Company: BCAR
Filing Date: 2025-04-29
Form Type: S-1
Source: 0001829126-25-003006
Chunk: 74

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-04-29
Form: S-1
Chunk 74
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 conditions under Rule 2a-7 under the Investment Company Act which invest only in direct U.S. government treasury obligations; the holding of these assets in this form is intended to be temporary and for the sole purpose of facilitating the intended business combination. To mitigate the risk that we might be deemed to be an investment company for purposes of the Investment Company Act, which risk increases the longer that we hold investments in the trust account, we may, at any time (based on our management team’s ongoing assessment of all factors related to our potential status under the Investment Company Act), instruct the trustee to liquidate the investments held in the trust account and instead to hold the funds in the trust account in cash or in an interest bearing demand deposit account at a bank.

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Pursuant to the trust agreement, the trustee is
not permitted to invest in securities or assets other than as described above. By restricting the investment of the proceeds to
these instruments, and by having a business plan targeted at acquiring and growing businesses for the long term (rather than on
buying and selling businesses in the manner of a merchant bank or private equity fund), we intend to avoid being deemed an
“investment company” within the meaning of the Investment Company Act. This offering is not intended for persons who are
seeking a return on investments in government securities or investment securities. The trust account is intended solely as a
temporary depository for funds pending the earliest to occur of: (i) the completion of our initial business combination; (ii) the
redemption of any public shares properly submitted in connection with a shareholder vote to amend our amended and restated
memorandum and articles of association (A) in a manner that would affect the substance or timing of our obligation to redeem 100% of
our public shares if we do not complete our initial business combination within the completion window; or (B) with respect to any
other provision relating to the rights of holders of our Class A ordinary shares or pre-initial business combination activity; or
(iii) absent an initial business combination within the completion window, from the closing of this offering, our return of the
funds held in the trust account to our public shareholders as part of our redemption of the public shares.

We are aware of litigation claiming that certain SPACs should be considered to be investment companies. Although we believe that these claims were without merit, we cannot guarantee that we will not be deemed to be an investment company and thus subject to