D. Boral ARC Acquisition I’s (NASDAQ:BCARU – Get Free Report) lock-up period is set to end on Tuesday, January 27th. D. Boral ARC Acquisition I had issued 25,000,000 shares in its IPO on July 31st. The total size of the offering was $250,000,000 based on an initial share price of $10.00. After the end of the company’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.
D. Boral ARC Acquisition I Trading Down 9.0%
Shares of D. Boral ARC Acquisition I stock opened at $10.77 on Monday. D. Boral ARC Acquisition I has a 12-month low of $9.90 and a 12-month high of $11.84. The stock’s fifty day moving average is $10.54.
Institutional Trading of D. Boral ARC Acquisition I
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Longfellow Investment Management Co. LLC bought a new position in D. Boral ARC Acquisition I during the third quarter worth about $82,000. Heights Capital Management Inc. acquired a new position in D. Boral ARC Acquisition I during the third quarter valued at approximately $251,000. PenderFund Capital Management Ltd. bought a new stake in D. Boral ARC Acquisition I in the third quarter valued at approximately $294,000. Schonfeld Strategic Advisors LLC acquired a new stake in D. Boral ARC Acquisition I in the third quarter worth $443,000. Finally, JPMorgan Chase & Co. acquired a new stake in D. Boral ARC Acquisition I in the third quarter worth $625,000.
About D. Boral ARC Acquisition I
We are a blank check company incorporated on March 20, 2025 as a BVI business company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.
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