D. Boral Acquisition I (NASDAQ:DBCAU) Raised to “Hold” at Wall Street Zen

D. Boral Acquisition I (NASDAQ:DBCAU) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a research report issued to clients and investors on Sunday.

D. Boral Acquisition I Stock Performance

NASDAQ:DBCAU opened at $9.96 on Friday. D. Boral Acquisition I has a 12 month low of $9.96 and a 12 month high of $10.00.

D. Boral Acquisition I Company Profile

D. Boral Acquisition I (NASDAQ: DBCAU) is a special purpose acquisition company (SPAC), commonly referred to as a blank‑check company, organized to raise capital in a public offering and identify one or more business combinations with operating companies. It is listed on the NASDAQ under the ticker DBCAU and, like other SPACs, was formed to provide a faster, sponsor‑driven route for a private company to become publicly listed through a merger or other business combination.

The company’s principal activities are those typical of a SPAC: sourcing and evaluating potential acquisition targets, conducting financial and legal due diligence, negotiating terms for a business combination, and managing funds raised in its IPO trust account pending completion of a qualifying transaction.