Recent Updates — BCARU
D. Boral ARC Acquisition I Corp. (BCAR) shareholders approved the business combination with Exascale Labs Inc., including the Domestication Merger to re-domicile BCAR as a Delaware corporation named Exascale Labs Holdings Inc. and the adoption of new organizational documents establishing a dual-class share structure. Shareholders elected five directors to the combined company's board and approved an equity incentive plan. Approximately 95.95% of public shares were redeemed, leaving approximately $12 million in the trust account to fund closing conditions without additional financing. The combined entity will operate as Exascale Labs Holdings Inc., trading on Nasdaq under the ticker XLAB. Exascale is a provider of next-generation AI compute infrastructure and GPU-as-a-Service solutions.