Firstborn Top Capital to Go Public via SPAC Merger

Kuala Lumpur, Malaysia - Firstborn Top Capital Sdn. Bhd., a licensed private financing company in Malaysia, has entered into a definitive share purchase agreement to become a wholly-owned subsidiary of ARC Group Acquisition I Corp (Nasdaq: ARCL, ARCLR, ARCLW). 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 ticker symbol BCIN.

The transaction values Firstborn Top Capital at a pro forma enterprise value of approximately $1,091.2 million. The combined company will be led by CEO and Executive Director Datuk Dr. Doris Wong Sing Ee, while Mr. Ow Ruey Shen will continue to lead Firstborn Top Capital as Executive Director. The transaction is expected to close in the first quarter of 2027, subject to shareholder approval and customary closing conditions.

Transaction Details

• Enterprise Value: Approximately $1,091.2 million pro forma enterprise value.
• Leadership: Datuk Dr. Doris Wong Sing Ee as CEO and Executive Director of BlueCrest Investment, Inc., and Mr. Ow Ruey Shen as Executive Director of Firstborn Top Capital.
• Expected Closing: First quarter of 2027.
• Listing: Nasdaq Global Market under the ticker symbol BCIN.