General Catalyst Global Resilience SPAC Raises $402.5M in $10 IPO
General Catalyst Global Resilience Merger Corp. completed a $402.5 million IPO by selling 40.25 million units at $10 each, including a 5.25 million-unit over-allotment. Each unit comprises one Class A share and one-quarter warrant, with whole warrants exercisable at $11.50; separate listing of shares and warrants is planned.
1. IPO Closing Details
General Catalyst Global Resilience Merger Corp. sold 40.25 million GRAIL units at $10.00 per unit, raising $402.5 million, including full exercise of the 5.25 million-unit over-allotment. Each unit consists of one Class A ordinary share and one-quarter of a redeemable warrant.
2. Trading Symbols and Terms
GRAIL units began trading on the Nasdaq Global Market under GCGRU on April 30, 2026. Once units separate, Class A shares and warrants will list under GCGR and GCGRW, with each whole warrant allowing purchase of one Class A share at $11.50 per share.
3. SPAC Focus and Strategy
The blank check company aims to merge with targets in global resilience sectors – including aerospace, defense, industrials, manufacturing and energy. Management emphasizes aligned capital, strategic support and long-term orientation to partner with mission-oriented founders and companies.