Recent Updates — BCARW

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.

D. Boral ARC Acquisition I Corp. (BCAR) has scheduled an Extraordinary General Meeting for July 29, 2026, at 10:00 AM Eastern Time to vote on the approval of a Business Combination with Exascale Labs Inc. Shareholders of record as of July 6, 2026, are eligible to vote. The transaction involves a merger with Exascale Labs, with the resulting entity expected to operate as Exascale Labs Holdings Inc. and list on Nasdaq under the ticker "XLAB". The company is a special purpose acquisition company (SPAC) designed to effect a business combination.