Company: BCAR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001829126-25-008854
Chunk: 35

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 investments in data security protection, we may not be sufficiently protected against such occurrences. We also lack sufficient resources to adequately protect against, or to investigate and remediate any vulnerability to, cyber incidents. It is possible that any of these occurrences, or a combination of them, could have material adverse consequences on our business and lead to financial loss. We have established certain processes for identifying, evaluating, and managing material risks from cybersecurity threats as a part of our overall technology management strategy. These processes are designed and reassessed on a periodic basis to help protect our technology assets and operations from internal and external security threats.

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Item 2. Unregistered Sale of Equity Securities and Use of Proceeds.

Unregistered Sales of Equity Securities

On August 1, 2025, simultaneously
with the consummation of the closing of the Offering, the Company consummated the private placement of an aggregate of 200,000 units (the
“Private Units”) to MFH 1, LLC, the sponsor of the Company (the “Sponsor”), at a price of $10.00 per Private Unit,
generating total gross proceeds of $2,000,000 (the “Private Placement”). No underwriting discounts or commissions were paid
with respect to such sale. The issuance of the Private Placement Units was made pursuant to the exemption from registration contained
in Section 4(a)(2) of the Securities Act.

The private units will be
identical to the units sold in this offering except that, so long as they are held by our sponsor or its permitted transferees, the private
units (and the component securities, as well as any securities underlying those component securities) (i) are locked-up until the completion
of our initial business combination (ii) will be entitled to registration rights, (iii) the Class A ordinary shares included as a component
of the private units will not be entitled to redemption rights. and (iv) with respect to private warrants comprising part of the private
units held by D. Boral Capital and/or their designees, will not be exercisable more than five years from the commencement of sales in
this offering in accordance with FINRA Rule 5110(g)(8).

Use of Proceeds from the Public Offering

On August 1, 2025, the
Company consummated its Initial Public Offering of 25,000,000 units (the “Units” and, with respect to the Class A Ordinary
Shares included in the Units being offered, the “