Company: BCAR
Filing Date: 2025-07-23
Form Type: S-1/A
Source: 0001829126-25-005309
Chunk: 162

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-07-23
Form: S-1/A
Chunk 162
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 operating revenues until after completion of our initial business combination. We will generate non-operating income in the form of interest income on cash and cash equivalents after this offering. There has been no significant change in our financial or trading position and no material adverse change has occurred since the date of our audited financial statements. After this offering, we expect to incur increased expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses. We expect our expenses to increase substantially after the closing of this offering.

Liquidity and Capital Resources

Our liquidity needs have been satisfied prior to the completion of this offering through $350,000 in promissory notes from our sponsor ($48,420 of which has been drawn down at March 31, 2025).

We estimate that the net proceeds from the sale
of the units in this offering and the sale of the private units for an aggregate purchase price of $2,000,000 (whether or not the over-allotment
option is exercised), after deducting offering expenses of approximately $700,000, will be $251,300,000 (or $288,800,000 if the underwriters’
over-allotment option is exercised in full). $250,000,000 (or $287,500,000 if the underwriters’ over-allotment option is exercised
in full) will be held in the trust account. The proceeds held in the trust account will initially be invested only in U.S. government
treasury obligations with a maturity of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under
the Investment Company Act which invest only in direct U.S. government treasury obligations; the holding of these assets in this form
is intended to be temporary and for the sole purpose of facilitating the intended business combination. To mitigate the risk that we
might be deemed to be an investment company for purposes of the Investment Company Act, which risk increases the longer that we hold
investments in the trust account, we may, at any time (based on our management team’s ongoing assessment of all factors related
to our potential status under the Investment Company Act), instruct the trustee to liquidate the investments held in the trust account
and instead to hold the funds in the trust account in cash or in an interest bearing demand deposit account. The remaining approximately $1,300,000 (whether or not the over-allotment option
is exercised