~ Transaction values Firstborn Top Capital at pro forma enterprise value of approximately $1,091.2 million ~
~ Firstborn Top Capital is a licensed private financing company committed to providing responsible, transparent and accessible financial solutions to individuals and businesses across Malaysia ~
~ Executive Director, Ow Ruey Shen, will continue to lead Firstborn Top Capital ~
~ Transaction provides Firstborn Top Capital the capital to accelerate growth throughout Malaysia, then Southeast Asia ~
~ Business combination expected to close in the first quarter of 2027 ~
~ All Firstborn Top Capital shareholders to sell 100% of their equity to ARC Group Acquisition I Corp ~
Kuala Lumpur, Malaysia, Sept. 10, 2026 (GLOBE NEWSWIRE) -- ARC Group Acquisition I Corp ("ARCL") (NASDAQ:ARCL, ARCLR, ARCLW))), a special purpose acquisition company, today announced that it has entered into a definitive share purchase agreement with Firstborn Top Capital Sdn. Bhd., a Malaysian private limited company ("Firstborn Top Capital" or the "Company"), pursuant to which Firstborn Top Capital will become a wholly-owned subsidiary of ARCL. Upon completion of the transaction, ARCL will be renamed BlueCrest Investment, Inc. and is expected to be listed on the Nasdaq Global Market under the new ticker symbol "BCIN."
Firstborn Top Capital is a licensed private financing company committed to providing responsible, transparent and accessible financial solutions to individuals (vehicle, property, personal expense, share/IPO financing, loan consolidation, etc.) and corporations (working capital, capex, contract financing, M&A, share financing, loan consolidation, etc.). Firstborn Top Capital offers one-working-day approval and a transparent business and revenue model offering fixed monthly interest, with the annualized rate depending on collateral, no hidden fees or upfront costs, and loan terms up to five years. Upon the closing of the transaction, Firstborn Top Capital will continue to be led by its Executive Director, Mr. Ow Ruey Shen, an experienced senior corporate executive in Malaysia. After the transaction closing, BlueCrest Investment, Inc. will continue to be led by Datuk Dr. Doris Wong Sing Ee, Chief Executive Officer and Executive Director.
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