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News articleYahoo Finance· January 12, 2026

Exascale Labs Inc. to Combine with D. Boral ARC Acquisition I Corp. to Become Publicly Listed Company

View original at finance.yahoo.com
Exascale Labs Inc. to Combine with D. Boral ARC Acquisition I Corp. to Become Publicly Listed Company Transaction positions Exascale Labs as a publicly listed provider of high-performance, secure, and scalable AI compute infrastructure for enterprise customers…
Opening lines of the source · Yahoo Finance · short snapshot — read the full document at the original

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  • Exascale has demonstrated consistent monthly revenue growth supported by long-term, recurring customer engagements, and has built a qualified pipeline exceeding $300 million.

    80% confidence
  • Our goal with BCAR was to identify a high-quality, rapidly growing company with strong business fundamentals, supported by a visionary and experienced management team. Hoansoo and his team have built Exascale into a next-generation AI infrastructure solution and have set themselves apart in the industry by engaging blue-chip customers and multi-year contracts with an impressive backlog. We believe Exascale is uniquely positioned for continued value creation in the growing AI adjacent landscape, and we are excited to partner with them to bring this business to the public markets and support their long-term vision.

    80% confidence
  • This milestone is a testament to Exascale's vision of making advanced AI computing power accessible on a global scale. By partnering with BCAR to become a public company, we expect to accelerate our growth plans, invest further in our cutting-edge technology, and expand our services to meet the unprecedented demand for AI infrastructure. We believe this transaction will position us to create long-term value for our customers and shareholders as we execute on our strategy.

    80% confidence
  • The global Artificial Intelligence Infrastructure Market was valued at approximately $135.81 billion in 2024 and is projected to grow from approximately $182.07 billion in 2025 to approximately $394.46 billion by 2030.

    80% confidence
  • The proposed business combination gives Exascale approximately $500 million in pre-transaction equity value.

    80% confidence
  • Exascale's business model is driven by an increasingly diversified base of long-dated, contracted infrastructure engagements across enterprise, academia, AI-native customers, developers, and decentralized AI protocols, typically involving dedicated compute capacity deployed over multi-year periods.

    80% confidence
  • The closing of the proposed business combination is expected to be in the second quarter of 2026, subject to shareholders' approval and the satisfaction of customary closing conditions.

    80% confidence

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Morgan Stanley & Co. LLC
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