Monitor for any 8-K filings announcing a definitive business combination agreement or letter of intent, which would trigger the 24-month countdown and potential redemption dynamics. The SPAC has a clean balance sheet with $10.00 per share in trust and minimal working capital — any deal announcement will need to address the trust value and sponsor alignment.
Price Chart
Executive Summary
General Catalyst Global Resilience Merger Corp. (GCGRU) filed an 8-K reporting the consummation of its IPO on May 1, 2026, raising $402.5 million in gross proceeds from 40.25 million GRAIL securities at $10.00 per unit. The filing includes an audited balance sheet showing $402.5 million held in trust and a working capital of $846,176, with no operating revenues or business combination target identified yet.
Key Facts
- IPO of 40,250,000 GRAIL securities at $10.00 per unit closed on May 1, 2026, generating $402,500,000 in gross proceeds
- Underwriters fully exercised over-allotment option for 5,250,000 additional GRAIL securities
- Simultaneous private placement of 905,000 GRAIL securities to sponsor GCGR Sponsor LLC for $9,050,000
- Total proceeds of $402,500,000 deposited into trust account at $10.00 per public share
- Cash held in trust account: $402,500,000; working capital: $846,176; total assets: $404,225,680
- Company has 24 months (or 27 months with letter of intent) to complete a business combination or will liquidate
- No business combination target selected or substantive discussions initiated as of filing date
- Transaction costs totaled $22,165,490 including $7,050,000 cash underwriting fee and $14,087,500 deferred underwriting fee
- 10,288,750 warrants outstanding: 10,062,500 public warrants and 226,250 private placement warrants
- 5,031,250 Class B ordinary shares (Alignment Shares) issued to sponsor; 60,000 transferred to three directors
Financial Impact
IPO raised $402.5 million in gross proceeds, with $402.5 million placed in trust. Transaction costs of $22.2 million incurred. No operating revenues generated.
Risk Factors
- No business combination target identified; risk of liquidation if no deal completed within 24 months
- Shareholders have redemption rights at $10.00 per share upon any business combination, which could limit deal financing
- Sponsor's indemnification obligations may be unenforceable as sponsor's only assets are company securities
- Geopolitical risks (Russia-Ukraine, Israel-Hamas, Middle East) could disrupt search for target business
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-053394 |
| Document: ea0289136-8k_general.htm | 0001213900-26-053394 |
| Document: 0001213900-26-053394-index-headers.html | 0001213900-26-053394 |
| Document: 0001213900-26-053394-index.html | 0001213900-26-053394 |
| Document: 0001213900-26-053394.txt | 0001213900-26-053394 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 16, 2026 18w ago | Press Release | $10.22 $10.49 | ▲ +2.64% | ▲ +1.32% | $10.18 (−0.39%) |
May 7, 2026 24w ago | 8-K | $10.10 $10.22 | ▲ +1.19% | ▲ +1.16% | $10.18 (+0.79%) |
May 4, 2026 25w ago | 8-K | $10.08 $10.25 | ▲ +1.69% | ▼ −3.27% | $10.18 (+0.99%) |
May 1, 2026 25w ago | Press Release | $10.07 $10.24 | ▲ +1.69% | ▼ −3.60% | $10.18 (+1.09%) |
Apr 29, 2026 25w ago | Press Release | $10.05 $10.25 | ▲ +1.99% | ▼ −3.24% | $10.18 (+1.29%) |
US Market Status
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