Company: BCAR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001829126-25-008854
Chunk: 12

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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 Company accounted for the 12,500,000 public warrants included in the Units issued in connection with the Initial Public Offering and 100,000 private warrants issued in connection with the Initial Public Offering and the private placement in accordance with the guidance contained in FASB ASC Topic 815, “Derivatives and Hedging”. Accordingly, the Company evaluated and classified the warrant instruments under equity treatment at their assigned values.

Class A Ordinary Shares Subject to Possible Redemption

The public shares contain a redemption feature which allows for the redemption of such public shares in connection with the Company’s liquidation, or if there is a shareholder vote or tender offer in connection with the Company’s initial Business Combination. In accordance with ASC 480-10-S99, the Company classifies public shares subject to redemption outside of permanent equity as the redemption provisions are not solely within the control of the Company. The Company recognizes changes in redemption value immediately as they occur and will adjust the carrying value of redeemable shares to equal the redemption value at the end of each reporting period. Immediately upon the closing of the Initial Public Offering, the Company recognized the accretion from initial book value to redemption amount value. The change in the carrying value of redeemable shares will result in charges against additional paid-in capital (to the extent available) and Retained earnings. Accordingly, Class A ordinary shares subject to possible redemption are presented at redemption value as temporary equity, outside of the shareholders’ equity section of the Company’s balance sheet. As of September 30, 2025, the 28,000,000 Class A ordinary shares subject to redemption reflected in the balance sheet are reconciled in the following table:

    Schedule of ordinary shares subject to redemption

    Gross proceeds from IPO, August 1, 2025
     
    $
    250,000,000

    Less:

    Proceeds allocated to Public Warrants

    (8,061,250
    )
  
    Proceeds allocated to Over-allotment Option

    (1,290,375
    )
  
    Class A ordinary shares issuance costs

    (3,438,859
    )
  
    Plus:

    Accretion of carrying value to redemption value

    12,790,484

    Class A Ordinary Shares subject to possible redemption, August 1, 2025
     
    $
    250,000,000

    Gross proceeds from over-allotment, August 13, 2025

    30,000,000