BCAR SPAC merges with Exascale Labs at $500M enterprise value; combined company to list on Nasdaq

D. Boral ARC Acquisition I Corp.

Transaction valued at $500M; Exascale shareholders receive 50M newly issued PubCo shares at $10.00 each.
Exascale provides AI compute infrastructure; reports consistent monthly revenue growth and a $300M+ qualified contract pipeline.
Blue-chip customers include MIT, Lepton.ai (acquired by NVIDIA), Near Protocol, and others; $50M MOU with AI Nova.
Post-merger board controlled by Exascale; majority shareholder agrees to 6-month lock-up on shares.
Closing subject to BCAR shareholder approval, Nasdaq listing, and SEC proxy statement effectiveness.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

D. Boral ARC Acquisition I Corp. entered into Agreement and Plan of Merger with Exascale Labs Inc. valued at $500,000,000 (effective 2026-01-11).

Action: entry
Agreement: merger
Counterparty: Exascale Labs Inc.
Value: $500,000,000
Effective: 2026-01-11

Exact text from the filing

On January 11, 2026, D. Boral ARC Acquisition I Corp. (“BCAR” or the “Company”) entered into the Agreement and Plan of Merger (the “Merger Agreement”) by and among BCAR, D. Boral ARC Merger Corporation, a Delaware corporation and wholly owned subsidiary of BCAR (“PubCo”), D. Boral Arc Merger Sub Inc. (“Merger Sub”), a Delaware corporation and a wholly-owned subsidiary of BCAR, and Exascale Labs Inc.., a Delaware corporation (“Exascale”).

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294 material agreements filed in the last 30 days. Browse all material agreements →

D. Boral ARC Acquisition I Corp. filing history →

Source: SEC EDGAR

accession 0001829126-26-000260

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