D. Boral ARC Acquisition I (BCAR)
Formed to complete a business combination, with Exascale Labs as its approved target.
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Formed as a blank-check company to pursue a business combination. Shareholders approved its proposed combination with Exascale Labs, but closing remains subject to conditions and has not been disclosed as complete.
Formed as a British Virgin Islands blank-check company, it seeks a merger, share exchange, asset acquisition, or similar business combination rather than operating a product business. Before a combination, its activities consist of formation, IPO-related matters, and trust-account administration; it has no operating segments, customers, or products.
Management and affiliated experience had pointed its target search toward technology, healthcare, and logistics. The company is led by Chairman and Chief Executive Officer David Boral through a small sponsor-and-officer structure.
Shareholders approved the proposed business combination with AI-compute-infrastructure company Exascale Labs. The parties said closing was expected after remaining conditions were satisfied or waived, so the planned Exascale Labs Holdings identity and XLAB symbols remain conditional.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $41.7K · Total debt $0 · Total assets $290.1M · Shareholders' equity −$618.9K
- Revenue
- $0
- Operating income
- −$673.0K
- Net income
- $1.9M
No dividends on record.
| Institutions63 holders · as of Mar 31, 2026 | 67.95% | 28.00M shares | |
| Strategic holders3 holders · as of Jun 10, 2026 | 37.56% | 15.48M shares | |
| Adds to | 105.51% |
41.20M company shares as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 105.51%; nothing is left for Other.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
MFH 1, LLC1Strategic10 percent owner | 29.61% | 12.20M COMPANY | 13Gfiled Sep 9, 2025 ↗ |
Harraden Circle Investments, LLCInstitution | 5.18% | 2.13M A | 13Fas of Mar 31, 2026 |
RLH Capital LLCInstitution | 4.48% | 1.85M A | 13Fas of Mar 31, 2026 |
The Goldman Sachs Group, Inc.Strategic | 4.41% | 1.82M | 13Gfiled May 11, 2026 ↗ |
Linden Advisors LPInstitution | 3.88% | 1.60M A | 13Fas of Mar 31, 2026 |
| See all 25 → | |||
- MFH 1, LLC's transaction reports restate only vehicles that traded; the 2025 ownership statement (12.20M) is used instead.
13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more
Insider tradesForm 4
No open-market trades in the last 12 months.
Not reported.