D. Boral Acquisition I, a blank check company led by D. Boral Capital executives, raised $250 million by offering 25 million units at $10. Each unit consists of one share of common stock and one-half of one warrant, exercisable at $11.50.
D. Boral Acquisition I is led by CEO and Chairman David Boral, the founder and CEO of D. Boral Capital, formerly known as EF Hutton. He is joined by CFO, CIO, and Director John Darwin, the CIO of D. Boral Capital. The SPAC plans to target companies with an enterprise value of $700 million or more, with an attractive competitive position, knowledgeable management teams, a proven track record, high revenue growth, and scalability across multiple geographies.
Management's other SPACs include D. Boral ARC Acquisition I (BCAR; +1.5% from $10 offer price), which raised $250 million in July 2025, and D. Boral ARC Acquisition II (ARBCU), which filed to raise $250 million in June 2025, before lowering the proposed deal size to $150 million in December.
D. Boral Acquisition I plans to list on the Nasdaq under the symbol DBCAU. D. Boral Capital acted as sole bookrunner on the deal.
