General Catalyst SPAC closes $402.5M IPO; trust funded, no target yet

General Catalyst Global Resilience Merger Corp.

IPO of 40,250,000 GRAIL securities at $10.00/unit, including full over-allotment exercise.
Trust Account holds $402.5M ($10.00 per Public Share) from IPO and private placement proceeds.
Private placement of 905,000 GRAIL securities to sponsor GCGR Sponsor LLC for $9.05M.
Transaction costs of $22.17M, including $14.09M deferred underwriting fee.
Working capital of $846k as of May 1, 2026; must complete initial business combination within 24 months.

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