Company: BCAR
Filing Date: 2025-06-11
Form Type: S-1/A
Source: 0001829126-25-004386
Chunk: 184

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-06-11
Form: S-1/A
Chunk 184
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InFinT Acquisition Corporation

Mr. Chen previously served board member of
InFinT Acquisition Corporation from November 2021 to August 2024. INFINT Acquisition Corporation completed its initial public offering
on November 23, 2021, in which it raised aggregate proceeds of approximately $199,998,800. On August 3, 2022, InFinT Acquisition Corporation
announced that it had entered into a definitive agreement for a business combination with Seamless Group Inc., a Cayman Islands exempted
company (“Seamless”). On August 6, 2023, InFinT Acquisition Corporation held a special meeting of stockholders to approve
the business combination and between the initial public offering and the special meeting to approve the business combination, approximately
15,252,859 public shares were redeemed, representing approximately 76% of the public shares issued in InFinT Acquisition Corporation’s
initial public offering. Following the closing of the business combination with Seamless on August 30, 2024, the common stock of Seamless
began trading on Nasdaq on August 31, 2024, under the ticker symbols “CURR”. On June 5, 2025, the closing sale price of CURR
was $0.50. As of June 5, 2025, the aggregate market capitalization of Seamless reflects a market value of approximately $23,264,000.

However, in recent years, a number of target businesses have underperformed financially post-business combination with a SPAC. As a result, we cannot assure you that we will properly ascertain or assess all of the significant risk factors associated with a target business or that the price of the shares of the combined entity post-business combination will increase.

With respect to the foregoing experiences of our management team, past performance is not a guarantee (i) that we will be able to identify a suitable candidate for our initial business combination or (ii) of success with respect to any business combination we may consummate. You should not rely on the historical record and performance of the members of our management team as indicative of the future performance of an investment in us or the financial returns we may, or are likely to, generate going forward. For more information on the experience and background of our management team, see the section entitled “Management.”

<div align='center'>Our Acquisition Process</div>

In evaluating a prospective target business, we expect to conduct a due diligence review which may encompass, among