Company: BCAR
Filing Date: 2025-09-03
Form Type: 10-Q
Source: 0001829126-25-007047
Chunk: 23

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-09-03
Form: 10-Q
Item: Part I, Item 1
Chunk 23
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         years from the consummation of a Business Combination or earlier upon redemption or
         liquidation.

    15

      The Company may call the Warrants for redemption:

            ●
            in whole and not in part;

            ●
            at a price of $0.01 per warrant; upon a minimum of 30 days’ prior written notice of redemption (the “30-day redemption period”); and

            ●
            if, and only if, the closing price of the Class A ordinary shares equals or exceeds
               $18.00 per share (as adjusted for adjustments to the number of shares issuable upon
               exercise or the exercise price of a warrant) for any 20 trading days within a 30-trading
               day period commencing at least 30 days after completion of our initial business combination
               and ending three business days before we send the notice of redemption to the warrant
               holders.

      The private warrants is identical to the warrants sold in this offering except that,
         so long as they are held by our sponsor or its permitted transferees, the private
         warrants (i) are locked-up until the completion of our initial business combination
         and (ii) will be entitled to registration rights.
       
      The exercise price and number of ordinary shares issuable upon exercise of the warrants
         may be adjusted for share sub-divisions, share capitalizations, reorganizations, recapitalizations
         and the like. Additionally, in no event will the Company be required to net cash settle
         the warrants. If the Company is unable to complete a Business Combination within the
         Combination Period and the Company liquidates the funds held in the Trust Account,
         holders of warrants will not receive any of such funds with respect to their warrants,
         nor will they receive any distribution from the Company’s assets held outside of the Trust Account with respect to such warrants. Accordingly,
         the warrants may expire worthless.
       
      The exercise price is $11.50 per share, subject to adjustment as described herein.
         In addition, if (x) we issue additional Class A ordinary shares or equity-linked securities
         for capital raising purposes in connection with the closing of our initial business
         combination at an issue price or effective issue price of less than $9.20 per Class
         A ordinary share (with such issue price or effective issue price to be determined
         in good faith by our board of directors and, in the case of any such issuance to our