DBCA SEC filings, in plain English
Everything D. Boral Acquisition I Corp. has filed with the SEC that we hold — 29 filings, newest first, 26 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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What changed: Quarterly report (Form 10-Q) for the six months ended June 30, 2026, filed by D. Boral Acquisition I Corp., a blank check company searching for a business combination. The company completed its initial public offering on February 12, 2026, raising $287.5 million in gross proceeds, plus $2 million from a private placement to the sponsor. The trust account now holds $291.5 million ($10.14 per public share). Net income of $3.7 million for the six months came entirely from interest on the trust. No business combination has been announced. The company continues to search for a target and has a deadline of August 6, 2027 (18 months from IPO, with possible 21-month extension). Management has identified a going concern risk if no combination is completed by that date. Why it matters: The trust per-share value of $10.14 slightly exceeds the $10.00 IPO price, showing interest accretion. The deadline is over a year away, so no immediate redemption pressure. The going concern disclosure is standard for pre-deal SPACs but underscores the time constraint. No sponsor conduct issues or deal progress to report.
What changed vs 2026-05-14trust $288.9M → $291.5M +1%going concern APPEAREDtrust account, going-concern doubt, combination deadline +12 moved · 2 with no prior record of ours
- Trust account
- $288.9M$291.5M
- Going-concern doubt
- not statedstated
- Combination deadline
- not previously extracted2027-08-06
- Redeemable shares
- 28.8M · unchanged
SpacBrain reads this as $2,650,775 was added to the trust between the two filings.
The clause …“expenses, current 281,661 25,000 Total Current Assets 599,283 50,000 Cash held in Trust Account 291,524,262 - Prepaid expenses, non-current 23,341 - Deferred offering costs - 135,954 Total Assets $ 292,146,886 $ 185,954 LIABILITIES”…
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause “August 6, 2027. Management has determined that the timing of liquidation raises substantial doubt about the Company’s ability to continue as a going concern for the next twelve months from the issuance of these unaudited condensed”…
The clause …“stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities on or before August 6, 2027. The Company also has no approved plan in place to extend the”…
The clause …“and contingencies (Note 6) Class A ordinary shares, $ 0.0001 par value; 28,750,000 and 0 shares subject to possible redemption as of June 30, 2026 and December 31, 2025, respectively, at $ 10.14 and $ 0.00 per share, respectively.”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: A Schedule 13G/A amendment, formally classified as a routine compliance exhibit and beneficial ownership report. Per the filing text, Meteora Capital, LLC filed an amended disclosure concerning its position in DBCA. Because the excerpt truncates the signature block, data table, and amendments section, no specific change in share count, percentage ownership, or acquisition date is confirmed in this view. However, 13G/A amendments routinely update holder intent, group status, or transaction timing that directly impacts redemption mechanics, extension voting calculus, and sponsor alignment during the SEARCHING phase. Why it matters: Institutional stake revisions matter because they dictate whether a meaningful block of shares remains exposed to early redemptions that could erode trust funding, or whether consolidated ownership supports a smoother merger vote. The excerpt contains no claims regarding target industry, customer concentration, revenue multiples, technological moats, partnership structures, executive appointments, or pending litigation; accordingly, no additional substantive assertions require attribution beyond the holder identifier.
