Company: BCAR
Filing Date: 2025-04-29
Form Type: S-1
Source: 0001829126-25-003006
Chunk: 121

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-04-29
Form: S-1
Chunk 121
---
 in full) would have an aggregate implied value of $107,142,860 ($123,214,290 if the overallotment is exercised in full). Even if the trading price of our ordinary shares were as low as $0.19
per share, and the private warrants are worthless, the value of the founder shares and private shares would be equal to our sponsor’s
aggregate initial investment in us. As a result, our sponsor is likely to be able to make a substantial profit on its investment in us
at a time when our public shares have lost significant value. Accordingly, members of our management team, who own interests in our sponsor,
may be more willing to pursue a business combination with a riskier or less-established target business than would be the case if our
sponsor had paid the same per share price for the founder shares as our public shareholders paid for their public shares. In addition,
our non-managing sponsor members (if any) may have different interests than other public shareholders due to their additional upfront
investment in the company and their membership interests in the sponsor.

The determination of the offering price of our units and the size of this offering is more arbitrary than the pricing of securities and size of an offering of an operating company in a particular industry. You may have less assurance, therefore, that the offering price of our units properly reflects the value of such units than you would have in a typical offering of an operating company.

Prior to this offering there has been no public market for any of our securities. The public offering price of the units and the terms of the warrants were negotiated between us and the underwriters. In determining the size of this offering, management held customary organizational meetings with the representative of the underwriters, both prior to our inception and thereafter, with respect to the state of capital markets, generally, and the amount the underwriters believed they reasonably could raise on our behalf. Factors considered in determining the size of this offering, prices and terms of the units, including the Class A ordinary shares and warrants underlying the units, include:

| ● | the history and prospects of companies whose principal business is the acquisition of other companies; |

| ● | prior offerings of those companies; |

| ● | our prospects for acquiring an operating business at attractive values; |

| ● | a review of debt to equity ratios in leveraged transactions; |

| ● | our capital structure; |

| ● | an assessment of our management and their experience in identifying operating companies; |

| ● | general conditions of the securities markets at the