Company: BCAR
Filing Date: 2025-06-30
Form Type: S-1/A
Source: 0001829126-25-004773
Chunk: 79

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-06-30
Form: S-1/A
Chunk 79
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 firms completely announced by the PCAOB. While our auditor is registered with PCAOB and subject to PCAOB inspection, in the
event it is later determined that the PCAOB is unable to inspect or investigate completely our Company’s auditor because of a position
taken by an authority in a foreign jurisdiction, then such lack of inspection could cause trading in our securities to be prohibited
under the HFCAA, and could ultimately result in a determination by a securities exchange to delist our securities.

The SEC has announced that the SEC staff is
preparing a consolidated proposal for the rules regarding the implementation of the HFCAA. It is unclear when the SEC will complete its
rulemaking and when such rules will become effective. The SEC has also announced amendments to various annual report forms to accommodate
the certification and disclosure requirements of the HFCAA. There could be additional regulatory or legislative requirements or guidance
that could impact us if our auditor is not subject to PCAOB inspection. The implications of these possible regulations in addition to
the requirements of the HFCAA are uncertain, and such uncertainty could cause the market price of our securities to be materially and
adversely affected. If, for whatever reason, the PCAOB is unable to conduct inspections or full investigations of our auditor, the Company
could be delisted or prohibited from being traded over the counter earlier than would be required by the HFCAA. If our securities are
unable to be listed on another securities exchange by then, such delisting and prohibition would substantially impair your ability to
sell or purchase our securities when you wish to do so, and the risk and uncertainty associated with potential delisting and prohibition
would have a negative impact on the price of our securities. Also, such delisting and prohibition could significantly affect the Company’s
ability to raise capital on acceptable terms, or at all, which would have a material adverse effect on the Company’s business,
financial condition and prospects.

Inspections of audit firms that the PCAOB
has conducted have identified deficiencies in those firms’ audit procedures and quality control procedures, which may be addressed
as part of the inspection process to improve future audit quality. If the PCAOB were unable to conduct inspections or full investigations
of the Company’s auditor, investors in our securities would be deprived of the benefits of such PCAOB inspections. In addition,
the inability of the PCAOB to conduct inspections or full investigations of auditors would may make it more difficult to evaluate the
effectiveness of the Company’s independent registered public accounting firm’s audit procedures or quality control procedures