Company: BCAR
Filing Date: 2025-09-03
Form Type: 10-Q
Source: 0001829126-25-007047
Chunk: 7

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-09-03
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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 reserve for such indemnification
         obligations, nor has the Company independently verified whether our sponsor has sufficient
         funds to satisfy its indemnity obligations and the Company believe that our sponsor’s only assets are securities of our company. Therefore, the Company cannot assure
         you that our sponsor would be able to satisfy those obligations. As a result, if any
         such claims were successfully made against the trust account, the funds available
         for our initial business combination and redemptions could be reduced to less than
         $10.00 per public share. In such event, the Company may not be able to complete our
         initial business combination, and you would receive such lesser amount per share in
         connection with any redemption of your public shares. None of our officers or directors
         will indemnify us for claims by third parties including, without limitation, claims
         by vendors and prospective target businesses.
       
      Liquidity and Capital Resources
       
      As of June 30, 2025, the Company had $25,000 of cash in its operating bank account and working capital deficit of $189,461.
       
      The Company’s liquidity needs prior to the consummation of the Initial Public Offering were satisfied
         through the payment of $25,000 from the Sponsor to cover for certain offering costs
         on the Company’s behalf in exchange for issuance of Founder Shares (as defined in Note 4), and loan
         from the Sponsor of $214,461 under the Note (as defined in Note 4) as of June 30, 2025. On August 1, 2025, the Company has repaid $225,461 under the promissory note. Subsequent to the consummation of the Initial Public Offering, the Company’s liquidity has been satisfied through the net proceeds from the consummation of the
         Initial Public Offering and the Private Placement held outside of the Trust Account.
         In addition, in order to finance transaction costs in connection with a Business Combination,
         the Sponsor or an affiliate of the Sponsor, or certain of the Company’s officers and directors may, but are not obligated to, provide the Company Working
         Capital Loans (as defined in Note 4). As of June 30, 2025 and August 1, 2025, there were no amounts outstanding under any Working Capital Loan.
       
      In connection with the Company’s assessment
of going concern considerations in accordance with Accounting Standards Update (“ASU”)