What changed: Registration statement on Form S-4 filed by D. Boral ARC Merger Corporation (PubCo) and co-registrants D. Boral Acquisition I Corp. (BCAR) and Exascale Labs Inc., constituting a proxy statement/prospectus for an extraordinary general meeting of BCAR shareholders to approve a business combination with Exascale Labs Inc. First filing of the S-4 registration statement for the proposed de-SPAC merger. The filing includes the terms of the Business Combination Agreement (signed January 11, 2026), pro forma ownership tables across redemption scenarios, audited and unaudited financial statements of BCAR and Exascale, risk factors, and disclosures on conflicts of interest, sponsor incentives, and the $5 million minimum cash condition that remains unfinanced. Why it matters: The S-4 provides shareholders with critical information for the upcoming vote. Key details: Trust value per share is approximately $10.26 (based on $287.3 million trust for 28 million public shares). The deadline to complete the deal is February 1, 2027 (or May 1, 2027 if sponsor exercises a three-month extension). Shareholders have redemption rights at the trust value. The minimum cash condition of $5 million has not been secured, creating execution risk. The combined company will have a dual-class structure with 20 votes per Class B share held by Exascale stockholders, giving them 91-95% voting control. Exascale reported $10.6 million revenue for the nine months ended March 31, 2026, but a net loss of $7.9 million and has a going concern warning. The sponsor paid $25,000 for 12 million founder shares, creating a significant incentive to close the deal regardless of price.
minimum cash condition, outside datenothing moved · 2 with no prior record of ours
- Minimum cash condition
- not previously extracted$5.0M
- Outside date
- not previously extracted2026-09-01
SpacBrain reads this as the min-cash condition binds at $5,000,000.
The clause …“and other Exascale founders and have 20 votes per share, and (iv) included a minimum cash condition of $5.0 million. 122 Table of contents On September 22, 2025, Mr. Darwin and Mr. Lee held a telephonic meeting during which they”…
SpacBrain reads this as the agreement may be terminated from 2026-09-01.
The clause …“A- 70 Table of contents (d) By either the Company or Parent: (i) On or after September 1, 2026 (the “ Outside Date ”), if the Merger shall not have been consummated prior to the Outside Date; provided , however , that the right to”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Form 3 — insider ownership report. The filing lists D. Boral Sponsor I LLC (cited as a 10% owner) and Darwin John (Chief Financial Officer) as reporting persons. According to the submission, there are 'No non-derivative transactions or holdings reported,' confirming zero changes to insider equity positions, sponsor capital commitments, or executive share counts. Why it matters: In a SEARCHING-phase SPAC, this routine acknowledgment verifies that neither the sponsor entity nor the CFO has altered its market exposure. Investors tracking redemption dynamics, sponsor alignment metrics, and potential pre-combination selling pressure will see no new tactical signals from insiders, leaving the baseline calculation for capital commitment verification unchanged.
What changed: Form 3 initial statement of beneficial ownership of securities (insider ownership report) filed for Director Luisa Ingargiola. The SEC filing reports zero non-derivative transactions or holdings for the director. This disclosure leaves the SPAC’s redemption parameters, current trust value of $10.14 per share, and business combination deadline of 2027-08-06 entirely unchanged. The SEARCHING status proceeds with no new deal activity, extension proposals, or sponsor conduct documented. Why it matters: This routine compliance exhibit does not advance the redemption calendar, alter trust distributions, or signal merger negotiations. Because the filing contains no substantive operational data or strategic updates, investors monitoring DBCA must continue relying on separate announcements for target identification, voting schedules, or tender offers before the August 2027 expiration.
What changed: A SEC Form 3 initial statement of beneficial ownership submitted by Darwin John, identified as a director and Chief Financial Officer of D. Boral Acquisition I Corp., which functions as the statutory opening disclosure of equity positions under Section 16(a) of the Securities Exchange Act. Darwin John’s filing explicitly reports 'No non-derivative transactions or holdings reported.' Consequently, there is no shift in insider ownership concentrations, no adjustment to the trust account per-share balance, no notice extending the business combination timeline, and no observable data point regarding shareholder redemption behavior or sponsor trading. Why it matters: The submission confirms routine regulatory compliance without altering the mechanical baseline investors track: the company remains in a SEARCHING status, the stated trust per share holds at $10.14, and the expiration deadline remains fixed at 2027-08-06. Because the document contains no assertions about customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel movements, it provides no fresh signal about deal progress or sponsor conduct. Its practical value lies solely in certifying that no off-cycle equity activity occurred during the reporting window, preserving the existing redemption calendar and trust mechanics unchanged.
