Company: BCAR
Filing Date: 2025-09-03
Form Type: 10-Q
Source: 0001829126-25-007047
Chunk: 11

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-09-03
Form: 10-Q
Item: Part I, Item 1
Chunk 11
---
VI business company with no connection to any other
         taxable jurisdiction and is presently not subject to income taxes or income tax filing
         requirements in the British Virgin Islands or the United States. As such, the provision
         for income taxes was deemed to be de minimis for the period from March 20, 2025 (inception) to June 30, 2025
       
      Derivative Financial Instruments
       
      The Company evaluates its financial instruments
to determine if such instruments are derivatives or contain features that qualify as embedded derivatives in accordance with ASC Topic
815, “Derivatives and Hedging.” For derivative financial instruments that are accounted for as liabilities, the derivative
instrument is initially recorded at its fair value on the grant date and is then re-valued at each reporting date, with changes in the
fair value reported in the statements of operations. The classification of derivative instruments, including whether such instruments
should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative liabilities are classified
in the balance sheet as current or non-current based on whether or not net cash settlement or conversion of the instrument could be required
within 12 months of the balance sheet date. The underwriters’ over-allotment option is deemed to be a freestanding financial instrument
indexed to the contingently redeemable shares and was accounted for as a liability pursuant to ASC 480 if not fully exercised at the
time of the Initial Public Offering.

    9

      Warrant Instruments
       
      The Company accounted for the 12,500,000 public warrants included in the Units issued
         in connection with the Initial Public Offering and 100,000 private warrants issued
         in connection with the Initial Public Offering and the private placement in accordance
         with the guidance contained in FASB ASC Topic 815, “Derivatives and Hedging”. Accordingly,
         the Company evaluated and classified the warrant instruments under equity treatment
         at their assigned values.
       
      Class A Ordinary Shares Subject to Possible Redemption
       
      The public shares contain a redemption feature which allows for the redemption of
         such public shares in connection with the Company’s liquidation, or if there is a shareholder vote or tender offer in connection with
         the Company’s initial Business Combination. In accordance with ASC 480-10-S99, the Company classifies
         public shares subject to redemption outside of permanent equity as the redemption
         provisions are not solely within the