General Catalyst Global Resilience Merger Corp. filed its quarterly report on Form 10-Q with the U.S. Securities and Exchange Commission for the quarter ended June 30, 2026, covering financial results from its inception on January 14, 2026 through that date.

Key Highlights

  • Trust Account: Cash held in the Trust Account totaled $404,743,359 as of June 30, 2026, according to the balance sheet.
  • IPO Completion: The company consummated its Initial Public Offering on May 1, 2026, selling 40,250,000 GRAIL securities, including 5,250,000 sold pursuant to the full exercise of the Over-Allotment Option.
  • Net Income: Net income for the three months ended June 30, 2026 was $1,850,779, driven by $2,243,359 in interest earned on cash held in the Trust Account.
  • Shareholders' Deficit: Total shareholders' deficit as of June 30, 2026 stood at $(13,551,429), reflecting an accumulated deficit of $(13,552,023).
  • Class A Redemption Value: 40,250,000 Class A ordinary shares were subject to possible redemption at $10.06 per share as of June 30, 2026.
  • 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.: Q2 2026 Financial Position and Operating Activity

General Catalyst Global Resilience Merger Corp. (NASDAQ: GCGR), a blank check company incorporated in the Cayman Islands and headquartered in Cambridge, Massachusetts, reported its first set of financial statements since inception on January 14, 2026. The company is structured as a special purpose acquisition company and completed its IPO on May 1, 2026, raising proceeds that were deposited into a Trust Account. According to the filing, the Trust Account held $404,743,359 as of June 30, 2026, representing the primary asset on the balance sheet, which totaled $406,281,674.

The company reported general and administrative expenses of $460,939 for the period from inception through June 30, 2026, and $392,580 for the three months ended June 30, 2026. Interest earned on cash held in the Trust Account of $2,243,359 offset these costs, resulting in net income of $1,782,420 for the inception-to-date period and $1,850,779 for the three-month period, the filing disclosed. Basic and diluted net income per share was $0.09 for redeemable Class A ordinary shares for the inception-to-date period and $0.06 for the three months ended June 30, 2026.

On the liabilities side, the filing reported a deferred underwriting fee of $14,087,500 and total liabilities of $15,089,744. Net cash used in operating activities was $(427,411) for the inception-to-date period, while investing activities reflected $(402,500,000) related to the investment of cash into the Trust Account. The company also sold 905,000 Private Placement GRAIL securities, generating proceeds of $9,050,000, according to the statements of changes in shareholders' deficit. Each redeemable warrant included as part of the GRAIL securities is exercisable for one Class A ordinary share at an exercise price of $11.50, per the filing's cover page.

What Was Disclosed

The filing covers the period from January 14, 2026 (inception) through June 30, 2026, presenting balance sheet, income statement, and cash flow data for General Catalyst Global Resilience Merger Corp. following its May 1, 2026 IPO of 40,250,000 GRAIL securities.