Company: BCAR
Filing Date: 2025-07-21
Form Type: S-1/A
Source: 0001829126-25-005234
Chunk: 86

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-07-21
Form: S-1/A
Chunk 86
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 If we were deemed to be subject to the Investment Company Act, compliance with these additional regulatory burdens would require additional expenses for which we have not allotted funds and may hinder our ability to complete an initial business combination or may result in our winding down our operations and our liquidation. If we are unable to complete our initial business combination, our public shareholders may receive only approximately $10.00 per share on the liquidation of our trust account and our warrants will expire worthless, and our public shareholders would also lose the possibility of an investment opportunity in a target company as well as any potential price appreciation in the combined company following a business combination.

To mitigate the risk that we might be deemed to be an investment company for purposes of the Investment Company Act, we may, at any time (based on our management team’s ongoing assessment of all factors related to our potential status under the Investment Company Act), instruct the trustee to liquidate the investments held in the trust account and instead to hold the funds in the trust account in an interest bearing demand deposit account until the earlier of the consummation of an initial business combination or our liquidation. As a result, following the liquidation of investments in the trust account, we will likely receive less interest on the funds held in the trust account than we would have had the trust account remained as initially invested, such that our public shareholders would receive less upon any redemption or liquidation of the Company than what they would have received had the investments not been liquidated.

The funds to be held in the trust account will,
following this offering, be initially held only in U.S. government treasury obligations with a maturity of 185 days or less, in money
market funds investing solely in U.S. government treasury obligations and meeting certain conditions under Rule 2a-7 under the Investment
Company Act and in cash or cash like items (including demand deposit accounts). However, to mitigate the risk of us being deemed to be
an unregistered investment company (including under the subjective test of Section 3(a)(1)(A) of the Investment Company Act) and
thus subject to regulation under the Investment Company Act, we may, at any time (based on our management team’s ongoing assessment
of all factors related to our potential status under the Investment Company Act), instruct Odyssey Transfer and Trust Company, the trustee
with respect to the trust account, to liquidate the U.S. government treasury obligations or money market funds held in the trust account
and thereafter to hold all funds in the trust account in an interest bearing