What changed: SEC Form 3 (Insider Ownership Report). This document is a routine compliance exhibit—an SEC Form 3 initial beneficial ownership statement. Bearing on the requested mechanics (redemption deadlines, trust value, extensions, deal progress, and sponsor conduct), it reports no non-derivative transactions or holdings for Verma Gaurav (Co-President), meaning there are no position changes tracking against the August 6, 2027 deadline or the $10.14 per-share trust account. Concerning other substance, the filing contains zero claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel moves beyond identifying his title at filing time. Why it matters: As a standard initial ownership confirmation, it provides no forward-looking signal regarding target identification, extension voting, or sponsor behavior. Its only function is verifying regulatory transparency during the SEARCH phase without altering investor calculations around the $10.14 trust floor or the 2027 liquidation window.
What changed: SEC Form 3, an initial insider ownership statement filed on 2026-06-17 for D. Boral Acquisition I Corp., identifying reporting person Jeffrey Tullman as a director. The submission explicitly notes 'No non-derivative transactions or holdings reported,' confirming zero shifts in insider positions, no effect on the SPAC’s SEARCHING status, and no modification to the redemption deadline of 2027-08-06 or the documented trust value of $10.14 per share. Deal progress and sponsor conduct remain static. Why it matters: According to the filing, the document contains no additional substantive disclosures regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. For investors monitoring redemption mechanics and trust preservation, this regulatory baseline verifies that director-level activity is not generating secondary liquidity pressure or stress-testing the capital structure. The reported absence of transactions leaves the $10.14 trust floor and shareholder redemption rights intact while the issuer continues its target search through the 2027-08-06 expiration window.
What changed: Routine compliance exhibit: SEC Schedule 13G beneficial ownership report filed by Polar Asset Management Partners Inc. The filing identifies Polar Asset Management Partners Inc. as the reporting holder for DBCA securities and assigns document number [0002048251-26-003768]. Per the text, Polar Asset Management Partners Inc. maintains its status as the beneficial owner. The excerpt discloses no share quantities, purchase prices, ownership percentages, acquisition dates, or purpose-of-transaction clauses. Consequently, there are no observable adjustments to trust distribution exposure, extension triggers, or sponsor governance behavior attributable to this submission. Why it matters: Institutional ownership disclosure allows investors to anticipate potential voting coordination, redemption timing, or support for a de-SPAC transaction. Because Polar Asset Management Partners Inc. did not attach schedule A or page II data in this excerpt, the report cannot confirm whether the holder plans to redeem, convert, or hold through a proposed business combination. The document provides no evidence of altered capital commitments, trust yield calculations, or deal progress. Investors must wait for the complete exhibit or subsequent amendments from Polar Asset Management Partners Inc. to assess mechanical impacts on trust value preservation or timeline extensions.(flagged for human review)
What changed: Schedule 13G — beneficial ownership report. Per the filing, Meteora Capital, LLC is identified as a beneficial owner of D. Boral Acquisition I Corp. securities. The provided excerpt contains no ownership percentages, dollar amounts, transaction dates, or narrative disclosures regarding redemptions, trust distributions, extension votes, merger advancement, or sponsor actions. Why it matters: This routine compliance exhibit tracks equity positions rather than SPAC operational mechanics. It does not signal alterations to DBCA’s SEARCHING status, its August 6, 2027 deadline, or its $10.14 per share trust composition. Without accompanying pages quantifying aggregate holding thresholds or detailing recent purchase/disposition events, the report provides no indication of investor liquidity pressure, accelerated deal timelines, or governance shifts that would impact capital recovery timing or target evaluation.
