Company: BCAR
Filing Date: 2025-09-03
Form Type: 10-Q
Source: 0001829126-25-007047
Chunk: 8

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-09-03
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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 2014-15, “Disclosures of Uncertainties
about an Entity’s Ability to Continue as a Going Concern,” Management has determined that the Company has funds that are
sufficient to fund the working capital needs of the Company until the earlier of the consummation of an initial Business Combination
or in excess of one year from the date of issuance of these financial statements. The Company cannot ensure that its plans to consummate
an initial Business Combination, or to raise additional capital if necessary, will be successful. The accompanying financial statements
have been prepared in conformity with generally accepted accounting principles in the United States of America (“GAAP”),
which contemplate continuation of the Company as a going concern.

    7

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
       
      Basis of Presentation
       
      The accompanying financial statements are presented in U.S. Dollars and conformity
         with accounting principles generally accepted in the United States of America (“GAAP”)
         and pursuant to the rules and regulations of the SEC.
       
      Emerging Growth Company
       
      The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act
         of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various
         reporting requirements that are applicable to other public companies that are not
         emerging growth companies including, but not limited to, not being required to comply
         with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation
         in its periodic reports and proxy statements, and exemptions from the requirements
         of holding a nonbinding advisory vote on executive compensation and shareholder approval
         of any golden parachute payments not previously approved.
       
      Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to
         comply with new or revised financial accounting standards until private companies
         (that is, those that have not had a Securities Act registration statement declared
         effective or do not have a class of securities registered under the Exchange Act)
         are required to comply with the new or revised financial accounting standards. The
         JOBS Act provides that a company can elect to opt out of the extended transition period
         and comply with the requirements that apply to non-emerging growth companies but any
         such election to opt