SAN FRANCISCO, July 07, 2026 (GLOBE NEWSWIRE) — Exascale Labs I c. (“Exascale” o the “Compa y”), a p ovide of ext-ge e atio AI compute i f ast uctu e, a d D. Bo al ARC Acquisitio I Co p. (Nasdaq: BCAR) (“BCAR”), a special pu pose acquisitio compa y, today a ou ced that the Ext ao di a y Ge e al Meeti g of Sha eholde s of BCAR (the “Meeti g”) to app ove the p eviously a ou ced p oposed busi ess combi atio betwee Exascale a d BCAR (the “Busi ess Combi atio “), pu sua t to the Busi ess Combi atio Ag eeme t betwee BCAR, Exascale a d D. Bo al ARC Me ge Co po atio (“Pubco”), amo g othe pa ties, e te ed i to as of Ja ua y 11, 2026 (the “Busi ess Combi atio Ag eeme t”), has bee scheduled fo Wed esday, July 29, 2026 at 10:00 Easte Time.
At the Meeti g, BCAR sha eholde s will be asked to co side a d vote upo p oposals to app ove the Busi ess Combi atio a d elated matte s. BCAR sha eholde s of eco d as of Mo day, July 6, 2026, a e eligible to atte d a d vote at the Meeti g. The Meeti g will be held at the offices of Loeb & Loeb LLP, 345 Pa k Ave ue, New Yo k, NY 10154 a d vi tually by visiti g www.p oxydocs.com/BCAR. BCAR sha eholde s ca atte d usi g the meeti g i st uctio s set fo th o thei p oxy ca ds.
The Busi ess Combi atio is expected to close sho tly followi g the sha eholde meeti g, subject to BCAR sha eholde app oval a d the satisfactio o waive of ce tai closi g co ditio s. Upo closi g, the combi ed compa y is expected to ope ate as Exascale Labs Holdi gs I c. a d its sha es a e expected to t ade o Nasdaq u de the ticke symbol “XLAB.”
A defi itive p oxy stateme t co tai i g the p oposals to be p ese ted at the Meeti g has bee filed with the SEC (the “P oxy Stateme t”); copies of the P oxy Stateme t have bee mailed to BCAR sha eholde s of eco d as of the eco d date. I fo matio about how to atte d the Meeti g a d vote is set fo th i the P oxy Stateme t.
Eve y sha eholde ’s vote is impo ta t, ega dless of the umbe of sha es held. Acco di gly, BCAR equests that each sha eholde complete, sig , date a d etu a p oxy ca d (o li e o by mail) as soo as possible to e su e that the sha eholde ’s sha es will be ep ese ted at the Meeti g.
If a y i dividual BCAR sha eholde does ot eceive the P oxy Stateme t, such sha eholde should (i) co fi m his o he P oxy Stateme t’s status with his o he b oke o (ii) co tact Adva tage P oxy, I c., BCAR’s p oxy solicito , by email at ka e @adva tagep oxy.com. I dividuals may also call Adva tage P oxy toll f ee at 877-870-8565; ba ks a d b oke s ca call 206-870-8565.
BCAR is a special pu pose acquisitio compa y fo med fo the pu pose of effecti g a me ge , amalgamatio , sha e excha ge, asset acquisitio , sha e pu chase, eo ga izatio o simila busi ess combi atio with o e o mo e busi esses.
Exascale Labs is a ext-ge e atio AI i f ast uctu e p ovide ope ati g a asset-light, softwa e-defi ed GPU compute platfo m a d elated AI i f ast uctu e solutio s. Exascale’s co e busi ess i cludes GPU-as-a-Se vice, th ough which it p ovides ese ved a d o -dema d access to high-pe fo ma ce GPU compute capacity sou ced f om thi d-pa ty data ce te s globally, as well as GPU cluste ma ageme t a d optimizatio se vices fo AI data ce te ope ato s.
I additio , Exascale has developed ce tai modula data ce te , high-de sity cooli g, HVDC powe a d e e gy sto age solutio s desig ed to add ess deployme t bottle ecks i AI i f ast uctu e. Exascale’s platfo m is pu pose-built fo la ge-scale AI wo kloads, i cludi g LLM t ai i g, fi e-tu i g, a d high-co cu e cy i fe e ce. Fo mo e i fo matio , please visit: https://www.exascalelabs.ai
This p ess elease co tai s fo wa d-looki g stateme ts withi the mea i g of the “safe ha bo ” p ovisio s of the P ivate Secu ities Litigatio Refo m Act of 1995. Fo wa d-looki g stateme ts ca be ide tified by wo ds such as “a ticipate,” “believe,” “ca ,” “co ti ue,” “could,” “expect,” “i te d,” “may,” “pla ,” “p oject,” “seek,” “should,” “will,” a d simila exp essio s. These stateme ts i clude, without limitatio , stateme ts ega di g the p oposed Busi ess Combi atio , the expected timi g a d completio of the Busi ess Combi atio , the ope atio of PubCo as Exascale Labs Holdi gs I c., a d the listi g of its secu ities o Nasdaq u de the ticke “XLAB.” They also i clude stateme ts ega di g AI i f ast uctu e tech ologies, the expected dema d fo AI compute i f ast uctu e, Exascale’s ma ket positio i g, a d its busi ess st ategy, pa t e ships, a d g owth.
