Exascale Labs to Participate at Needham's Virtual AI Infrastructure 1x1 Conference

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Exascale Labs, which is in the process of completing a business combination with D. Boral ARC Acquisition I (Nasdaq: BCAR), announced that CEO Hoansoo Lee will attend Needham's Virtual AI Infrastructure 1x1 Conference on August 12, 2026, holding virtual meetings with institutional investors.

BCAR shareholders approved the Exascale–BCAR business combination on July 29, 2026. BCAR and Exascale expect closing shortly, after remaining conditions are satisfied or waived. The combined company is expected to be named Exascale Labs Holdings, with Class A shares and warrants trading on Nasdaq as XLAB and XLABW.

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SAN FRANCISCO, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Exascale Labs Inc. ("Exascale"), a provider of next-generation AI compute infrastructure in the process of completing a business combination with D. Boral ARC Acquisition I Corp. (Nasdaq: BCAR), today announced that Hoansoo Lee, Chief Executive Officer, will participate in Needham's Virtual AI Infrastructure 1x1 Conference, taking place on August 12, 2026.

Mr. Lee is scheduled to participate in virtual 1x1 meetings with institutional investors throughout the conference. To arrange a meeting, please contact your Needham representative or email exascale@kcsa.com.

BCAR’s shareholders voted to approve the previously announced business combination between Exascale and BCAR (the "Business Combination”) on Wednesday, July 29, 2026.

BCAR and Exascale expect the Business Combination to be completed shortly, subject to the satisfaction or waiver of remaining closing conditions. Upon closing, the combined company (“PubCo”) is expected to operate as Exascale Labs Holdings Inc. and its shares of Class A common stock and warrants are expected to trade on Nasdaq under the ticker symbols “XLAB” And “XLABW,” respectively.

For additional information about Exascale Labs, visit www.exascalelabs.ai.

About Exascale

Exascale is a next-generation AI infrastructure provider operating an asset-light, software-defined GPU compute platform and related AI infrastructure solutions. Exascale’s core business includes GPU-as-a-Service, through which it provides reserved and on-demand access to high-performance GPU compute capacity sourced from third-party data centers globally, as well as GPU cluster management and optimization services for AI data center operators.

In addition, Exascale has developed certain modular data center, high-density cooling, HVDC power and energy storage solutions designed to address deployment bottlenecks in AI infrastructure. Exascale’s platform is purpose-built for large-scale AI workloads, including LLM training, fine-tuning, and high-concurrency inference. For more information about Exascale, please visit: https://www.exascalelabs.ai

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “anticipate,” “believe,” “can,” “continue,” “could,” “expect,” “intend,” “may,” “plan,” “project,” “seek,” “should,” “will,” and similar expressions. These statements include, without limitation, statements regarding the proposed Business Combination, the expected timing and completion of the Business Combination. They also include statements regarding AI infrastructure technologies, the expected demand for AI compute infrastructure, Exascale’s market positioning, and its business strategy, partnerships, and growth.

These statements are based on current expectations and assumptions, and involve risks and uncertainties that could cause actual results or events to differ materially, including, among others, the ability to complete the Business Combination and satisfy closing conditions, changes in customer demand, supply constraints for GPUs and related infrastructure components, competitive pressures, technological risks, operational performance, regulatory changes, and macroeconomic factors.

If any of these risks materialize or the assumptions prove incorrect, actual results could differ materially from the results contained in or implied by these forward-looking statements. There may be additional risks that neither BCAR, Pubco nor Exascale presently know or can anticipate or that BCAR, Pubco and Exascale currently believe are immaterial that could also cause actual results to differ materially from those contained in or implied by the forward-looking statements. In addition, forward-looking statements reflect BCAR's, Exascale's and Pubco's expectations, plans or forecasts of future events and views as of the date of this press release. BCAR, Exascale and Pubco anticipate that subsequent events and developments will cause BCAR's, Exascale's and Pubco's assessments to change. However, while BCAR, Exascale and Pubco may elect to update these forward-looking statements at some point in the future, BCAR, Exascale and Pubco specifically disclaim any obligation to do so. Readers are referred to the most recent reports filed with the SEC by BCAR. Readers are cautioned not to place undue reliance upon any forward-looking statements. 

No Offer or Solicitation

This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities or the solicitation of any vote in any jurisdiction pursuant to the Business Combination or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction where such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Investor Contact

Nick Hresko-Staab
KCSA Strategic Communications
Exascale@KCSA.com

Media Contact

Hannah Erger
KCSA Strategic Communications
Exascale@KCSA.com

FAQ

When will Exascale Labs (XLAB) participate in Needham's Virtual AI Infrastructure 1x1 Conference?

Exascale Labs plans to participate in Needham's Virtual AI Infrastructure 1x1 Conference on August 12, 2026. According to Exascale, CEO Hoansoo Lee will hold virtual one-on-one meetings with institutional investors during the event, arranged through Needham representatives or the company’s dedicated email.

How can investors schedule a 1x1 meeting with Exascale Labs at Needham's 2026 AI Infrastructure Conference?

Investors can request a one-on-one virtual meeting with Exascale Labs through their Needham representative or by emailing exascale@kcsa.com. According to Exascale, CEO Hoansoo Lee will be available for institutional investor meetings throughout the August 12, 2026 conference schedule.

What did BCAR shareholders approve regarding the Exascale Labs business combination in July 2026?

BCAR shareholders voted to approve the previously announced business combination with Exascale on July 29, 2026. According to BCAR and Exascale, they expect to complete the transaction shortly, subject to satisfaction or waiver of the remaining closing conditions for the merger.

What will the new ticker symbols be after the Exascale and BCAR business combination closes?

After closing, the combined company’s Class A common stock is expected to trade on Nasdaq as XLAB and its warrants as XLABW. According to Exascale and BCAR, the post-combination entity is expected to operate as Exascale Labs Holdings, pending completion.

What will the combined Exascale Labs and BCAR company be called after the SPAC merger?

Following completion of the business combination, the combined company is expected to operate as Exascale Labs Holdings. According to Exascale, this entity will list its Class A common stock and warrants on Nasdaq under the ticker symbols XLAB and XLABW, respectively.

Is the Exascale Labs and BCAR business combination already closed as of August 2026?

As of August 6, 2026, the business combination is not yet closed but has shareholder approval. According to BCAR and Exascale, they expect completion shortly, once remaining closing conditions are either satisfied or formally waived by the parties involved.