Company: BCAR
Filing Date: 2025-09-03
Form Type: 10-Q
Source: 0001829126-25-007047
Chunk: 18

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-09-03
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 Business Combination does not close, the Company may use
         a portion of proceeds held outside the Trust Account to repay the Working Capital
         Loans, but no proceeds held in the Trust Account would be used to repay the Working
         Capital Loans. As of June 30, 2025, no amounts under such loans have been drawn.
       
      Representative Shares
       
      On August 1, 2025, the Company issued 1,000,000 representative shares to D. Boral Capital, LLC
         and/or its designees (whether or not the over-allotment is exercised) as part of representative
         compensation (the “Representative Shares”). 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 pursuant to FINRA
         Rule 5110(e)(1). Pursuant to this FINRA lock-up, these securities cannot be sold, transferred,
         assigned, pledged or hypothecated or the subject of any hedging, short sale, derivative,
         put or call transaction that would result in the economic disposition of the securities
         by any person for a period of 180 days from the commencement of sales of the Initial
         Public Offering except as permitted under FINRA Rule 5110(e)(2), including to any underwriter and selected dealer participating in the Initial
         Public Offering and their officers or partners, registered persons or affiliates.
         The Representative Shares have resale registration rights including two demand (one
         at the Company’s expense and one at D. Boral Capital, LLC’s expense) and unlimited “piggy-back” rights for periods of five and seven years,
         respectively, from the commencement of sales of the Initial Public Offering.

    13

NOTE 6. COMMITMENTS AND CONTINGENCIES
       
      Registration Rights
       
      The holders of the (i) founder shares, which
were issued in a private placement prior to the closing of the initial public offering, (ii) Private Units (including the component securities
as well as any securities underlying those component securities), which was issued in a private placement simultaneously with the closing
of the initial public offering and (iii) private units (including the component securities as well as any securities underlying those
component securities) that may be issued upon conversion of working capital loans will have registration rights to require the Company
to register a sale of any of our securities