Company: BCAR
Filing Date: 2025-07-21
Form Type: S-1/A
Source: 0001829126-25-005234
Chunk: 313

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-07-21
Form: S-1/A
Chunk 313
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 representative and/or its designees upon the consummation of this offering. The representative shares have been deemed compensation by FINRA and are therefore subject to a lock-up for a period of 180 days immediately following the commencement of sales of this offering. The valuation of the representative shares reflected in this table is solely for purposes of FINRA Rule 5110 and does not reflect an actual value that may be ascribed to such shares in the marketplace upon expiration of the applicable lock-up period. |
| (2) | Does not include certain fees and expenses incurred by the underwriters in connection with this                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
 offering, which we have agreed to reimburse the underwriters in an amount not to exceed $750,000 in the aggregate.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |

We estimate that our portion of the total expense
of this offering payable by us will be $700,000. We have agreed to reimburse the underwriters for certain of their accountable and out-of-pocket
costs for this offering up to an aggregate expense allowance of $750,000 which FINRA considers to be “underwriting compensation” as defined in FINRA Rule 5110.01.

The underwriting agreement provides that following the completion of this offering, the obligations of the underwriters with respect to this offering will be deemed to be satisfied and the underwriters are not bound by any commitment or obligation to offer or sell to the public any of our securities or of any target business in an initial business combination or otherwise solicit holders of our securities or any target business in an initial business combination to approve the business combination.

Conflicts of Interest

Our Chairman and Chief Executive Officer, David
Boral, is an affiliate of D. Boral Capital, the sole book-running manager and representative of the underwriters in this offering. As
a result, D. Boral Capital is deemed to have a “conflict of interest” within the meaning of FINRA Rule 5121. Accordingly,
this offering is being made in compliance with the applicable requirements of Rule 5121. D. Boral Capital will not confirm sales to any
account over which it exercises discretionary authority without the specific prior written approval of the account holder. In addition,
Rule 5121 requires that a “qualified independent underwriter,” as defined in Rule 5121, participate in the preparation of
the registration statement and prospectus and exercise the usual standards of due diligence with respect thereto. Roth has agreed to
act as a qualified independent underwriter for this offering.