Company: BCAR
Filing Date: 2025-09-03
Form Type: 10-Q
Source: 0001829126-25-007047
Chunk: 21

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-09-03
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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) all Class A ordinary shares and equity-linked securities issued or deemed issued, in connection with the closing of
the initial business combination (excluding any shares or equity-linked securities issued, or to be issued, to any seller in the initial
business combination and any units issued to our sponsor or any of its affiliates or to our officers or directors upon conversion of
working capital loans) minus (iii) any redemptions of Class A ordinary shares by public shareholders in connection with an initial business
combination; provided that such conversion of founder shares will never occur on a less than one-for-one basis.

      Holders of record of the Company’s Class A ordinary shares and Class B ordinary shares are entitled to one vote for
         each share held on all matters to be voted on by shareholders. Unless specified in
         the amended and restated memorandum and articles of association or as required by
         the Companies Act or stock exchange rules, an ordinary resolution under British Virgin
         Islands law and the 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 is generally required to approve
         any matter voted on by the Company’s shareholders. Approval of certain actions require an ordinary resolution under British
         Virgin Islands law, which (except as specified below) requires the affirmative vote
         of in excess of 50 percent 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, and pursuant to the Company’s amended and restated memorandum and articles of association, such actions include
         amending the amended and restated memorandum and articles of association and approving
         a statutory merger or consolidation with another company. There is no cumulative voting
         with respect to the appointment of directors, meaning, following the Company’s initial Business Combination, the holders of more than 50% of the ordinary shares
         voted for the appointment of directors can elect all of the directors. Prior to the
         consummation of the initial Business Combination, only holders of the Class B ordinary
         shares will (i) have the right to vote on the appointment and removal of directors
         and (ii) be entitled to vote on continuing the Company in a jurisdiction outside the
         British Virgin