Company: BCAR
Filing Date: 2025-07-23
Form Type: S-1/A
Source: 0001829126-25-005309
Chunk: 251

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-07-23
Form: S-1/A
Chunk 251
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pursuant to the proxy rules and not pursuant to the tender offer rules. If we seek shareholder approval, we will complete our initial
business combination only if we receive an ordinary resolution under British Virgin Islands law and our amended and restated memorandum
and articles of association, which requires the affirmative vote of at least a majority of the votes cast by such shareholders as, being
entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the company. However,
if our initial business combination is structured as a statutory merger or consolidation of the company with another company under British
Virgin Islands law, the approval of our initial business combination will require an ordinary resolution, which requires the affirmative
vote of in excess of 50 percent of the votes of the holders of the ordinary shares as, being entitled to do so, vote in person or, where
proxies are allowed, by proxy at the applicable general meeting, (noting that the amended and restated memorandum and articles of association
of the Company will require that resolutions put to the vote of a meeting may be decided on a poll, and regard shall be had to the number
of votes to which each member is entitled to cast when computing whether the requisite approval threshold has been obtained to pass an
ordinary resolution). However, the participation of our sponsor, officers, directors, the representative of the underwriters or our or
their affiliates in privately-negotiated transactions (as described in this prospectus), if any, could result in the approval of our
initial business combination even if a majority of our public shareholders vote, or indicate their intention to vote, against such initial
business combination. For purposes of seeking approval of an ordinary resolution, non-votes will have no effect on the approval of our
initial business combination once a quorum is obtained. Our amended and restated memorandum and articles of association require that
at least seven days’ notice will be given of any general meeting.

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If we seek shareholder approval of our initial business combination and we do not conduct redemptions in connection with our initial business combination pursuant to the tender offer rules, our amended and restated memorandum and articles of association provide that a public shareholder, together with any affiliate of such shareholder or any other person with whom such shareholder is acting in concert or as a “group” (as defined under Section 13 of the Exchange Act), will be restricted from redeeming its shares with respect to Excess Shares without