D. Boral Acquisition I Corp. closes $287.5 million IPO and places proceeds in trust
D. Boral Acquisition I Corp., a blank check company, closed its initial public offering of 28,750,000 units at $10.00 per unit on February 12, 2026, generating gross proceeds of $287.5 million. The full $287.5 million was placed in a U.S.-based trust account, and the company has not yet identified a business to acquire, so shareholders' money remains in the trust until a business combination or redemption.
Key points
- IPO of 28,750,000 units at $10.00 per unit closed February 12, 2026, including 3,750,000 units from the full exercise of the underwriters' over-allotment option
- $287.5 million placed in a trust account maintained by Continental Stock Transfer & Trust Company, acting as trustee
- Private placement of 200,000 units to sponsor D. Boral Sponsor I LLC at $10.00 per unit, generating $2.0 million
- Company has 18 months from the IPO closing, or up to 21 months if extended, to complete a business combination; otherwise it will redeem public shares
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 19, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.