Company: BCAR
Filing Date: 2025-04-29
Form Type: S-1
Source: 0001829126-25-003006
Chunk: 53

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-04-29
Form: S-1
Chunk 53
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 to time purchase Class A ordinary shares prior to our initial business combination. Our amended and restated
memorandum and articles of association provides that, if we seek shareholder approval of an initial business combination, such
initial business combination will be approved if we receive an ordinary resolution under British Virgin Islands law and our amended
and restated memorandum and articles of association, which requires the affirmative vote of at least a majority of the votes cast by
such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general
meeting of the company. As a result, in addition to our founder shares, private shares and the representative shares, we would need
5,739,286 public shares, or 22.9% of the 25,000,000 public shares sold in this offering, to be voted in favor of an initial business
combination in order to have our initial business combination approved, assuming all outstanding shares are voted, the
over-allotment option is not exercised and the parties to the letter agreement do not acquire any Class A ordinary shares. Assuming
that only the holders of one-third of our issued and outstanding ordinary shares, representing a quorum under our amended and
restated memorandum and articles of association, vote their ordinary shares at a general meeting of the company, we will not need
any public shares in addition to our founder shares and private shares to be voted in favor of an initial business combination in
order to approve an initial business combination. However, if our initial business combination is structured as a statutory merger
or consolidation of the company with another company under British Virgin Islands law, the approval of our initial business
combination will require an ordinary resolution, which requires the affirmative vote of in excess of 50 percent of the votes of the
holders of the ordinary Shares as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at a general
meeting of the company of which notice has been duly given, or a resolution approved in writing by in excess of 50 percent of the
votes of the holders of the issued shares entitled to vote on such matter, but if any such resolution is adopted otherwise than by
the unanimous written consent of all shareholders, a copy of such resolution shall as soon as reasonably practicable be sent to all
shareholders not consenting to such resolution. The amended and restated memorandum and articles of association of the Company will
require that resolutions put to the vote of a meeting may be