Exascale Labs and D. Boral ARC Acquisition I Corp. shareholders approve business combination

Corporate Action
โดย GlobeNewswire·Read original
Summary · why it matters

Exascale Labs and D. Boral ARC Acquisition I Corp. announced that BCAR shareholders voted to approve their business combination at an extraordinary general meeting. The combined company will operate as Exascale Labs Holdings Inc. and trade on Nasdaq under the tickers XLAB and XLABW. Following redemptions, approximately $12 million remains in BCAR's trust account, satisfying the minimum cash closing condition. The parties expect to close the transaction shortly and do not anticipate pursuing additional financing before closing.

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Exascale LabsPrivate▲ Positive
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The business combination with BCAR was approved, allowing Exascale Labs to go public on Nasdaq.

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