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D. Boral (OTC:BOALY) ARC Acquisition I Corp. (NASDAQ:BCARU, NASDAQ:BCAR, NASDAQ:BCARW) announced Monday that it has raised $30 million through the partial exercise of the over-allotment option related to its recent initial public offering. The underwriters purchased 3,000,000 additional units at $10.00 per unit, with the over-allotment option closing on August 13.
This follows the company’s initial public offering of 25,000,000 units at $10.00 per unit, which generated gross proceeds of $250 million. The units consist of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant is exercisable for one Class A ordinary share at an exercise price of $11.50 per share.
D. Boral ARC Acquisition I Corp. is incorporated in the British Virgin Islands and is listed on the Nasdaq Stock Market LLC. The company previously issued an audited balance sheet as of August 1, 2025, reflecting the proceeds from the IPO and a concurrent private placement. An unaudited pro forma balance sheet as of August 13, 2025, adjusted for the closing of the over-allotment option, has been attached as an exhibit to this current report.
The information in this article is based on a statement from the company’s recent SEC filing.
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