D. Boral ARC Acquisition I Corp.

D. Boral ARC Acquisition I Corp. (BCAR) announced the scheduling of an Extraordinary General Meeting (EGM) for its shareholders on July 29, 2026, at 10:00 AM Eastern Time. The EGM is being held to approve the previously announced business combination with Exascale Labs Inc. Shareholders of record as of July 6, 2026, are eligible to vote. Upon closing, the combined entity will be named Exascale Labs Holdings Inc. and is expected to trade on Nasdaq under the ticker symbol "XLAB."

Exascale Labs announced that its CEO, Dr. Hoansoo Lee, will present at the Guosheng Securities SST Industry Forum on May 29, 2026, in Shanghai. Dr. Lee will discuss the critical role of solid-state transformer (SST) and high-voltage direct current (HVDC) architectures in next-generation AI data centers, emphasizing their importance for efficiency and high-density AI workloads. This presentation comes as Exascale Labs progresses with its proposed business combination with D. Boral ARC Acquisition I Corp., which is anticipated to close in the second half of 2026, with the combined entity trading as Exascale Labs Holdings Inc. under the ticker XLAB.

D. Boral ARC Acquisition I Corp. (BCAR) announced it entered into a Merger Agreement with Exascale Labs Inc. on January 11, 2026. The aggregate consideration for the acquisition is $500,000,000, to be paid in 50,000,000 newly issued shares of PubCo common stock. For the three months ended March 31, 2026, the company reported a net income of $2,011,318, primarily driven by $2,543,059 in interest income from its trust account. However, the company also noted that it does not have adequate liquidity to sustain operations, raising substantial doubt about its ability to continue as a going concern.

D. Boral ARC Acquisition I Corp. (BCAR) announced a merger agreement with Exascale Labs Inc., a next-generation AI infrastructure provider, signed on January 11, 2026. The transaction implies a $632 million pro forma enterprise value, with Exascale having a pre-money valuation of $500 million. Exascale securityholders are expected to roll over 100% of their equity, holding approximately 54.8% to 79.1% of the outstanding pro forma equity, depending on redemptions. BCAR has not yet secured the required $5 million minimum cash financing for PubCo.