D. Boral ARC Acquisition I Corp. Completes $250 Million IPO

D. Boral ARC Acquisition I Corp. has announced the successful closure of its initial public offering, raising $250 million. The offering consisted of 25 million units priced at $10 each, now trading under the ticker symbol "BCARU" on the Nasdaq Global Market. Each unit includes one Class A ordinary share and a half redeemable warrant, allowing for the purchase of one share at $11.50 per whole warrant.

The company's underwriters have a 45-day option for an additional 3.75 million units, potentially increasing proceeds to $287.5 million. The funds aim to support mergers or acquisitions with targeted businesses, leveraging sectors like technology, healthcare, and logistics.

Loeb & Loeb LLP and Paul Hastings LLP served as legal counsel to the company and its capital management counterpart, respectively. The IPO prospectus is available through D. Boral Capital and the SEC's website.