D. Boral Acquisition I DBCA

D. Boral Acquisition I Corp. is a blank check company incorporated as a British Virgin Islands business company and formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company has no ongoing operations and its sole purpose is to complete an initial business combination. It raised capital through an initial public offering and a private placement to place the proceeds in a trust account invested in short term U. S. government treasury obligations or money market funds. The trust account is intended to preserve the funds until a suitable target is identified and a business combination is executed. The initial public offering closed on February 12 2026 and generated gross proceeds of two hundred eighty seven million five hundred thousand dollars. Simultaneously the company completed a private placement of two hundred thousand units to its sponsor at the same offering price. As of March 30 2026 the funds in the trust account totaled approximately two hundred eighty eight million dollars. The company has until twenty one months from the IPO closing to complete its initial business combination subject to possible extensions.

The company does not generate revenue from products or services because it has not yet completed a business combination. Its primary source of income is interest earned on the funds held in the trust account which are invested in short term U. S. government treasury obligations or money market funds. These interest earnings accrue to the trust and may be used to cover certain administrative and offering expenses. After a successful business combination the company expects to derive revenue from the operations of the acquired business but no such revenue is presently reported. The interest earned on the trust assets is accrued daily and credited to the trust account balance. These earnings are considered part of the trust funds and may be released to cover certain expenses related to the search for a target business. If a business combination is not completed the trust funds will be returned to public shareholders on a pro rata basis. The company does not anticipate any operating revenue until after the business combination. Any future revenue will depend entirely on the nature and performance of the acquired business.

D. Boral Acquisition I Corp. operates in the competitive landscape of special purpose acquisition companies commonly known as blank check companies. It faces competition from other SPACs and from private equity groups that seek similar acquisition targets. The company’s competitive advantages stem from its management team’s extensive experience in structuring and executing SPAC transactions across multiple jurisdictions. The team has a proven record of identifying and securing proprietary deal flow through its sponsor’s network and its own industry relationships. This expertise enables the company to access high quality target businesses and to negotiate favorable transaction terms. The management team has over seventy five years of combined experience in private equity investment and investment banking with a focus on SPAC transactions. Since 2020 the team has led or advised on more than seventy SPAC deals with a total transaction value exceeding eight billion dollars. This track record provides the company with a reputation for executing transactions in diverse economic conditions and across various geographic regions. The company leverages its sponsor’s relationships with private equity firms venture capital funds family offices and industry executives to source proprietary deal flow. These relationships enable the company to access off market opportunities. The company’s global experience includes successful transactions in North America Europe Asia and emerging markets. This broad exposure helps the company identify undervalued growth prospects outside saturated domestic markets.

The company does not have a traditional customer base prior to completing a business combination. Its efforts are directed toward identifying and negotiating with prospective target businesses that meet its investment criteria. It seeks to engage with companies across various industries that demonstrate strong growth potential capable management and the ability to generate future cash flows. The company looks for businesses with an attractive competitive position and knowledgeable management teams with a proven track record. It also seeks companies that show high revenue growth or the potential for high revenue growth and that can generate future profits and free cash flows. Scalability across multiple geographies and the ability to benefit from being a publicly traded company are additional considerations. While the company may consider targets outside these guidelines it will disclose any deviation in its shareholder communications related to the proposed business combination. The company has not yet entered into any definitive agreement with a target and therefore has no specific customers to report.