SEC Filing●Major⚠ 5
BCAR: 10-Q · periodic report
D. Boral ARC Acquisition I Corp., a Nasdaq-listed blank check company, reported Q2 2026 net income of $1,890,418, driven by $2,563,451 of interest income on its trust account against $673,033 of operating costs. Net income for the six months ended June 30, 2026 was $3,901,736, with Class A EPS of $0.09.
The SPAC remains party to a January 11, 2026 merger agreement to acquire Exascale Labs Inc. in a two-step reincorporation and acquisition merger, with aggregate consideration of $500,000,000 payable in 50,000,000 newly issued PubCo shares valued at $10.00 per share.
Management disclosed substantial doubt about the company's ability to continue as a going concern: it held only $41,733 of operating cash against a $618,911 working capital deficit and must complete the business combination by January 31, 2027 or trigger automatic winding up, redemption of public shares and liquidation.
The trust account held $289,883,138 at June 30, 2026, backing 28,000,000 Class A shares redeemable at $10.35 each, while 14,000,000 public warrants struck at $11.50 and 12,000,000 sponsor founder shares remain outstanding ahead of the deal.
SEC 10-Q•2mo ago