General Catalyst Global Resilience Merger Corp. IPO

General Catalyst Global Resilience Merger Corp., a blank check company, announced the closing of its initial public offering, raising $402.5 million. The company's GRAIL securities began trading on the Nasdaq-100 under the ticker symbol 'GCGRU' on April 30, 2026. The offering included 40,250,000 GRAIL securities at $10.00 each, with the full exercise of the underwriters' over-allotment option. Each GRAIL security consists of one Class A ordinary share and one-fourth of one redeemable warrant. Paul Kwan, CEO of General Catalyst Global Resilience Merger Corp., stated the company's intent to focus on global resilience sectors such as aerospace and defense, industrials, manufacturing, and energy. Citigroup — Citigroup Global Markets served as the sole book-running manager, and Phil McConkey acted as co-manager. The United States — United States Securities and Exchange Commission declared the registration statement effective on April 29, 2026.