Company: BCAR
Filing Date: 2025-04-29
Form Type: S-1
Source: 0001829126-25-003006
Chunk: 193

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-04-29
Form: S-1
Chunk 193
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 of at least a majority of the votes cast by such shareholders
as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the company.
A quorum for such meeting will be present if the holders of at least one third of issued and outstanding shares entitled to vote at the
meeting are represented in person or by proxy. Our sponsor, officers and directors will count toward this quorum and, pursuant to the
letter agreement, our sponsor, officers and directors and D. Boral Capital have agreed to vote their founder shares, private shares,
representative shares and any public shares purchased during or after this offering (including in open market and privately-negotiated
transactions), (except that any public shares such parties may purchase in compliance with the requirements of Rule 14e-5 under
the Exchange Act would not be voted in favor of approving the business combination transaction). For purposes of seeking approval of
an ordinary resolution, non-votes will have no effect on the approval of our initial business combination once a quorum is obtained.
As a result, in addition to our founder shares, private shares and the representative shares, we would need 5,739,286 public shares,
or 22.9% of the 25,000,000 public shares sold in this offering, to be voted in favor of an initial business combination in order to have
our initial business combination approved, assuming all

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outstanding shares are voted, the over-allotment
option is not exercised and the parties to the letter agreement do not acquire any Class A ordinary shares. Assuming that only the
holders of one-third of our issued and outstanding ordinary shares, representing a quorum under our amended and restated memorandum
and articles of association vote their shares at a general meeting of the company, we will not need any public shares in addition to
our founder shares and private shares to be voted in favor of an initial business combination in order to approve an initial
business combination. However, if our initial business combination is structured as a statutory merger or consolidation of the
company with another company under British Virgin Islands law, the approval of our initial business combination will require an
ordinary resolution, which requires the affirmative vote of in excess of 50 percent of the votes of the holders of the ordinary
Shares as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at a general meeting of the company of