What changed: Form 10-Q (Quarterly Report) for the quarter ended March 31, 2026, filed by D. Boral Acquisition I Corp., a blank check company (SPAC) still searching for a business combination target. This is the first quarterly report since the IPO (closed February 12, 2026). The trust account now holds $288,873,487 ($10.05 per public share, up from $10.00 at IPO due to interest income of $1,373,487). The company has $513,684 in cash outside trust. No business combination has been announced; the company remains in the search phase. Operating expenses totaled $126,327. Net income of $1,247,160 was entirely from interest. No changes to the redemption deadline (18 months from IPO, i.e., August 12, 2027, with potential 21-month extension). Why it matters: Investors tracking redemption value, deal progress, and sponsor conduct will note that the trust per-share value has increased slightly to $10.05, the company has adequate working capital for search activities, and no deal has been announced. The filing confirms the sponsor's continued commitment (private placement, administrative services) and no adverse developments. The absence of a definitive agreement means the clock is ticking toward the August 2027 deadline.
What changed: A Schedule 13G beneficial ownership report asserting equity holdings by Glazer Capital, LLC and Paul J. Glazer, identified under SEC file number 0001076809-26-000048. The filing states that Glazer Capital, LLC and Paul J. Glazer hold beneficial ownership interests. Per the provided excerpt, the report contains no share quantities, acquisition dates, purchase prices, or percentage thresholds. Consequently, the document reports no movement in D. Boral Acquisition I Corp.’s trust per-share value ($10.14), introduces no extension motions, alters neither the business combination search deadline (2027-08-06) nor redemption mechanics, and records no shifts in sponsor conduct or deal progress. Why it matters: Because the filing strictly declares ownership positions and omits transactional details, it does not impact the timeline for locating a target, affect trust fund distribution protocols, or signal sponsorship changes. The report makes no claims regarding prospective target customers, revenue streams, addressable market size, proprietary technology, commercial partnerships, ongoing litigation, or executive personnel. Investors tracking the August 6, 2027 deadline, the $10.14 per-share trust allocation, or operational milestones will find the exhibit purely informational and mechanically inert.
What changed: Schedule 13G beneficial ownership report. The filing text identifies only the reporting holder (Aristeia Capital, L.L.C.) and the SEC series identifier. It contains no narrative, schedules, or footnotes addressing redemption windows, trust account maintenance, extension motions, business combination timeline, or sponsor governance. Consequently, the disclosed text does not shift the SPAC’s SEARCHING status, the reported $10.14 per-share trust valuation, or the 2027-08-06 liquidation deadline. Why it matters: This document records a greater-than-5% equity position crossing under Section 13(d) of the Securities Exchange Act. Aristeia Capital, L.L.C., as the named filer, advanced no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. Because the submission is restricted to passive share accumulation reporting, it provides no actionable intelligence on deal completion probability or sponsor execution capability, leaving all original search parameters and trust conditions structurally intact.
What changed: Routine compliance exhibit: A Joint Filing Agreement attached to a Schedule 13G beneficial ownership report that formalizes collaborative disclosure for D. BORAL ACQUISITION I CORP. shares dated March 31, 2026 under Rule 13d-1(k). Nothing bearing on redemption deadlines, trust value, extension mechanics, deal progress, or sponsor conduct has shifted. The filing solely acknowledges that Magnetar Financial LLC, Magnetar Capital Partners LP, Supernova Management LLC, and David J. Snyderman are collectively submitting their Schedule 13G statement. No amendments to the August 6, 2027 search deadline, per-share trust account balances, proxy timelines, redemption thresholds, or sponsor governance protocols are referenced, altered, or proposed. Why it matters: The agreement establishes a unified regulatory reporting baseline for four affiliated entities, executed by Hayley Stein as Attorney-in-fact for David J. Snyderman on May 13, 2026. For investors tracking large-holder alignment ahead of the redemption window, this confirms coordinated statutory disclosure rather than independent position movements. The exhibit contains zero substantive operational or commercial claims: there are no statements regarding target market size, customer pipelines, revenue forecasts, technological roadmaps, strategic partnerships, litigation exposure, or executive personnel changes. Because the filing is strictly administrative, no claims require attribution beyond the signatory's acknowledgment of joint filing obligations. It serves as a procedural checkpoint with no impact on valuation mechanics or deal trajectory.
