Company: BCAR
Filing Date: 2025-09-03
Form Type: 10-Q
Source: 0001829126-25-007047
Chunk: 3

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-09-03
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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200,000 units (the “Placement Units”) to
         the Sponsor at a price of $10.00 per Unit, generating gross proceeds of $2,000,000
         (the “Private Placement”). (see Note 4).
       
      Transaction costs amounted to $3,582,634, consisting of $2,419,400 of the Representative
         Shares (discussed in the below) and $1,163,234 of other offering costs.
       
      In conjunction with the IPO, the Company issued to the underwriter 1,000,000 Class
         A ordinary shares for no consideration (the “Representative Shares”). The fair value
         of the Representative Shares accounted for as compensation under Accounting Standards
         Codification (“ASC”) 718, “Compensation – Stock Compensation” (“ASC 718”) is included
         in the offering costs. The estimated fair value of the Representative Shares as of
         the IPO date totaled $2,419,400.
       
      Following the closing of the Initial Public Offering on August 1, 2025, an amount of $250,000,000 ($10.00 per Unit) from the net proceeds of the sale
         of the Units in the Initial Public Offering and a portion of the proceeds from the
         sale of the Placement Units was placed in a trust account (the “Trust Account”), located
         in the United States and held as cash items and will be invested only in U.S. government
         securities with a maturity of 185 days or less or in money market funds meeting certain
         conditions under Rule 2a-7 under the Investment Company Act, that invest only in direct U.S. government treasury
         obligations; the holding of these assets in this form is intended to be temporary
         and for the sole purpose of facilitating the intended business combination. To mitigate
         the risk that the Company might be deemed to be an investment company for purposes
         of the Investment Company Act, which risk increases the longer that the Company hold
         investments in the trust account, the Company 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 cash or in an interest
         bearing demand deposit account at a bank.

    5

      On August 11,