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SPAC · Merger completed

D. Boral ARC Acquisition I Corp.

Business combination with Exascale Labs Inc.

D. Boral ARC Acquisition I Corp. is a blank-check company (SPAC) that raised $250M in its initial public offering on Aug 1, 2025, listing on Nasdaq. It completed its business combination with Exascale Labs Inc. on Aug 27, 2026; the combined company is Exascale Labs Holdings Inc. (XLAB). D. Boral Capital led the IPO, with Roth Capital. Loeb & Loeb advised the SPAC and Paul Hastings advised the underwriters on the IPO.

Status
Merger completed
IPO date
Aug 1, 2025
IPO size
$250M
IPO exchange
Nasdaq
Target
Exascale Labs Inc.
Announced
Jan 13, 2026
Stated deal value
$500M
Closed
Aug 27, 2026
Combined company
Exascale Labs Holdings Inc. (XLAB)
IPO underwriters
D. Boral Capital and Roth Capital
SPAC counsel (IPO)
Loeb & Loeb and Forbes Hare
Underwriters' counsel (IPO)
Paul Hastings

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