Company: BCAR
Filing Date: 2025-07-23
Form Type: S-1/A
Source: 0001829126-25-005309
Chunk: 252

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-07-23
Form: S-1/A
Chunk 252
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 our prior consent. However, we would not be restricting our shareholders’ ability to vote all of their shares (including Excess Shares) for or against our initial business combination. Our shareholders’ inability to redeem the Excess Shares will reduce their influence over our ability to complete our initial business combination, and such shareholders could suffer a material loss in their investment if they sell such Excess Shares on the open market. Additionally, such shareholders will not receive redemption distributions with respect to the Excess Shares if we complete our initial business combination. And, as a result, such shareholders will continue to hold that number of shares exceeding 15% and, in order to dispose such shares would be required to sell their shares in open market transactions, potentially at a loss.

If we seek shareholder approval in connection
with our initial business combination, our sponsor, officers and directors and D. Boral Capital have agreed to vote their founder shares,
private shares, representative shares and any public shares purchased during or after this offering (including in open market and privately-negotiated
transactions) in favor of our initial business combination (except that any public shares such parties may purchase in compliance with
the requirements of Rule 14e-5 under the Exchange Act would not be voted in favor of approving the business combination transaction).
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 and the underwriting agreement do not acquire any public 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 shares at a general meeting of the company, we will not need any public shares in addition to our founder shares,
representative shares and private shares to be voted in favor of an initial business combination in order to approve an initial business
combination. Additionally, each public shareholder may elect to redeem their public shares irrespective of whether they vote for or against
the proposed transaction, or whether they do not vote or abstain from voting on the proposed transaction, or whether they were a public
shareholder on the record date for the general meeting held to