These stateme ts a e based o cu e t expectatio s a d assumptio s, a d i volve isks a d u ce tai ties that could cause actual esults o eve ts to diffe mate ially, i cludi g, amo g othe s, the ability to complete the Busi ess Combi atio a d satisfy closi g co ditio s, cha ges i custome dema d, supply co st ai ts fo GPUs a d elated i f ast uctu e compo e ts, competitive p essu es, tech ological isks, ope atio al pe fo ma ce, egulato y cha ges, a d mac oeco omic facto s.
If a y of these isks mate ialize o the assumptio s p ove i co ect, actual esults could diffe mate ially f om the esults implied by these fo wa d-looki g stateme ts. The e may be additio al isks that eithe BCAR o Exascale p ese tly k ow o ca a ticipate o that BCAR a d Exascale cu e tly believe a e immate ial that could also cause actual esults to diffe f om those co tai ed i the fo wa d-looki g stateme ts. I additio , fo wa d-looki g stateme ts eflect BCAR’s, Exascale’s a d Pubco’s expectatio s, pla s o fo ecasts of futu e eve ts a d views as of the date of this p ess elease. BCAR, Exascale a d Pubco a ticipate that subseque t eve ts a d developme ts will cause BCAR’s, Exascale’s a d Pubco’s assessme ts to cha ge. Howeve , while BCAR, Exascale a d Pubco may elect to update these fo wa d-looki g stateme ts at some poi t i the futu e, BCAR, Exascale a d Pubco specifically disclaim a y obligatio to do so. Reade s a e efe ed to the most ece t epo ts filed with the SEC by BCAR. Reade s a e cautio ed ot to place u due elia ce upo a y fo wa d-looki g stateme ts.
BCAR, Exascale a d Pubco have filed eleva t mate ials with the SEC, i cludi g a Regist atio Stateme t o Fo m S-4 (File No. 333-297214), which i cludes the P oxy Stateme t of BCAR a d a p ospectus i co ectio with Busi ess Combi atio , efe ed to as a p oxy stateme t/p ospectus. The defi itive P oxy Stateme t a d othe eleva t docume ts have bee mailed to sha eholde s of BCAR as of a eco d date established fo voti g o the p oposed Busi ess Combi atio . SHAREHOLDERS OF BCAR AND OTHER INTERESTED PARTIES ARE URGED TO READ THE REGISTRATION STATEMENT, THE DEFINITIVE PROXY STATEMENT AND ALL OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC IN CONNECTION WITH BCAR’S SOLICITATION OF PROXIES FOR THE EXTRAORDINARY GENERAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE BUSINESS COMBINATION BECAUSE THESE DOCUMENTS CONTAINS OR WILL CONTAIN IMPORTANT INFORMATION ABOUT BCAR, EXASCALE, PUBCO AND THE BUSINESS COMBINATION. Sha eholde s ca obtai copies of the Regist atio Stateme t a d the p oxy stateme t/p ospectus, without cha ge, o the SEC’s website at
Exascale, BCAR a d Pubco a d thei espective di ecto s a d executive office s may be deemed u de SEC ules to be pa ticipa ts i the solicitatio of p oxies f om BCAR’s sha eholde s i co ectio with the Busi ess Combi atio . A list of the ames of such di ecto s a d executive office s, a d i fo matio ega di g thei i te ests i the Busi ess Combi atio a d thei ow e ship of BCAR’s a d/o PubCo’s secu ities a e co tai ed i the Regist atio Stateme t a d the P oxy Stateme t. I fo matio about BCAR’s di ecto s a d executive office s is also available i BCAR’s fili gs with the SEC. You may obtai f ee copies of these docume ts f om the sou ces desc ibed above.
This p ess elease is fo i fo matio al pu poses o ly a d shall ot co stitute a offe to sell o the solicitatio of a offe to buy a y secu ities o the solicitatio of a y vote i a y ju isdictio pu sua t to the Busi ess Combi atio o othe wise, o shall the e be a y sale, issua ce o t a sfe of secu ities i a y ju isdictio whe e such offe , solicitatio , o sale would be u lawful p io to egist atio o qualificatio u de the secu ities laws of that ju isdictio . No offe i g of secu ities shall be made except by mea s of a p ospectus meeti g the equi eme ts of Sectio 10 of the Secu ities Act of 1933, as ame ded.
Nick H esko-StaabKCSA St ategic Commu icatio sExascale@KCSA.com
Ha ah E ge KCSA St ategic Commu icatio sExascale@KCSA.com
