Company: BCAR
Filing Date: 2025-07-23
Form Type: S-1/A
Source: 0001829126-25-005309
Chunk: 47

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-07-23
Form: S-1/A
Chunk 47
---
 risk increases                                                
 the longer that we hold investments in the trust account, 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 cash or in an interest bearing demand deposit account. Unless and until we complete our initial business 
 combination, we may pay our expenses only from such interest withdrawn from the trust account and:                                                                                       |   |                                                                                                                                                                                                                                                               |
|                                  |     |                                                                                                                                                                                          | ● | the net proceeds of this offering and the sale of the private units not held in the trust account, which initially will be approximately $1,300,000 in working capital after the payment of approximately $700,000 in expenses relating to this offering; and |

<div align='center'>29</div>

| ● | any loans or additional investments from our sponsor, members of our management team or their respective affiliates or other third parties, although they are under no obligation to advance funds or invest in us; provided that any such loans will not have any claim on the proceeds held in the trust account unless such proceeds are released to us upon completion of our initial business combination. Up to $2,500,000 of such loans may be convertible into private units, at a price of $10.00 per unit, at the option of the applicable lender. |

| Conditions to completing our initial business combination: |     | Nasdaq rules require that we must complete one or more business combinations having an aggregate fair market value of at least 80% of the value of the assets held in the trust account (excluding taxes payable on the interest earned on the trust account). Our board of directors will make the determination as to the fair market value of our initial business combination. If our board of directors is not able to independently determine the fair market value of our initial business combination, we will obtain an opinion from an independent investment banking firm or another independent entity that commonly renders valuation opinions with respect to the satisfaction of such criteria. While we consider it likely that our board of directors will be able to make an independent determination of the fair market value of our initial business combination, it may be unable to do so if it is less familiar or experienced with the business of a particular target or if there is a significant amount of uncertainty as to the value of the target’s assets or prospects. Additionally, pursuant to Nasdaq rules, any initial business