Skip to main content

D. Boral Acquisition I Corp.

For the period ended Jun 30, 2026. Filed Aug 14, 2026.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2026 · Filed Aug 14, 2026

DBCA$10.060.0%Stored close · as of Nov 6, 2026

What changed in Management’s Discussion and Analysis?

Read the current filing

Previous report: 10-Q

Period ended 2026-03-31; filed 2026-05-14.

0001213900-26-056083

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Current report: 10-Q

Period ended 2026-06-30; filed 2026-08-14.

0001213900-26-089366

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.

Compared 22 previous paragraphs and 28 current paragraphs.

13 unchanged; 8 reworded; 7 added; 1 removed; 0 previous and 0 current paragraphs rearranged.

Tables are not compared: 2 previous and 2 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.

A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.

Added paragraphs (7)

Current report

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Current report

In connection with the Company’s assessment of going concern considerations in accordance with FASB ASC Topic 205-40, Presentation of Financial Statements—Going Concern, the Company was formed for the purpose of completing a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities on or before August 6, 2027. The Company also has no approved plan in place to extend the business combination deadline beyond August 6, 2027. Management has determined that the timing of liquidation raises substantial doubt about the Company’s ability to continue as a going concern for the next twelve months from the issuance of these unaudited condensed financial statements. No adjustments have been made to the carrying amounts of assets or liabilities.

Current report

We do not have any long-term debt, capital lease obligations, operating lease obligations or long-term liabilities, other than an agreement to pay an affiliate an aggregate of $20,000 per month for office space, utilities and secretarial and administrative support. We began incurring these fees on February 11, 2026 and will continue to incur these monthly fees until the completion of the initial Business Combination or the liquidation of the Company.

Current report

The underwriters had a 45-day option from the date of the initial public offering to purchase up to an additional 3,750,000 units to cover over-allotments, if any. On February 12, 2026, simultaneously with the closing of the initial public offering, the underwriters elected to fully exercise the over-allotment option to purchase the additional 3,750,000 Units at a price of $10.00 per Unit. We also entered into a registration rights agreement on February 10, 2026 pursuant to which we granted registration rights to the sponsor and their permitted transferees.
Removed paragraphs (1)

Previous report

Off-Balance Sheet Arrangements; Commitments and Contractual Obligations
Reworded paragraphs (8)

Previous wording

For the three months ended March 31, 2026, we had net income of $1,247,160, which represents interest income earned on cash held in trust account of $1,373,487, partially offset by formation and operating costs of $126,327.

Current wording

For the three and six months ended June 30, 2026, we had net income of $2,467,167 and $3,714,327, respectively, which represents interest income earned on cash held in trust account of $2,650,775 and $4,024,262, respectively, partially offset by formation and operating costs of $183,608 and $309,935, respectively.

Previous wording

The Company’s liquidity needs prior to the consummation of our initial public offering were satisfied through the payment of $25,000 from the sponsor upon the issuance of the founder shares, loan proceeds from the sponsor of $350,000 under an unsecured promissory note and advances from related party. Subsequent to the consummation of our initial public offering, the Company’s liquidity has been satisfied through the net proceeds from our initial public offering and the proceeds from the sponsor from the purchase of the private units.

Current wording

The Company’s liquidity needs prior to the consummation of our initial public offering were satisfied through the payment of $25,000 from the sponsor upon the issuance of the founder shares, loan proceeds from the sponsor of $350,000 under an unsecured promissory note. Subsequent to the consummation of our initial public offering, the Company’s liquidity has been satisfied through the net proceeds from our initial public offering and the proceeds from the sponsor from the purchase of the private units.

Previous wording

We intend to use substantially all of the funds held in the trust account, including any amounts representing interest earned on the trust account to complete our initial business combination. We may withdraw interest to pay our income and franchise taxes, if any. Our annual income tax obligations will depend on the amount of interest and other income earned on the amounts held in the trust account. We expect the interest earned on the amount in the trust account will be sufficient to pay our income taxes. To the extent that our equity or debt is used, in whole or in part, as consideration to complete our initial business combination, the remaining proceeds held in the trust account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.

Current wording

We intend to use substantially all of the funds held in the trust account, including any amounts representing interest earned on the trust account to complete our initial business combination. To the extent that our equity or debt is used, in whole or in part, as consideration to complete our initial business combination, the remaining proceeds held in the trust account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.

Previous wording

As of March 31, 2026, we have available to us the approximately $513,684 of proceeds held outside the trust account. We will use these funds to primarily identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, and structure, negotiate and complete a business combination.

Current wording

As of June 30, 2026, we have available to us $317,622 of proceeds held outside the trust account. We will use these funds to primarily identify and evaluate target businesses, perform business due diligence on prospective target businesses, travel to and from the offices, plants or similar locations of prospective target businesses or their representatives or owners, review corporate documents and material agreements of prospective target businesses, and structure, negotiate and complete a business combination.

Previous wording

For the three months ended March 31, 2026, cash used in operating activities was $350,672. Net income of $1,247,160 was offset by interest income earned on cash held in trust account of $1,373,487 and change in assets and liabilities of $224,345.

Current wording

For the six months ended June 30, 2026, cash used in operating activities was $563,659. Net income of $3,714,327 was offset by interest income earned on cash held in trust account of $4,024,262 and change in assets and liabilities of $253,724.

Previous wording

For the three months ended March 31, 2026, cash used in investing activities was $287,500,000, which represents proceeds from the initial public offering and private placement deposited into the Trust account.

Current wording

For the six months ended June 30, 2026, cash used in investing activities was $287,500,000, which represents proceeds from the initial public offering and private placement deposited into the trust account.

Previous wording

For the three months ended March 31, 2026, cash provided by financing activities was $288,339,356, which represents proceeds from the initial public offering and private placement less offering costs and repayment of Promissory Note - Related Party.

Current wording

For the six months ended June 30, 2026, cash provided by financing activities was $288,356,281, which represents proceeds from the initial public offering and private placement less offering costs and repayment of Promissory Note - Related Party.

Previous wording

As of March 31, 2026, we did not have any off-balance sheet arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K and did not have any commitments or contractual obligations.

Current wording

As of June 30, 2026, we did not have any off-balance sheet arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K.