Company: BCAR
Filing Date: 2025-07-21
Form Type: S-1/A
Source: 0001829126-25-005234
Chunk: 146

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-07-21
Form: S-1/A
Chunk 146
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 by (y) the fair market value. The “fair market value” is the average reported closing price of the Class A ordinary shares for the 10 trading days ending on the third trading day prior to the date on which the notice of exercise is received by the warrant agent or on which the notice of redemption is sent to the holders of warrants, as applicable. As a result, you would receive fewer Class A ordinary shares from such exercise than if you were to exercise such warrants for cash.

The grant of registration rights to our sponsor and other holders of our founder shares and private units (and their component securities, as well as any securities underlying those component securities), and to the representative with respect to the representative shares, may make it more difficult to complete our initial business combination, and the future exercise of such rights may adversely affect the market price of our Class A ordinary shares.

Pursuant to an agreement to be entered into concurrently
with the issuance and sale of the securities in this offering, our sponsor and their permitted transferees can demand that we register
the Class A ordinary shares into which founder shares are convertible, the representative and its permitted transferees can demand that
we register the representative shares, holders of our private units and their permitted transferees can demand that we register the securities
underlying the private units or holders of securities that may be issued upon conversion of working capital loans and their permitted
transferees may demand that we register such units, shares, warrants or the Class A ordinary shares issuable upon exercise of the underlying
warrants and any other securities of the company acquired by them prior to the consummation of our initial business combination. We will
bear the cost of registering these securities. The registration and availability of such a significant number of securities for trading
in the public market may have an adverse effect on the market price of our Class A ordinary shares. In addition, the existence of the
registration rights may make our initial business combination more costly or difficult to conclude. This is because the shareholders
of the target business may increase the equity stake they seek in the combined entity or ask for more cash consideration to offset the
negative impact on the market price of our Class A ordinary shares that is expected when the ordinary shares owned by our initial shareholders,
the representative, holders of our private units or holders of our working capital loans or their respective permitted transferees are
registered.

General Risk Factors

We are a blank check company with no operating history and no revenues, and you have no basis