D. Boral Acquisition I Corp. is a SPAC — a blank check company with no operations, no revenue, and no identified acquisition target. D. Boral raised $287.5M in its IPO in February 2026, with proceeds held in a trust account invested in U.S. government treasuries or money market funds. The company has 18 months from IPO close (with one optional 3-month extension) to complete a de-SPAC transaction, or it must return the trust to shareholders. D. Boral is sponsored by D. Boral Capital, an investment banking and SPAC advisory firm, and is led by CEO David Boral and CIO/CFO John Darwin. The sponsor and management hold founder shares acquired at a steep discount to the IPO price, creating a strong incentive to complete any deal — since failing to close wipes out the sponsor's investment entirely, while public shareholders retain the right to redeem at approximately $10.00 per share regardless. D. Boral intends to pursue targets with high growth potential and scalable business models, but has not identified a specific sector or target. The company has two executive officers and no full-time employees.