Exascale Labs Holdings Inc.
Provides reserved and on-demand access to GPU computing capacity sourced from third-party data centres, and GPU cluster management for AI data centre operators.
Enterprise software and production AIIT Services ·Nasdaq: XLAB · merged with D. Boral ARC Acquisition I Corp. (BCAR) · closed 27 Aug 2026, listed
Exascale Labs went public through its combination with D. Boral ARC Acquisition I Corp., which closed on 27 August 2026, after holders of 26,865,211 public shares, 95.95% of the total, redeemed at the closing vote. It had approximately $11.8 million of cash at closing, from the trust, and a $1.0 million SAFE funded before closing converted into shares; for the year to 30 June 2026, before the closing, the business reported revenue of $14.8 million and a net loss of $12.2 million.
As announced, illustrative
- Pre-money equity value
- $500M6
- Pro forma equity value
- Not disclosed
- Pro forma enterprise value, as presented 29 Apr 2026
- $632M7
- Assuming
- Assumes (1) no redemptions (0%). (2) Does not include the shares issuable upon exercise of outstanding warrants. (3) Excludes transaction expenses. (4) Includes 12,000,000 founder shares and 200,000 private placement shares issued to the Sponsor and 1,000,000 shares issued to D. Boral Capital at the closing of the IPO.7†
† Read from investor presentation
At closing
- Revenue, FY2026
- $14.8M1
- Trust cash kept at closing
- $11.8M1
- Financing funded at closing
- Not disclosed
- Cash at closing, before expenses
- Not disclosed
- Net cash at closing, after costs
- $11.8M4
- Financing funded before closing (not in cash at closing), SAFE
- $1M1
- Committed, not funded at closing
- Not disclosed
- Equity value at closing, common shares at $10.00
- $643M5
- Warrants
- PubCo Warrants (former BCAR warrants assumed in the Domestication Merger), each whole warrant exercisable for one share of Class A common stock at $11.50 per share5
- Dual-class voting
- Class B common stock, 20 votes per share; Class A has one vote5
Latest filings
This record is for informational purposes only. It is compiled from SEC filings and, for share prices, the named market-data provider, with the assistance of AI. Although checked against its sources, it may contain errors or omissions and has not been audited; where it differs from the original filings, the filings prevail. It does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation of any security. Past performance does not indicate future results.