What changed: This document is a Form 12b-25, titled 'NOTIFICATION OF LATE FILING,' submitted to the United States Securities and Exchange Commission by D. Boral Acquisition I Corp. Chief Financial Officer John Darwin states the annual report for the fiscal year ended December 31, 2025, could not be filed on time because the financial statements could not be completed in sufficient time to solicit and obtain the necessary review and signatures prior to the due date. Darwin confirms that all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding twelve months were filed, and marks that no anticipated significant change in results of operations will be reflected in the subject report. The registrant commits to filing the complete 10-K on or before the fifteenth calendar day following the prescribed due date. No adjustments to the business combination deadline or trust account mechanics are disclosed or triggered by this procedural notice. Why it matters: Late filings activate SEC delisting protocols and invoke the 18 U.S.C. 1001 warning regarding intentional misstatements or omissions of fact. For investors tracking redemption calendars, extension mechanics, deal progress, and sponsor conduct, this notification signals administrative or audit timing friction rather than strategic advancement or target acquisition. The filing contains no claims regarding customers, revenue, market size, strategy, technology, partnerships, or pending litigation beyond the standard federal warning signed by Darwin. Because the CFO attributes the delay solely to signature and review timelines and certifies no material operational shifts, shareholders should monitor whether the promised fifteenth-day submission arrives without supplemental delays, as prolonged reporting lulls in a searching SPAC frequently precede liquidity pressures or forced liquidation votes when the hard deadline approaches.
What changed: Annual Report on Form 10-K for the period from inception (April 3, 2025) through December 31, 2025, filed pre-business combination. First 10-K since IPO; no business combination identified. Trust account ~$288M ($10.00 per share initially). Deadline 18 months from IPO (Feb 12, 2026) with one 3-month extension. Disclosure controls ineffective due to limited staffing. No changes to redemption, sponsor terms, or extension mechanics. Why it matters: Confirms trust value, deadline, and extension options. Discloses material weakness in internal controls. No new deal or target announced; searching status confirmed.
What changed: A Joint Filing Agreement executed under Rule 13d-1(k) to facilitate the consolidated submission of a Schedule 13G beneficial ownership report for the ordinary shares, par value $0.0001 per share, of D. Boral Acquisition I Corp., a British Virgin Islands exempted company. Nothing. The filing contains no adjustments to the redemption calendar, the stated $10.14 trust per share, the 2027-08-06 deadline, or any extension mechanism. It introduces no modifications to shareholder tender windows, business combination progress, or sponsor capital commitment rules. Why it matters: The document formally consolidates the reporting obligations of D. Boral Sponsor I LLC, David Boral, and John Darwin into a single submission, with each party explicitly retaining responsibility solely for the accuracy and completeness of information pertaining to themselves while disclaiming liability for the other signatories’ disclosures. As a standard procedural exhibit, it advances no claims regarding customers, revenue, market size, strategy, technology, partnerships, litigation, or personnel. For investors tracking SPAC mechanics, the filing confirms routine regulatory compliance during the SEARCHING phase, leaving the trust reference, redemption deadline, and capital structure entirely undisturbed by new commercial or structural terms.
