Core Viewpoint - D. Boral Acquisition I Corp. successfully closed its initial public offering (IPO) of 28,750,000 units, raising total gross proceeds of $287,500,000, with units trading on The Nasdaq Global Market under the ticker symbol "DBCAU" [1] Group 1 - The IPO included 3,750,000 units from the underwriters' over-allotment option, priced at $10.00 per unit [1] - Each unit consists of one Class A ordinary share and one-half of one redeemable public warrant, with whole warrants allowing the purchase of one Class A ordinary share at $11.50 [1] - The Class A ordinary shares and warrants are expected to trade separately under the symbols "DBCA" and "DBCAW" respectively [1] Group 2 - The net proceeds from the offering will be used to pursue and complete a business combination with one or more businesses [2] - D. Boral Capital LLC served as the sole book-running manager for the offering, while Loeb & Loeb LLP and Paul Hastings LLP acted as legal counsel [2] Group 3 - The company was formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses [5] - The company intends to focus on industries that complement its management team's background and leverage their ability to identify and acquire businesses [5]
D. Boral Acquisition I Corp. Announces Closing of $287,500,000 Initial Public Offering, Including Full Exercise of Underwriters' Over-Allotment Option