SPAC company General Catalyst Global Resilience Merger (GCGRU.US) applies for a US stock IPO and plans to raise $350 million with a focus on the aerospace and defense sectors.

Supported by General Catalyst and focused on the aerospace, defense, and national security sectors, the special purpose acquisition company (SPAC) General Catalyst Global Resilience Merger (GCGRU.US) submitted a filing to the U.S. Securities and Exchange Commission (SEC) on Monday, aiming to raise up to $350 million through an initial public offering (IPO). The company plans to issue 35 million units at a price of $10 per unit, raising $350 million. Each fund unit consists of one common stock and a quarter of a warrant exercisable at a price of $11.50. Unlike most SPACs, the company's shares will have a variable conversion ratio after the merger is completed. General Catalyst Global Resilience Merger is led by CEO Paul Kwan, who also serves as Managing Director at General Catalyst and was previously head of the West Coast Technology Investment Banking at Morgan Stanley. Other members of the management team working with him include CFO Christopher Kauffman (General Catalyst partner, former CFO of Ruggable) and Chairman Hemant Taneja (Managing Director and CEO of General Catalyst). The SPAC plans to focus on investments in the aerospace, defense, national security, and related industries, specifically targeting companies in areas such as software-defined defense platforms, advanced manufacturing and industrial automation, and alternative energy solutions. Founded in 2026 and headquartered in Cambridge, Massachusetts, the company intends to list on Nasdaq with the ticker symbol GCGRU. Citigroup is the sole book-running manager for this transaction, with the company having secretly filed for a public offering on March 9, 2026.