Company: BCAR
Filing Date: 2025-09-03
Form Type: 10-Q
Source: 0001829126-25-007047
Chunk: 5

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-09-03
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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 and directors have entered into a letter agreement with the
         Company, pursuant to which they have agreed to (i) waive their redemption rights with
         respect to their founder shares, private shares and public shares in connection with
         the completion of our initial business combination; (ii) waive their redemption rights
         with respect to their founder shares, private shares and public shares in connection
         with a shareholder vote to approve an amendment to our amended and restated memorandum
         and articles of association; (iii) waive their rights to liquidating distributions
         from the trust account with respect to their founder shares and private shares if
         the Company fail to complete our initial business combination within the completion
         window, although they will be entitled to liquidating distributions from the trust
         account with respect to any public shares they hold if the Company fail to complete
         our initial business combination within the prescribed time frame and to liquidating
         distributions from assets outside the trust account; and (iv) vote any founder shares
         and private shares held by them 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).
       
      The Company will have until 18 months from the closing of the Initial Public Offering,
         with one (1) three-month extension at the option of the sponsor (as may be extended
         by shareholder approval to amend our amended and restated memorandum and articles
         of association to extend the date by which the Company must consummate our initial
         business combination) or until such earlier liquidation date as our board of directors
         may approve, to consummate a Business Combination (the “Combination Period”). If the
         Company is unable to complete a Business Combination within the Combination Period,
         the Company will (i) cease all operations except for the purpose of winding up, (ii)
         as promptly as reasonably possible but not more than ten business days thereafter
         (and subject to lawfully available funds therefor), redeem the public shares, at a
         per-share price, payable in cash, equal to the aggregate amount then on deposit in
         the trust account, including interest earned on the funds held in the trust account
         (which interest