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Recent Updates — FJDIU

August 11, 2026View Source ↗

ARC Group Securities Acquisition I consummated its initial public offering on August 5, 2026, selling 10,500,000 units at $10.00 per unit for gross proceeds of $105,000,000. Each unit comprises one Class A ordinary share, one warrant exercisable at $11.50 per share, and a right to acquire 1/4 of an ordinary share upon business combination. Simultaneously, the company completed a private placement of 140,000 units to its sponsor for $1,400,000. Total proceeds of $106,400,000 were deposited into a U.S.-based trust account. The underwriters hold an unexercised option to purchase up to 1,575,000 additional units. This company operates as a blank check company (SPAC) formed to effect a merger or business combination with one or more businesses.