secwatch.observer — SEC 8-K summary
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Issuer:     D. Boral ARC Merger Corp (XLAB)
CIK:        0002109869
Form:       8-K
Filed at:   2026-09-02T14:55:29+00:00
Accession:  0001829126-26-009632
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 1.02, 2.01, 9.01, 4.01, 3.01, 3.03, 5.01, 5.02, 5.03, 5.06, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

Exascale Labs completes $500M SPAC merger; begins trading as XLAB on Nasdaq
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- Closed $500M business combination with D. Boral ARC; issued 33.7M Class A and 30.6M Class B shares at $10.00 deemed value.
- 26,865,211 BCAR Class A shares redeemed for cash; 14,099,992 warrants outstanding at $11.50 exercise price.
- Hoansoo Lee named CEO and Interim CFO; Wenying Jia Chairperson; five-member board appointed.
- Former Exascale holders and SAFEholders subject to 6-month lock-up; trust and admin agreements terminated.
- Audited financials include going concern qualification; company cites limited operating history and losses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2109869/000182912626009632/0001829126-26-009632-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2109869/000182912626009632/exascalelabs_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-26-009632

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