GCGR · General Catalyst Global Resilience Merger Corp.

General Catalyst Global Resilience Merger Corp., a Cayman Islands blank check company targeting global resilience sectors, successfully closed its upsized IPO on May 1, 2026, after pricing on April 29. The offering included 40,250,000 Public GRAIL Securities at $10.00 each, fully exercising the underwriters' 5,250,000 over-allotment option, for $402.5 million gross proceeds. Each unit bundles one Class A ordinary share ($0.0001 par) and 1/4 redeemable warrant (full warrant exercisable for one share at $11.50 post-business combination). Concurrently, sponsor GCGR Sponsor LLC bought 905,000 Private Placement GRAIL Securities (including over-allotment portion) for $9.05 million; these mirror public units but carry transfer restrictions until 30 days post-initial business combination and non-redeemable warrants. Key agreements executed include the Underwriting Agreement with Citigroup Global Markets Inc., trust setup with Continental Stock Transfer & Trust Company for IPO/private proceeds, warrant terms, registration rights granting sponsor board nomination post-combination, a letter agreement mandating sponsor vote support for business combination and transfer limits, and administrative services at $20,000/month. The company also adopted amended governing documents. Trading begins under GCGRU, with separate share/warrant symbols GCGR/GCGRW post-detachment. This capital raise positions the SPAC for pursuing merger or acquisition within 24-27 months.