Company: BCAR
Filing Date: 2025-07-23
Form Type: S-1/A
Source: 0001829126-25-005309
Chunk: 225

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-07-23
Form: S-1/A
Chunk 225
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 board of directors is authorized to appoint officers as it deems appropriate pursuant to our amended and restated memorandum and articles of association.

Director Independence

Nasdaq rules require that a majority of our board of directors be independent within one year of our initial public offering. An “independent director” is defined generally as a person who, in the opinion of the company’s board of directors, has no material relationship with the listed company (either directly or as a partner, shareholder or officer of an organization that has a relationship with the company). Upon the commencement of the trading of our units on Nasdaq, we expect to have four “independent directors” as defined in Nasdaq rules and applicable SEC rules prior to completion of this offering. Our board of directors expects to determine that Luisa Ingargiola, Kevin Chen and Matt Laker are “independent directors” as defined in Nasdaq listing standards and applicable SEC rules. Our independent directors will have regularly scheduled meetings at which only independent directors are present.

Executive Officer and Director Compensation

As of the date of this prospectus, none of
our officers has received any cash compensation for services rendered to us. Commencing on the date that our securities are first
listed on Nasdaq through the earlier of consummation of our initial business combination and our liquidation, we will pay an
affiliate of our sponsor $20,000 per month for office space, utilities and secretarial and administrative and support services
provided to us and members of our management team. As more fully discussed in the section of this prospectus entitled “The Offering — Limited payments to insiders”, our sponsor, officers and directors, or any affiliate of theirs, will be
entitled to certain payments including, but not limited to, reimbursement for any out-of-pocket expenses incurred in connection with
activities on our behalf such as identifying potential target businesses and performing due diligence on suitable business
combinations. We may pay cash compensation to our independent directors for services rendered to us. Additionally, we may pay
consulting, success, advisory, or finder’s fees to our sponsor, our officers or directors, our advisors, or affiliates thereof
in connection with the consummation of our initial business combination. Our audit committee will review on a quarterly basis all
payments that were made to our sponsor, officers or directors, or our or their affiliates. Any such payments prior to an initial
business combination will be made from funds held outside the trust account. Other than quarterly audit committee review of such
payments, we do not expect