What changed: A Form 8-K Current Report under Item 8.01 (Other Events) accompanied by a press release announcing the mechanical separation and distinct trading commencement of a SPAC’s publicly listed units. According to the press release dated February 19, 2026 and signed by Chief Financial Officer John Darwin, D. Boral Acquisition I Corp. announced that holders of its initial public offering units may elect to separately trade the Class A ordinary shares and warrants beginning February 25, 2026. Each unit was issued with one Class A ordinary share (par value $0.0001) and one-half of one warrant. The filing specifies that no fractional warrants will be issued upon separation, only whole warrants will trade, and each whole warrant entitles the holder to purchase one share at an exercise price of $11.50. Broker contact with transfer agent Continental Stock Transfer & Trust Company is required to initiate the split. The document also reiterates the company’s publicly stated strategy to target acquisition opportunities in the technology, healthcare, and logistics industries, while cautioning that forward-looking statements regarding the search for an initial business combination remain contingent on numerous conditions detailed in the January 30, 2026 Form S-1 registration statement. The filing introduces no changes to the trust account, redemption deadline, extension procedures, or sponsor governance protocols. Why it matters: This filing functions as an administrative listing update that unlocks independent secondary trading for the shares and warrants starting February 25, 2026, which may alter short-term float dynamics, enable independent hedging strategies, and establish a definitive $11.50 strike price for post-combination dilution modeling. Because the SPAC remains in a searching phase with no business combination announcement, special distribution, or shareholder extension vote referenced, the mechanics described do not interrupt the established redemption calendar or modify the trust account trajectory. Investors monitoring exit windows or capital preservation metrics will find that the corporate structure, sponsor conduct standards, and target sector focus remain unchanged, making this a routine execution event rather than a catalyst for redemption timing or valuation adjustment.
What changed: SEC Schedule 13G beneficial ownership report (filing reference 0001193125-26-061271) identifying Sculptor Capital LP, Sculptor Capital II LP, Sculptor Capital Holding Corp, Sculptor Capital Holding II LLC, Sculptor Capital Management, Inc., and Sculptor Master Fund, Ltd. as the reporting holders. The excerpt supplies only the regulatory form title, the SEC submission number, and a roster of affiliated entity names; it contains no stated share counts, percentage thresholds, transaction dates, purchase prices, or filing purposes. As a result, the text reports no modification to the DBCA redemption deadline of 2027-08-06, the disclosed trust value of $10.14 per share, extension provisions, business combination progress, or sponsor conduct. Why it matters: As filed, the submission certifies that the named Sculptor Capital vehicles have reached the SEC-mandated reporting floor for DBCA, structurally altering the public shareholder registry during the SEARCHING phase. In SPAC markets, institutional block accumulation of this type frequently precipitates future communications regarding the 2027-08-06 timeline, target evaluation criteria, or voting posture, though the excerpt itself omits both the precise holding magnitude and any declared strategic intent.
What changed: This is a routine compliance exhibit (Form 8-K current report) accompanied by an audited balance sheet dated February 12, 2026, documenting the consummation of D. Boral Acquisition I Corp.’s initial public offering. According to the company's filing, the IPO closed on February 12, 2026, selling 28,750,000 units at $10.00 per unit for $287,500,000 in gross proceeds, with the underwriters fully exercising a 3,750,000-unit over-allotment option. Simultaneously, the company sold 200,000 private units to D. Boral Sponsor I LLC at $10.00 per unit for $2,000,000. SPAC mechanics, trust funding, and sponsor conduct are now formally established per the company's disclosures: $287,500,000 was deposited into a U.S.-based trust account maintained by Continental Stock Transfer & Trust Company, with the company stating the initial anticipated redemption amount is $10.00 per public share plus any pro rata interest. The filing sets the combination period at 18 months from closing, extendable to 21 months. Per the company's disclosed letter agreements, the sponsor waives redemption and liquidation rights for founder and private shares, agrees to vote founder shares in favor of a business combination, and accepts liability if third-party claims reduce trust assets below $10.00 per share, though the company explicitly notes it has not independently verified the sponsor's financial capacity to satisfy those indemnification obligations. Ongoing economic commitments include a $20,000 monthly administrative fee to the sponsor and up to $2,500,000 in convertible working capital loans. The company reports 14,475,000 warrants outstanding at an $11.50 exercise price, exercisable upon business combination completion or 12 months post-IPO, expiring five years thereafter, with a $18.00-per-share public warrant redemption trigger. Why it matters: Investors now have audited financial confirmation showing $864,356 in operating cash and $288,364,356 in total assets, alongside disclosed transaction costs of $6,027,544, which the company breaks down as a $100,000 fixed underwriter commission, $4,930,670 in representative share valuation, and $996,874 in other offering costs. Management discloses strategic focus areas in technology, healthcare, and logistics, while acknowledging zero operating revenues to date and retaining broad discretion over trust deployment pending a merger. The filing imposes an 80% net asset fair market value threshold for acquisition targets, caps individual shareholder redemptions during approval votes at 15% without prior written consent, and details warrant cashless exercise mechanics triggered by specific pricing thresholds. Risk disclosures attribute potential market volatility and supply chain disruptions to geopolitical instability from the Russia-Ukraine and Israel-Hamas conflicts. The entity operates as an emerging growth company with elected extended accounting transition periods and has engaged MaloneBailey, LLP as its independent registered public accounting firm.
