Company: BCAR
Filing Date: 2025-07-23
Form Type: S-1/A
Source: 0001829126-25-005309
Chunk: 311

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-07-23
Form: S-1/A
Chunk 311
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 Restrictions Transfers of Founder Shares and Private Units.”

Representative Shares

We have agreed to issue to D. Boral Capital and/or
its designees, 1,000,000 ordinary shares (whether or not the over-allotment is exercised) upon the consummation of this offering. D.
Boral Capital has agreed not to transfer, assign or sell any such shares until the completion of our initial business combination without
our written consent. In addition, D. Boral Capital has agreed (i) to waive its redemption rights with respect to such shares in connection
with the completion of our initial business combination and (ii) to waive its rights to liquidating distributions from the trust account
with respect to such shares if we fail to complete our initial business combination within the periods of time as provided in our amended
and restated memorandum and articles of association. The shares issued to D. Boral Capital will be granted customary registration rights
in compliance with FINRA Rule 5110(g)(8).

The shares have been deemed compensation by
FINRA and are therefore subject to a lock-up for a period of 180 days immediately following the commencement of sales of this offering
pursuant to FINRA Rule 5110(e)(1). Pursuant to this FINRA lock-up, these securities cannot be sold, transferred, assigned, pledged
or hypothecated or the subject of any hedging, short sale, derivative, put or call transaction that would result in the economic disposition
of the securities by any person for a period of 180 days from the commencement of sales of this offering except as permitted under FINRA
Rule 5110(e)(2), including to any underwriter and selected dealer participating in the offering and their officers or partners,
registered persons or affiliates. These securities have resale registration rights including two demands (one at our expense and one
at D. Boral Capital’s expense) and unlimited “piggy-back” for a period of five to seven years, respectively, from the
commencement of the sales of this offering.

Determination of Offering Price

Prior to this offering, there has been no public market for our securities. Consequently, the initial public offering price for the units was determined by negotiations between us and the representative. The determination of our per unit offering price was more arbitrary than would typically be the case if we were an operating company. Among the factors considered in determining the initial public offering price were the history and prospects of companies whose principal business is the acquisition of other