Company: BCAR
Filing Date: 2025-07-23
Form Type: S-1/A
Source: 0001829126-25-005309
Chunk: 60

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-07-23
Form: S-1/A
Chunk 60
---
 such approval. Accordingly, we may complete our initial business combination even if holders of a majority of our ordinary shares do not approve of the business combination we complete. Please see the section entitled “Proposed Business — Shareholders May Not Have the Ability to Approve Our Initial Business Combination” for additional information.

If we seek shareholder approval of our initial business combination, our initial shareholders, the representative and management team have agreed to vote in favor of such initial business combination, regardless of how our public shareholders vote and, under certain circumstances, we may not need any public shares in addition to the founder shares to approve an initial business combination.

Our initial shareholders (assuming they do not purchase any units in this offering) will own 30% of our issued and outstanding ordinary shares immediately following the completion of this offering (not including the Class A ordinary shares that are included within the private units).

Our initial shareholders and management team also
may from time to time purchase Class A ordinary shares prior to our initial business combination. Our amended and restated memorandum
and articles of association provides that, if we seek shareholder approval of an initial business combination, such initial business
combination will be approved if we receive an ordinary resolution under British Virgin Islands law and our amended and restated memorandum
and articles of association, which requires the affirmative vote of at least a majority of the votes cast by such shareholders as, being
entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the company. 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 ordinary shares at a general meeting of the company, we will not need any public shares in addition to our founder shares,
private shares and 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