D. Boral ARC Acquisition I Corp. (NASDAQ: BCARU) today announced the closing of its initial public offering of 25 million units at $10.00 per unit, raising $250 million in gross proceeds. Each unit comprises one Class A ordinary share and one-half of one redeemable public warrant, exercisable at $11.50 per share. Once separated, the shares and warrants are expected to trade on Nasdaq under the symbols “BCAR” and “BCARW,” respectively. The company has granted underwriters a 45-day option to purchase up to an additional 3.75 million units, which could increase total proceeds to $287.5 million. Net proceeds from the offering and a concurrent private placement will be used to pursue a business combination. D. Boral Capital LLC served as sole book-running manager.
To view the full press release, visit https://ibn.fm/GqDVk
About D. Boral ARC Acquisition I Corp.
The Company was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an acquisition opportunity in any business, industry, sector or geographical location, the Company intends to identify and acquire a business where the Company believes its management teams’ and affiliates’ expertise will provide a competitive advantage, including the technology, healthcare, and logistics industries.
For more information, visit the company’s website at https://dboralcapital.com
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