Company: BCAR
Filing Date: 2025-06-30
Form Type: S-1/A
Source: 0001829126-25-004773
Chunk: 77

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-06-30
Form: S-1/A
Chunk 77
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2023, the SEC shall prohibit our shares or other securities from being traded on a national securities exchange or in the over the counter
trading market in the U.S. On December 29, 2022, the Accelerating Holding Foreign Companies Accountable Act (“”)
was enacted, which amends the HFCAA and requires the SEC to prohibit an issuer’s securities from trading on any U.S. stock exchanges
if its auditor is not subject to PCAOB inspections for two consecutive years instead of three consecutive years.

Our current auditor, the independent registered
public accounting firm that issues the audit report included elsewhere in the Proxy Statement, as an auditor of companies that are traded
publicly in the United States and a firm registered with the PCAOB, is subject to laws in the United States pursuant to which the PCAOB
conducts regular inspections to assess its compliance with the applicable professional standards. However, if it is later determined
that the PCAOB is unable to inspect or investigate completely our auditor because of a position taken by an authority in a foreign jurisdiction,
Nasdaq would delist our securities, including our units, common stocks and rights being offered in this offering, and the SEC shall prohibit
them from being traded on a national securities exchange or in the over the counter trading market in the U.S. If our securities are
delisted and prohibited from being traded on a national securities exchange or in the over the counter trading market in the U.S. due
to the PCAOB not being able to conduct inspections or full investigations of our auditor, it would substantially impair your ability
to sell or purchase our securities when you wish to do so, and the risk and uncertainty associated with potential delisting and prohibition
would have a negative impact on the price of our securities. Also, such delisting and prohibition could significantly affect the Company’s
ability to raise capital on acceptable terms, or at all, which would have a material adverse effect on the Company’s business,
financial condition and prospects.

On March 24, 2021, the SEC adopted interim
final rules relating to the implementation of certain disclosure and documentation requirements of the HFCAA. We will be required to
comply with these rules if the SEC identifies us as having a “non-inspection” year under a process to be subsequently established
by the SEC.

On November 5, 2021, the SEC approved
the PCAOB’s Rule 6100, Board Determinations Under the Holding Foreign Companies Accountable Act. Rule 6100 provides a