General Catalyst Global Resilience Merger Corp. closes $402.5 million IPO
General Catalyst Global Resilience Merger Corp., a blank check company, completed its initial public offering on May 1, 2026, selling 40,250,000 units at $10.00 each, including the full exercise of the underwriters' over-allotment option. The $402.5 million in offering proceeds was placed in a trust account, which the company may use only for a business combination or to redeem public shares, and the filing states no target has been selected.
Key points
- 40,250,000 GRAIL securities sold at $10.00 each, including 5,250,000 from the over-allotment option, for gross proceeds of $402,500,000
- Sponsor GCGR Sponsor LLC bought 905,000 private placement securities at $10.00 each, for $9,050,000
- $402,500,000 placed in a trust account with Continental Stock Transfer & Trust Company as trustee
- Company has 24 months from the IPO closing to complete a business combination, or 27 months if it has signed a letter of intent
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 07, 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.