Company: BCAR
Filing Date: 2025-09-03
Form Type: 10-Q
Source: 0001829126-25-007047
Chunk: 2

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-09-03
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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ISITION I CORP. (the “Company”) is a blank check company incorporated
         in the British Virgin Islands on March 20, 2025. The Company was formed for the purpose of effecting a merger, amalgamation,
         share exchange, asset acquisition, share purchase, reorganization or similar business
         combination with one or more businesses (“Business Combination”). While the Company
         may pursue an acquisition opportunity in any business, industry, sector or geographical
         location, the Company intends to focus on industries that complement our management
         team’s background, and to capitalize on the ability of our management team to identify
         and acquire a business.
       
      At June 30, 2025, the Company had not yet commenced any operations. All activity through June 30, 2025 related to the Company’s formation and the Initial Public Offering (as defined below). The Company will not
         generate any operating revenues until after the completion of its initial Business
         Combination, at the earliest. The Company will generate non-operating income in the
         form of interest income on cash and cash equivalents from the proceeds derived from
         the Initial Public Offering. The Company has selected December 31 as its fiscal year end. The Company is an early stage and emerging growth company and, as such, the Company is subject to all
         of the risks associated with early stage and emerging growth companies.
       
      The Company’s sponsor is MFH 1, LLC (the “Sponsor”). The registration statement for the Company’s Initial Public Offering was declared effective on July 30, 2025. 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 “Public Shares”), at $10.00 per Unit, generating gross proceeds of $250,000,000
         (the “Initial Public Offering”). The Company granted the underwriter a 45-day option
         to purchase up to an additional 3,750,000 Units at the Initial Public Offering price
         to cover over-allotments, if any. As of August 1, 2025, the over-allotment option was not exercised.
       
      Simultaneously with the consummation of the closing of the Offering, the Company consummated
         the private placement of an aggregate of