Company: BCAR
Filing Date: 2025-04-29
Form Type: S-1
Source: 0001829126-25-003006
Chunk: 93

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-04-29
Form: S-1
Chunk 93
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 to consummate an initial business combination in order to effectuate our initial business
combination.

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The provisions of our amended and restated memorandum and articles of association that relate to our pre-business combination activity (and corresponding provisions of the agreement governing the release of funds from our trust account) may be amended with the approval of holders of not less than two-thirds of our ordinary shares which are represented in person or by proxy and are voted at a general meeting of the company, which is a lower amendment threshold than that of some other special purpose acquisition companies. It may be easier for us, therefore, to amend our amended and restated memorandum and articles of association to facilitate the completion of an initial business combination that some of our shareholders may not support.

Our amended and restated memorandum and articles
of association provide that any of its provisions related to pre-business combination activity (including the requirement to deposit
proceeds of this offering and the private placement of units into the trust account and not release such amounts except in specified
circumstances, and to provide redemption rights to public shareholders as described herein, and other than amendments relating to
the provisions regulating the appointment and removal of directors and continuing the company in a jurisdiction outside the British
Virgin Islands, which require an ordinary resolution passed by the affirmative vote of the holders representing at least 90% of the
issued Class B ordinary shares may be amended if approved by ordinary resolution, under British Virgin Islands law. Except as
specified above with respect to matters requiring a 90% majority, an ordinary resolution 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 a general meeting of the company of which notice has been duly given, or a resolution approved in writing by in
excess of 50 percent of the votes of the holders of the issued shares entitled to vote on such matter, but if any such resolution is adopted otherwise than by the unanimous written consent of all shareholders, a copy of such resolution shall
as soon as reasonably practicable be sent to all shareholders not consenting to such resolution. 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