- Business
- D. Boral ARC Acquisition I Corp., a blank check company incorporated in the British Virgin Islands in 2025 and headquartered in New York, New York, focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, targeting enterprises with an aggregate enterprise value of $700 million or greater, particularly in technology, healthcare, and logistics industries; its units (BCARU), each consisting of one Class A ordinary share and one-half of one redeemable warrant (exercisable at $11.50 per share), trade on the Nasdaq Global Market, with the underlying shares and warrants to trade separately as BCAR and BCARW. The company operates without current revenue-generating products or services, holding IPO proceeds in trust for deployment in a de-SPAC transaction, with a 18- to 21-month timeline to complete an initial business combination or face liquidation. In 2025, D. Boral ARC Acquisition I Corp. closed a $250 million initial public offering of 25 million units at $10.00 per unit on August 1, led by CEO and Chairman David Boral and CFO John Darwin, with D. Boral Capital LLC as sole bookrunner granting underwriters a 45-day option for up to 3.75 million additional units; this IPO stems from a strategic alliance between D. Boral Capital and ARC Group announced in May 2025 to launch a series of SPACs targeting diverse industries and regions worldwide, leveraging cross-border expertise amid a reported working capital deficit of $189,461 as of June 30, 2025.