D. Boral ARC Acquisition I Corp. Warrant expiring July 23, 2030

D. Boral ARC Acquisition I Corp. Warrant is a derivative security issued by a special purpose acquisition company (SPAC). Each whole warrant grants the holder the right to purchase one Class A ordinary share of D. Boral ARC Acquisition I Corp. at a fixed price of $11.50 per share, and these warrants are set to expire on July 23, 2030. The warrants began trading separately following the company's initial public offering, which raised $250 million through the sale of units that initially included both shares and warrants. The primary function of these warrants is to provide investors with a leveraged means to participate in any potential appreciation in the underlying shares, typically following the completion of a business combination or acquisition, which is the main objective of a SPAC. D. Boral ARC Acquisition I Corp. focuses on seeking acquisition targets where its management’s expertise can offer a strategic edge, particularly in industries such as technology, healthcare, and logistics. In the broader financial market, SPAC warrants like these facilitate capital raising for mergers or acquisitions and allow public market investors to gain exposure to potential growth companies identified through the SPAC process while offering optionality via the warrants themselves.