BOSTON, MASSACHUSETTS, May 01, 2026 (GLOBE NEWSWIRE) -- General Catalyst Global Resilience Merger Corp. (the "Company"), announced today the closing of its initial public offering of 40,250,000 Global Resilience Aligned Initial Listing securities ("GRAIL securities") at a price of $10.00 per GRAIL security, including 5,250,000 GRAIL securities pursuant to the full exercise of the underwriters' over-allotment option. The GRAIL securities began trading on the Nasdaq Global Market under the ticker symbol "GCGRU" on April 30, 2026. Each GRAIL security consists of one Class A ordinary share of the Company and one-fourth of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share of the Company at a price of $11.50 per share, subject to certain adjustments. Once the securities comprising the GRAIL securities begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the Nasdaq Global Market under the symbols "GCGR" and "GCGRW," respectively.

"General Catalyst Global Resilience Merger Corp. was formed to partner with a company through aligned capital, strategic support, and a long-term orientation. We intend to focus ...