D. Boral Acquisition I Corp. (DBCAW) Warrant
Each DBCAW warrant gives the holder the right to buy 1 share of D. Boral Acquisition I Corp. at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.02, below the strike, so the warrant is out of the money. D. Boral Acquisition I Corp. has a market value of about $433.58M. D. Boral Acquisition I Corp. is a SPAC (deal signed with Exascale Labs Inc.). It must complete a deal by August 12, 2027 or the warrants expire worthless. There are 14.47M listed warrants; exercising all of them would add 33.5% to the 43.27M shares outstanding.
DBCA vs strike, last 12 months
No share-price history for DBCA yet.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $18.00
- Cashless exercise
- no
- Break-even stock price
- $11.85
From the issuer's S-1/A (2026-01-26).
Company and stock
- Company
- D. Boral Acquisition I Corp.
- Underlying stock
- DBCA
- Share price
- $10.02
- Market cap
- $433.58M
- Shares outstanding
- 43.27M
- Value of all listed warrants
- $5.07M (1.2% of market cap)
Market cap is the last share price times shares outstanding (as of 10-Q 2026-). All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.3500
- Price / model
Get Pro to see whether DBCAW is cheap or rich against our model.
Dilution
- Shares outstanding
- 43.27M
- Listed warrants
- 14.47M
- Dilution if all exercised
- 33.5%
Warrant count from filing iXBRL: WarrantMember (single series tagged).
SPAC deal
- Status
- deal signed
- Target
- Exascale Labs Inc.
- Deal announced
- 2026-01-11
- Deadline
- 2027-08-12
- Latest possible deadline
- 2027-11-12
- Trust per share
- $10.20
- Sponsor
- D. Boral Sponsor I LLC
- Sponsor's earlier SPACs
- 1 (0 closed a deal)
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about DBCAW
When does the DBCAW warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of DBCAW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many DBCAW warrants are outstanding?
14.47M listed warrants, equal to 33.5% dilution if all are exercised.