Merger and Acquisition - The Company entered into a Merger Agreement with Exascale, with a total Merger Consideration of $500,000,000, payable in the form of 50,000,000 newly issued shares valued at $10.00 per share[89][90]. Financial Performance - As of December 31, 2025, the Company reported a net income of $4,455,970, consisting of formation and operating costs of $320,658 and interest earned on cash held of $4,776,628[92]. - The Company completed its IPO on August 1, 2025, raising gross proceeds of $250,000,000 from the sale of 25,000,000 Units at $10.00 per Unit[95]. - The underwriters exercised a partial over-allotment option, purchasing an additional 3,000,000 units for gross proceeds of $30,000,000[97]. - As of December 31, 2025, the Company had $420,340 in cash and a working capital of $585,863[94]. - The Company incurred offering costs of $3,582,634 related to the Initial Public Offering[111]. Equity and Financing - The Company has 28,000,000 Class A ordinary shares subject to possible redemption, which are classified as temporary equity[109]. - The Company has no long-term debt or off-balance sheet financing arrangements as of December 31, 2025[101][102]. Future Plans and Costs - The Company expects to incur significant costs in pursuing its initial Business Combination and does not guarantee the success of these plans[88]. - The Company intends to use funds held outside of the Trust Account for identifying and evaluating prospective acquisition candidates and related due diligence[98].
D. Boral ARC Acquisition I Corp Unit(BCARU) - 2025 Q4 - Annual Report