• Exascale to begin trading tomorrow, August 28, 2026, on Nasdaq under the symbol "XLAB"
  • Next-generation AI infrastructure provider with scalable platform and approximately $300 million qualified customer pipeline to accelerate commercial deployment

SAN FRANCISCO, Aug. 27, 2026 (GLOBE NEWSWIRE) -- Exascale Labs Inc., a provider of next-generation AI compute infrastructure, today announced the closing of its previously announced business combination with D. Boral ARC Acquisition I Corp. (NASDAQ:BCAR), a special purpose acquisition company ("BCAR"), following shareholder approval at the Extraordinary General Meeting of Shareholders of BCAR held on Wednesday, July 29, 2026.

The combined company has changed its name to Exascale Labs Holdings Inc. and its Class A common stock and warrants will begin trading on Nasdaq under the new symbols "XLAB" and "XLABW," respectively, on August 28, 2026. Each existing BCAR unit will separate into its components consisting of one share of Class A common stock under the new symbol "XLAB" and one-half of one warrant under the new symbol "XLABW" and, as a result, the BCAR units will no longer trade as a separate security.

Exascale provides dedicated, scalable GPU compute and AI-ready data center solutions to a diversified customer base spanning enterprise AI developers, academic institutions, and AI-native platforms. AI infrastructure demand is increasingly constrained by the availability of deployable compute, power, cooling, and data center capacity. Exascale’s asset-light platform is designed to address these constraints by providing access to high-performance GPU capacity, GPU cluster management, and related infrastructure solutions for large-scale AI workloads, including training, fine-tuning, and inference.