Company: BCAR
Filing Date: 2025-04-29
Form Type: S-1
Source: 0001829126-25-003006
Chunk: 128

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-04-29
Form: S-1
Chunk 128
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 determining whether any
dividend we pay would be considered “qualified dividend income” for U.S. federal income tax purposes. See the section
titled “Taxation — Material United States Federal Income Tax Considerations” for a summary of the
U.S. federal income tax considerations of an investment in our securities. Prospective investors are urged to consult their tax
advisors with respect to these and other tax consequences applicable to their specific circumstances when acquiring, owning or
disposing of our securities.

Whether a redemption of Class A ordinary shares will be treated as a sale of such Class A ordinary shares for U.S. federal income tax purposes will depend on a shareholder’s specific facts.

The U.S. federal income tax treatment of a
redemption of Class A ordinary shares will depend on whether the redemption qualifies as a sale of such Class A ordinary shares
under Section 302(a) of the Internal Revenue Code of 1986, as amended (the “Code”), which will depend largely on
the total number of our shares treated as held by the shareholder electing to redeem Class A ordinary shares (including any shares
constructively owned by the holder as a result of owning warrants) relative to all of our shares outstanding both before and after
the redemption. If such redemption is not treated as a sale of Class A ordinary shares for U.S. federal income tax purposes, the
redemption will instead be treated as a corporate distribution of cash from us. For more information about the U.S. federal income
tax treatment of the redemption of Class A ordinary shares, see the section entitled “Taxation — Material United States Federal Income Tax Considerations.”

We may amend the terms of the warrants in a manner that may be adverse to holders of public warrants with the approval by the holders of at least 50% of the then outstanding public warrants. As a result, the exercise price of your warrants could be increased, the exercise period could be shortened and the number of Class A ordinary shares purchasable upon exercise of a warrant could be decreased, all without your approval.

Our warrants will be issued in registered form under a warrant agreement between Odyssey Transfer and Trust Company, as warrant agent, and us. The warrant agreement provides that the terms of the warrants may be amended without the consent of any holder for the purpose of (i) curing any ambiguity or to correct any defective provision or mistake, including to conform the provisions of the warrant agreement to the description of the terms of the warrants and the warrant agreement set forth in this prospectus, (