What changed: Current report on Form 8-K filed by D. Boral Acquisition I Corp. to disclose the consummation of its initial public offering (IPO) on February 12, 2026, including the full exercise of the underwriters' over-allotment option, and to report related agreements, board appointments, and charter amendments. The Company closed its IPO of 28,750,000 units at $10.00 per unit, generating gross proceeds of $287,500,000. The underwriters' over-allotment option was exercised in full. A total of $287,500,000 was deposited into the trust account, implying a trust value of $10.00 per public share. The Company also completed a private placement of 200,000 private placement units to the sponsor for $2,000,000. Four new directors were appointed (Luisa Ingargiola, Jeffrey Tullman, George Kollitides, Kevin McGurn) and audit and compensation committees were formed. The amended and restated memorandum and articles of association became effective. All standard IPO agreements (underwriting, warrant, trust, registration rights, private placement, letter agreement, administrative services, indemnity) were executed. Why it matters: This filing establishes the SPAC's trust account of $287.5 million and starts the 18-month deadline (until August 12, 2027) to complete an initial business combination, with a possible 3-month extension. Investors should note the per-share trust value is $10.00 (before interest), the redemption mechanics, and the sponsor's commitment to not redeem founder shares. No target has been identified; the Company is now in the searching phase. The appointment of independent directors and committees provides governance structure. The full exercise of the over-allotment increases the trust size and potential acquisition firepower.
What changed: Final prospectus (424B4) for the initial public offering of D. Boral Acquisition I Corp., a blank-check SPAC, registering 25,000,000 units at $10.00 per unit. This is the IPO prospectus for a newly formed SPAC. No business combination target has been selected. The trust will hold $250,000,000 ($10.00 per unit). The deadline to complete a business combination is 18 months from closing, with one 3-month extension at the sponsor's option. Redemption rights are standard: public shareholders may redeem at the time of a business combination for cash equal to the trust account amount per share. A 15% cap on redemptions applies if a shareholder vote is used. The sponsor (D. Boral Sponsor I LLC) purchased founder shares at $0.002 per share and will buy 200,000 private units at $10.00 each. Why it matters: This filing establishes the full terms of a new SPAC IPO. For investors tracking redemption deadlines, the deadline is 18 months from the February 12, 2026 closing date (i.e., August 12, 2027), with a possible sponsor extension to November 12, 2027. The trust value is $10.00 per share initially, but the prompt states trust/share is $10.14, likely reflecting interest. The document includes extensive risk factors, dilution disclosures, and conflict-of-interest descriptions. The sponsor's low cost basis ($0.002 per founder share) and the underwriter's affiliation create significant incentive alignment risks.
What changed: Form 8-A for registration of certain classes of securities pursuant to Section 12(b) of the Securities Exchange Act of 1934. This filing formally registers Units (each comprising one Class A ordinary share and one-half of one redeemable warrant), Class A ordinary shares ($0.0001 par value), and whole Redeemable warrants for quotation on The Nasdaq Stock Market LLC. It incorporates by reference the security descriptions from the initial Form S-1 filed November 18, 2025, and explicitly codifies the warrant exercise price at $11.50 per share. No adjustments to redemption rights, trust account mechanics, extension voting rules, business combination deadlines, or sponsor forfeiture conditions are introduced or amended in this submission. Why it matters: By merely securing Section 12(b) exchange listing compliance, this administrative act maintains the SPAC’s public trading eligibility during its search phase without advancing merger progress or altering sponsor governance. The document contains no substantive claims regarding customers, revenue targets, market sizing, technology roadmaps, partnership arrangements, litigation exposure, or executive personnel strategies beyond Chief Financial Officer John Darwin’s February 10, 2026 authorization of the registration. For investors tracking the capital structure, the filing confirms the $11.50 strike benchmark and unit composition remain unchanged, leaving all existing redemption windows and extension frameworks untouched while signaling routine exchange maintenance rather than transaction momentum.
