Company: BCAR
Filing Date: 2025-07-23
Form Type: S-1/A
Source: 0001829126-25-005309
Chunk: 49

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-07-23
Form: S-1/A
Chunk 49
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 being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the company.        
 A quorum for such meeting will be present if the holders of at least one third of issued and outstanding shares entitled to vote         
 at the meeting are represented in person or by proxy. Our initial shareholders will count toward this quorum, and, our sponsor, officers 
 and directors pursuant to the letter agreement, and the representative of the underwriters pursuant to the underwriting agreement        
 solely with respect to the representative shares, have agreed to vote their founder shares, representative shares, private 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). For purposes        
 of seeking approval of an ordinary resolution, non-votes will have no effect on the approval of our initial business combination         
 once a quorum is obtained.                                                                                                               |   |                                                                                                                                                                                                               |
| 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 and the underwriting    
 agreement do not acquire any public 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, private shares and the representative shares       
 to be voted in favor of an initial business combination in order to approve an initial business combination. However, if our initial     
 business combination is structured as a statutory merger or consolidation of the company with another company under British Virgin       
 Islands law, the approval of our initial business combination will require an ordinary resolution, which requires the affirmative        
 vote of in excess of 50 percent of the votes of the holders of the ordinary shares as, being entitled to do so, vote in person or