General Catalyst Global Resilience Merger Corp. filed its Form 10-Q with the SEC on November 13, 2026, covering the quarter ended September 30, 2026, its first quarterly report following an initial public offering completed on May 1, 2026.

Key Highlights

  • IPO completed May 1, 2026: The company sold 40,250,000 GRAIL securities, including 5,250,000 sold pursuant to the full exercise of the over-allotment option, according to the filing.
  • Trust Account balance: Cash held in the Trust Account totaled $408,393,365 as of September 30, 2026.
  • Redemption value: 40,250,000 Class A ordinary shares were subject to possible redemption at $10.15 per share as of September 30, 2026.
  • Net income for the quarter: The company reported net income of $3,391,313 for the three months ended September 30, 2026, driven by $3,650,006 in interest earned on the Trust Account.
  • Accumulated deficit: Total shareholders' deficit stood at $(13,810,122) as of September 30, 2026, reflecting $(13,810,716) in accumulated deficit.
  • Shares outstanding: As of November 13, 2026, there were 41,155,000 Class A ordinary shares and 5,031,250 Class B ordinary shares issued and outstanding.
  • Shell company status: The registrant indicated it is a shell company as defined in Rule 12b-2 of the Exchange Act.

General Catalyst Global Resilience Merger Corp.: Financial Position After Inception-to-Date Operations

General Catalyst Global Resilience Merger Corp. (NASDAQ:GCGR), a blank check company incorporated in the Cayman Islands, reported its first quarterly financial results following its May 1, 2026 IPO. According to the filing, the company raised proceeds from the sale of 40,250,000 GRAIL securities - each consisting of one Class A ordinary share and one-fourth of one redeemable warrant - with the full over-allotment option exercised by underwriters. Private placement of 905,000 GRAIL securities generated $9,050,000 in additional proceeds, the filing disclosed.

For the period from January 14, 2026 (inception) through September 30, 2026, the company reported net income of $5,173,733, with interest earned on the Trust Account of $5,893,365 more than offsetting general and administrative expenses of $719,632. For the three months ended September 30, 2026 specifically, net income was $3,391,313. Basic and diluted net income per share was $0.07 for redeemable Class A ordinary shares and $0.07 for non-redeemable Class A and Class B ordinary shares for the quarterly period, the filing stated.

The balance sheet as of September 30, 2026 showed total assets of $409,109,791, of which $408,393,365 was held in the Trust Account. Total liabilities were $14,526,548, including a deferred underwriting fee of $14,087,500. The company also reported accrued offering costs of $75,000 and amounts due to a related party of $100,000 among current liabilities. Net cash used in operating activities for the inception-to-date period was $(505,947), according to the cash flow statement.

What Was Disclosed

The filing covers the quarterly and inception-to-date financial statements of a newly formed SPAC, disclosing its Trust Account balance, share structure, net income driven by trust interest, a deferred underwriting fee of $14,087,500, and a total shareholders' deficit of $(13,810,122) as of September 30, 2026.