Company: BCAR
Filing Date: 2025-06-10
Form Type: CORRESP
Source: 0001829126-25-004387
Chunk: 1

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-06-10
Form: CORRESP
Chunk 1
---
 have successfully identified and closed five SPAC business combinations. Please revises to address the three additional SPAC business combinations associated with your management team. |

Response: The Company has revised the disclosure on pages 3 and 108 of the Amended Registration Statement to address the Staff’s comment.

Sponsor Information, page 11

| 3. | We note the lock-up period with the underwriter. Please revise the tables beginning on pages 13 and 110 to include the lock-up period. See Item 1603(a)(9) of regulation S- K. |

Response:The Company has revised the disclosure on pages 16 and 114 of the Amended Registration Statement to address the Staff’s comment.

| 4. | Please revise your compensation table on pages 11 and 108 to reference the potential payments that may be made to your sponsor, officers or directors, its affiliates or promoters of finder’s, advisory, consulting or success fees for their services rendered prior to or in connection with the completion of the initial business combination. Please also disclose the anti-dilution adjustment of the founder shares in the table. See Item 1602(b)(6) of Regulation S-K. |

Response:The Company has revised the disclosure on the cover page and on pages 12 and 110 of the Amended Registration Statement to address the Staff’s comment.

| 5. | We note that D. Boral Capital, the sole book-running manager and representative of the underwriters, is an affiliate of your Sponsor. Please revise the compensation tables on pages 11 and 108 to disclose the compensation of representative shares in connection with this offering. See Item 1602(b)(6) of Regulation S-K. |

Response:The Company advises
the Staff that D. Boral Capital is not an affiliate of the Sponsor and therefore the representative shares are not required to be
disclosed in the compensation table under Item 1602(b)(6). The term “affiliate” is defined in Rule 405 under the Act as
a “person that directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common
control with,” the person specified. The term “control” is defined in Rule 405 under the Act as “the
possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a person, whether
through the ownership of voting securities, by contract, or otherwise.” D. Boral Capital is not an affiliate of the Sponsor