Business Context and Reporting Period
D. Boral Acquisition I Corp., a British Virgin Islands-based special purpose acquisition company (SPAC), reported the consummation of its initial public offering (IPO) on February 12, 2026. The company is an emerging growth company with principal executive offices in New York, NY.
Key Financial Metrics
- Gross Proceeds: $287,500,000 from the IPO.
- Units Sold: 28,750,000 Units at $10.00 per Unit, including 3,750,000 Units from the full exercise of the underwriters' over-allotment option.
- Private Placement: 200,000 Private Placement Units sold to the Sponsor at $10.00 per Unit.
- Trust Account: A total of $287,500,000 was deposited into a U.S.-based trust account maintained by Continental Stock Transfer & Trust Company.
- Warrant Terms: Each whole warrant is exercisable to purchase one Class A ordinary share at $11.50 per share.
- Profit, Cash Flow, Margins, Debt: The filing text does not provide specific values for net income, operating cash flow, profit margins, or outstanding debt obligations beyond the IPO proceeds.
Material Changes
This filing represents the company's initial public offering. As a newly formed SPAC, there is no prior comparable period for revenue or operating performance. The primary material change is the transition from a private entity to a public company with $287.5 million in liquid assets held in trust.
Outlook, Risks, and Management Commentary
The filing confirms the successful closing of the IPO and the placement of proceeds into a trust account, which is standard for SPACs to preserve capital for a future business combination. The filing does not contain specific forward-looking guidance, management commentary on future targets, or detailed risk factors beyond standard regulatory disclosures. An audited balance sheet as of February 12, 2026, is attached as Exhibit 99.1.
Investor Verification Checklist
- Verify the terms of the trust account and the conditions under which funds may be withdrawn.
- Review the attached audited balance sheet (Exhibit 99.1) for confirmation of cash balances and initial liabilities.
- Confirm the specific redemption rights and warrant exercise conditions detailed in the full registration statement.
- Identify the Sponsor and their ownership stake via the Private Placement Units.