Company: BCAR
Filing Date: 2025-04-29
Form Type: S-1
Source: 0001829126-25-003006
Chunk: 21

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-04-29
Form: S-1
Chunk 21
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 acquisition targets beyond domestically-focused competitors.

<div align='center'>Prior SPAC Experience</div>

Below are the SPAC business combinations in which members of our management team have participated, along with certain other information:

EF Hutton Acquisition Corporation I.

Mr. Boral previously served as Co-President and a Director of EF Hutton Acquisition Corporation I since March 3, 2021. EF Hutton Acquisition Corporation I completed its initial public offering on September 13, 2022, in which it raised aggregate proceeds of approximately $115 million. On March 6, 2023, EF Hutton Acquisition Corporation I announced that it had entered into a definitive agreement for a business combination with Humble Imports Inc., d/b/a ECD Auto Design (“ECD”). On December 7, 2023, EF Hutton Acquisition Corporation I held a special meeting of stockholders to approve the business combination and between the initial public offering and the special meeting to approve the business combination, approximately 11,477,545 public shares were redeemed, representing approximately 98% of the public shares issued in EF Hutton Acquisition Corporation I’s initial public offering. Following the closing of the business combination with ECD on December 12, 2023, the common stock and warrants of ECD began trading on Nasdaq on December 13, 2023, under the ticker symbols “ECDA” and “ECDAW,” respectively. On April 22, 2025, the closing sale price of ECDA and ECDAW were $0.3750 and $0.02, respectively. As of April 22, 2025, the aggregate market capitalization of ECD reflects a market value of approximately $13.27 million.

Northern Lights Acquisition Corp.

Mr. Darwin previously served as Co-Chief
Executive Officer of Northern Lights Acquisition Corp. since March 19, 2021. Northern Lights Acquisition Corp. completed its
initial public offering on June 24, 2021, in which it raised aggregate proceeds of approximately $115 million. On
February 14, 2022, Northern Lights Acquisition Corp. announced that it had entered into a definitive agreement for a business
combination with SHF Holdings, LLC. (“SHF”). On June 28, 2022, Northern Lights Acquisition Corp. held a special
meeting of stockholders to approve the business combination and in connection therewith, approximately 7,573,402 shares were
redeemed and an additional 3,804,872 redeemed shares