D. Boral ARC Acquisition I Corp. SEC 10-Q Report
Bacaan 2 minit
D. Boral ARC Acquisition I Corp., a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, has released its Form 10-Q report for the quarter ended June 30, 2025. The report provides insights into the company's financial performance and operational status as it prepares for its Initial Public Offering (IPO) and future business combinations.
Financial Highlights
- Net Income: $(36,000), reflecting operating costs for the three months ended June 30, 2025.
- Net Income: $(41,420), representing formation and operating costs for the period from March 20, 2025 (Inception) through June 30, 2025.
- Basic and diluted net income per share: $(0.00), indicating no earnings per share for both the three months ended June 30, 2025, and the period from March 20, 2025 (Inception) through June 30, 2025.
Business Highlights
- Company Overview: D. Boral ARC Acquisition I Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses.
- Operational Status: As of June 30, 2025, the company had not commenced any operations. All activities to date have been related to the company's formation and preparation for its Initial Public Offering (IPO).
- IPO Completion: On August 1, 2025, the company completed its IPO, raising $250 million by selling 25 million units at $10.00 per unit. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant.
- Private Placement: Simultaneously with the IPO, the company completed a private placement of 200,000 units to the Sponsor, generating an additional $2 million.
- Over-Allotment Option: On August 11, 2025, the underwriters partially exercised their over-allotment option, purchasing an additional 3 million units, which generated $30 million in gross proceeds.
- Trust Account: Following the IPO and over-allotment, $280 million was placed in a trust account, intended to be used for the business combination.
- Future Outlook: The company plans to use the funds held outside of the trust account for identifying and evaluating prospective acquisition candidates, performing due diligence, and structuring and negotiating the business combination.
- Business Combination Timeline: The company has until 18 months from the IPO closing date, with a possible three-month extension, to complete a business combination. If unsuccessful, the company will redeem 100% of the public shares.
SEC Filing: D. Boral ARC Acquisition I Corp. [ BCAR ] - 10-Q - Sep. 03, 2025