D. Boral Acquisition I Corp. 8-K

What Happened

• D. Boral Acquisition I Corp. announced the closing of its initial public offering on February 12, 2026. The IPO sold 28,750,000 units at $10.00 per unit (including full exercise of a 3,750,000-unit over-allotment option), generating $287,500,000 in gross proceeds.
• Each Unit consists of one Class A ordinary share and one-half of one redeemable warrant; each whole warrant is exercisable for one Class A ordinary share at $11.50. The company also completed a simultaneous private placement of 200,000 units to its sponsor at $10.00 per unit.

Key Details

• IPO size: 28,750,000 units at $10.00 each; gross proceeds $287,500,000 (includes over‑allotment).
• Private placement: 200,000 units to D. Boral Sponsor I LLC at $10.00 per unit (exempt from registration under Section 4(a)(2)).
• Representative shares: 2,000,000 Class A shares issued to the representative with a 180‑day transfer restriction and waivers of certain redemption/liquidation rights.
• Trust account: $287,500,000 placed in a U.S.-based trust (Continental Stock Transfer & Trust Company) to be held until completion of an initial business combination or redemption events; interest may be used for taxes and dissolution expenses.
• Governance and charter: Amended and Restated Memorandum and Articles of Association filed (effective Feb 10, 2026). Four new directors appointed (Luisa Ingargiola, Jeffrey Tullman, George Kollitides, Kevin McGurn) with committee assignments; indemnity agreements entered for directors and officers.

Why It Matters

• This 8-K signals the formation of a new blank‑check (SPAC-style) vehicle with $287.5M in trust to pursue an initial business combination. Investors should note the timeline and redemption mechanics (18 months to complete a business combination, extendable to 21 months), the presence of warrants (exercise price $11.50), and the sponsor/representative economics and lock-ups that can affect future share supply and voting outcomes.
• Board appointments, indemnity agreements, and the amended charter are in place, which set governance and legal protections as the company moves toward identifying and negotiating a target business.