General Catalyst Global Resilience Merger Corp. said it has priced its initial public offering at 35 million units, each sold at $10.00, generating $350 million in gross proceeds. The units are scheduled to begin trading on Nasdaq under the symbol "GCGRU" on April 30, 2026.
Each unit is comprised of one Class A ordinary share and one-fourth of a redeemable warrant. When traded separately, the Class A shares and the warrants will carry the symbols "GCGR" and "GCGRW," respectively. Whole warrants grant holders the right to acquire Class A shares at an exercise price of $11.50 per share, though that amount is subject to adjustments as described in the offering materials.
The company said the offering is expected to close on May 1, 2026, subject to customary closing conditions. Citigroup Global Markets Inc. acted as the sole book-running manager for the offering, with Academy Securities Inc. serving as co-manager. Underwriters were granted a 45-day option to purchase up to an additional 5.25 million units to cover potential over-allotments.
According to the company, the Securities and Exchange Commission declared the registration statement effective on April 29, 2026. General Catalyst Global Resilience is incorporated in the Cayman Islands as a blank check company, established to complete mergers or business combinations with other entities.
The firm indicated it intends to concentrate its future dealmaking on what it defines as Global Resilience sectors, listing aerospace and defense, national security, industrials and manufacturing as areas of focus. The details above are based on a company press release.
Context and mechanics
- Offering size: 35 million units priced at $10.00 each, totaling $350 million in gross proceeds.
- Trading commencement for units: Nasdaq ticker "GCGRU" on April 30, 2026; separate trading for Class A shares and warrants under "GCGR" and "GCGRW" when they begin trading independently.
- Underwriting structure: Citigroup Global Markets Inc. as sole book-runner; Academy Securities Inc. as co-manager; 45-day over-allotment option for up to 5.25 million additional units.