Company: BCAR
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001829126-25-008854
Chunk: 10

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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 due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.

Cash and Cash Equivalents

The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company had $570,210 of cash held in operating account as of September 30, 2025. The Company had no cash equivalents as of September 30, 2025.

Cash Held in Trust Account

The Company had $281,963,221 of cash in the trust account held in an interest bearing demand deposit account as of September 30, 2025.

    8

Offering Costs Associated with the Initial Public Offering

The Company complies with the requirements of
the ASC 340-10-S99 and SEC Staff Accounting Bulletin (“SAB”) Topic 5A — “Expenses of Offering.”
Deferred offering costs consist principally of professional and registration fees that are related to the Initial Public Offering.
Financial Accounting Standards Board (“FASB”) ASC 470-20, “Debt with Conversion and Other Options,”
addresses the allocation of proceeds from the issuance of convertible debt into its equity and debt components. The Company applies
this guidance to allocate Initial Public Offering proceeds from the Public Units between Class A ordinary shares and warrants, using
the residual method by allocating Initial Public Offering proceeds first to assigned value of the warrants and then to the Class A
ordinary shares. Offering costs allocated to the Class A ordinary shares subject to possible redemption were charged to temporary
equity, and offering costs allocated to the warrants included in the Public Units and Private Units were charged to
shareholder’s equity as the warrants, after management’s evaluation, were accounted for under equity treatment. As of
August 1, 2025, the Company had offering costs of $3,582,634,
consisting of $2,419,400
of the Representative Shares (as discussed in Note 1) and $1,163,234
of other offering costs. Approximately $143,775
of such costs were allocated to the Public Warrants and the Private Placement Units and the remainder, approximately $3,438,859
was allocated to Class A ordinary shares subject to redemption.

Income Taxes

The Company complies with the accounting and reporting requirements of ASC Topic 740, “Income Taxes,” which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax