Company: BCAR
Filing Date: 2025-09-03
Form Type: 10-Q
Source: 0001829126-25-007047
Chunk: 22

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-09-03
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 Islands (including any ordinary resolution required to amend the constitutional
         documents or to adopt new constitutional documents, in each case, as a result of approving
         a transfer by way of continuation in a jurisdiction outside the British Virgin Islands).
         Holders of the Class A ordinary shares will not be entitled to vote on these matters
         during such time. These provisions of our amended and restated memorandum and articles
         of association may only be amended if approved by an ordinary resolution passed by
         the affirmative vote of the holders representing at least 90% of the issued Class
         B ordinary shares.
       
      Warrants — Warrants may only be exercised for a whole number of shares. No fractional shares
         will be issued upon exercise of the Warrants. The Warrants will become exercisable
         30 days after the completion of our initial business combination, provided that the
         Company has an effective registration statement under the Securities Act covering
         the Class A ordinary shares issuable upon exercise of the warrants and a current prospectus
         relating to them is available and such shares are registered, qualified or exempt
         from registration under the securities, or blue sky, laws of the state of residence
         of the holder (or we permit holders to exercise their warrants on a cashless basis
         under the circumstances specified in the warrant agreement). If a registration statement
         covering the Class A ordinary shares issuable upon exercise of the warrants is not
         effective by the 60th business day after the closing of our initial business combination,
         warrant holders may, until such time as there is an effective registration statement
         and during any period when we will have failed to maintain an effective registration
         statement, exercise warrants on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act or another exemption. Notwithstanding the above, if our
         Class A ordinary shares are at the time of any exercise of a warrant not listed on
         a national securities exchange such that they satisfy the definition of a “covered
         security” under Section 18(b)(1) of the Securities Act, we may, at our option, require holders of public warrants
         who exercise their warrants to do so on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act and, in the event we so elect, we will not be required
         to file or maintain in effect a registration statement. The Warrants will expire five