ARC Group Acquisition I Corp is a SPAC — a blank check company with no operations, revenue, or identified acquisition target. Its sole purpose is to raise capital through an IPO and use those proceeds to complete a merger or acquisition with one or more operating businesses. ARC Group targets companies with an enterprise value of $700M or greater, with a preference for technology, healthcare, and logistics, though it may pursue any industry or geography. ARC Group raised $105M (up to $120.75M if the over-allotment option is exercised) at $10.00 per unit, with substantially all proceeds held in trust invested in short-term U.S. government securities. The SPAC has 12 months (extendable to 15 months) to complete a deal, after which it must liquidate and return trust proceeds to public shareholders. Each IPO unit includes one Class A share, one warrant exercisable at $11.50, and a right to receive 1/4 of a Class A share upon deal close. Public shareholders may redeem shares for approximately $10.00 regardless of how they vote on a deal. The sponsor, MFH 2, LLC, paid roughly $25,000 for ~4.5M founder shares, creating asymmetric economics where the sponsor profits significantly from any deal closing while public shareholders bear the downside. ARC Group's management team has prior SPAC experience, though post-combination performance of targets previously facilitated by this team has generally been poor, with most trading at low market capitalizations post-deal.