By Katherine Hamilton

D. Boral ARC Acquisition I has agreed to combine with Exascale Labs to bring the artificial intelligence compute infrastructure platform public.

The special-purpose acquisition company said Monday that its proposed deal gives Exascale a roughly $500 million pre-transaction equity value.

Exascale designs and operates AI compute infrastructure for large-scale model training, inference and enterprise workloads. The combined company is expected to trade on Nasdaq.

Through the deal, Exascale will roll over all its equity and retain a majority of the combined company's outstanding shares. The proposed combination includes a minimum cash condition of $5 million.

The deal, which has been approved by the boards of both Exascale and the SPAC, is expected to close in the second quarter of 2026.

Exascale Chief Executive Hoansoo Lee, who has worked at Microsoft, AWS, Dell and HPE, said going public will help Exascale accelerate growth plans, invest in its technology and expand its services to meet growing demand for AI infrastructure.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

January 12, 2026 18:36 ET (23:36 GMT)

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