Company: BCAR
Filing Date: 2025-04-29
Form Type: S-1
Source: 0001829126-25-003006
Chunk: 241

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-04-29
Form: S-1
Chunk 241
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 in open market transactions, potentially at a loss.

If we seek shareholder approval in connection
with our initial business combination, our sponsor, officers and directors and D. Boral Capital have agreed to vote their founder shares,
private shares, representative shares and any public shares purchased during or after this offering (including in open market and privately-negotiated
transactions) in favor of our initial business combination (except that any public shares such parties may purchase in compliance with
the requirements of Rule 14e-5 under the Exchange Act would not be voted in favor of approving the business combination transaction).
As a result, in addition to our founder shares, private shares and the representative shares, we would need 5,739,286 public shares,
or 22.9% of the 25,000,000 public shares sold in this offering, to be voted in favor of an initial business combination in order to have
our initial business combination approved, assuming all outstanding shares are voted, the over-allotment option is not exercised and
the parties to the letter agreement do not acquire any Class A ordinary shares. Assuming that only the holders of one-third of our issued
and outstanding ordinary shares, representing a quorum under our amended and restated memorandum and articles of association vote their
shares at a general meeting of the company, we will not need any public shares in addition to our founder shares and private shares to
be voted in favor of an initial business combination in order to approve an initial business combination. Additionally, each public shareholder
may elect to redeem their public shares irrespective of whether they vote for or against the proposed transaction, or whether they do
not vote or abstain from voting on the proposed transaction, or whether they were a public shareholder on the record date for the general
meeting held to approve the proposed transaction.

Pursuant to our amended and restated memorandum and articles of association, if we have not completed our initial business combination within the completion window, we will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter (and subject to lawfully available funds therefor), redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds held in the trust account (which interest shall be net of taxes and less up to $100,000 of interest to pay dissolution expenses), divided by the number of then-outstanding public