 over-allotment securities
- Sponsor GCGR Sponsor LLC bought 905,000 private placement GRAIL securities for $9.05 million
- GRAIL securities began trading on Nasdaq as GCGRU on April 30, 2026; shares and warrants are expected to trade as GCGR and GCGRW once separated
- Company must complete an initial business combination within 24 months of April 29, 2026, or 27 months if a letter of intent or agreement was signed within that period
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.