ARC Group Acquisition I Corp. officer Kiu Cu Seng reported an initial holding of Class B Ordinary Shares. The filing shows direct beneficial ownership of 5,000 Class B Ordinary Shares, establishing this insider’s equity position in the company but not reflecting any recent buy or sell transaction.
ARC Group Acquisition I Corp is conducting an initial public offering of 10,500,000 units at $10.00 per unit, for aggregate gross proceeds of $105,000,000 (up to 1,575,000 additional units from the underwriter over-allotment option). Each unit contains one Class A ordinary share, one redeemable warrant and one right to receive one-quarter of a Class A share upon consummation of an initial business combination. The prospectus discloses redemption rights for public shareholders and founder/sponsor arrangements that create immediate dilution to public shareholders due to founder shares acquired at a nominal price. The sponsor purchased 200,000 private units and holds Class B founder shares that convert one-for-one into Class A shares upon a business combination, subject to anti-dilution adjustments and forfeiture mechanics.