other
confidence high
sentiment positive
materiality 0.75
D. Boral ARC Acquisition I Corp. closes $250M IPO and $2M private placement
D. Boral ARC Acquisition I Corp.
- IPO of 25M units at $10/unit raised $250M gross; each unit consists of one Class A share and one-half warrant.
- Simultaneous private placement of 200,000 units to sponsor raised $2M; total $250M placed in trust account.
- Underwriters have 45-day option to purchase up to 3.75M additional units for over-allotments.
- Balance sheet shows $250M in trust, $927k cash outside trust; shareholders' deficit of $470k as of Aug 1, 2025.
- Company is a blank-check SPAC with 18 months to complete an initial business combination.
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