What changed: Registration statement (Amendment No. 2 to Form S-1) for the initial public offering of D. Boral Acquisition I Corp., a blank check company (SPAC) seeking a business combination. This amendment updates the registration statement with a preliminary prospectus dated January 28, 2026, reflecting the current status of the SPAC's IPO. It includes the terms of the offering, sponsor compensation, redemption rights, and conflict disclosures. No specific changes from prior amendments are highlighted in the filing text. Why it matters: Investors should note the terms: $10.00 per unit, 18-month deadline (with 3-month sponsor extension), redemption rights at $10.00 per share, and sponsor's nominal cost for founder shares ($0.002) which creates potential dilution. The SPAC is still searching for a target. The filing also details conflicts of interest with the sponsor/underwriter affiliation.
What changed: Amendment No. 1 to Form S-1 registration statement for the initial public offering of D. Boral Acquisition I Corp., a blank check company, seeking to register units, Class A ordinary shares, and warrants. This is a preliminary prospectus filing; the SPAC has not yet completed its IPO. The document sets forth the terms of the proposed offering, including the structure of the units, the trust deposit of $250,000,000, the sponsor compensation and founder share structure, redemption mechanics, the 18-month (with a 3-month sponsor option) completion window, and risk factors. No material change from a prior filing is indicated; this is the initial registration statement filing. Why it matters: The filing establishes the baseline legal and financial framework for the SPAC. Key mechanics for investors include: the trust value is $10.00 per unit (Class A share capital), the deadline to complete a business combination is 18 months from closing (with a single 3-month sponsor extension), shareholders have redemption rights regardless of vote, and there is a 15% cap on redemptions per beneficial owner if a shareholder vote is held. The filing also details sponsor conduct, including a $350,000 working capital loan and a monthly $20,000 administrative fee to the sponsor’s affiliate. The filing is material for tracking redemption deadlines and trust value.
What changed: S-1 registration statement for D. Boral Acquisition I Corp., a blank check company (SPAC) seeking to raise up to $287.5 million in an initial public offering. This is the initial S-1 filing for D. Boral Acquisition I Corp., a new SPAC sponsored by D. Boral Sponsor I LLC (affiliated with D. Boral Capital). The filing proposes an IPO of 25,000,000 units (plus an over-allotment of up to 3,750,000 units) at $10.00 per unit. Proceeds of $250,000,000 ($10.00 per unit) will be placed in trust. The trust is initially $10.09 but the per-share trust value is $10.00 per unit at closing. The trust will be held by Continental Stock Transfer & Trust Company. The deadline for a business combination is 18 months from closing, with one 3-month extension at the sponsor's option, and potentially further extensions by shareholder vote (the company says it does not expect to need more than 36 months total). No target has been identified. Why it matters: This filing establishes a new SPAC trust with $250 million in cash ($10.00 per unit), and details the terms of sponsor compensation, dilution, conflicts of interest, and redemption mechanics. Key points for tracking: trust value of $10.00 per public unit; a 21-month base deadline (18 months + 3-month extension); the sponsor paid $0.002/share for founder shares, creating significant dilution for public shareholders upon a business combination; the sponsor and its affiliates have a conflict of interest with another SPAC (D. Boral ARC Acquisition I Corp.) for deal flow; there is no minimum redemption threshold; and the underwriting arrangement includes a conflict of interest (FINRA Rule 5121) due to the sponsor's affiliation with the underwriter.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.