• Business Combination Facilitation: This blank check company's primary service is identifying, negotiating, and completing a merger, amalgamation, share exchange, asset acquisition, share purchase, or reorganization with one or more target operating businesses.

ARC Securities Acquisition I (symbol: FJDI) is a Special Purpose Acquisition Company (SPAC), also known as a blank check company. As described in the background information, its purpose is to effect a business combination (e.g., merger, acquisition) with one or more existing businesses. At this stage, FJDI has not yet selected a specific business combination target and has not initiated any substantive discussions. Therefore, it does not currently have any operational business that sells products or services to traditional customers (neither companies nor individuals).

Consequently, FJDI does not have any major customers to list.

Ian Hanna, Chief Executive Officer

Ian Hanna has served as Chairman and CEO of ARC Securities Acquisition I since October 2025. He is also the Chief Executive Officer of ARC Group Securities LLC, a FINRA-registered broker-dealer and a wholly owned subsidiary of ARC Group Limited, where he has been a partner since March 2025 and a managing director since November 2021. Mr. Hanna brings over two decades of global leadership experience in capital markets, mergers and acquisitions, engineering, and innovation. Prior to ARC, he served as CEO of Giga Carbon Neutrality, where he led a global team delivering zero-emission transportation solutions and raised institutional capital. He spent 15 years at General Motors, holding leadership roles in the U.S., South Korea, and China, and was instrumental in developing battery electric vehicle technologies, holding 10 patents and four defensive publications. He also served as Chief Operating Officer and Executive Director of ARC Group Acquisition I Corp (ARCL) and ARC Group Acquisition II Corp.

Jake Carney, Chief Financial Officer

Jake Carney is the Chief Financial Officer of ARC Securities Acquisition I. He is a partner, head of macro, and deputy chief investment officer at Castle Hook Partners, a New York-based global macro hedge fund. Mr. Carney heads the firm's Washington, D.C. office. Before joining Castle Hook, he was a strategist at Soros Fund Management, where he specialized in global macroeconomic analysis and investments across asset classes and co-managed a macro-dedicated portfolio. Earlier in his career, he was part of an investment team at Duquesne Family Office, focusing on global macro analysis and emerging markets, and also worked at PointState Capital and Duquesne Capital Management.

Roger Salazar, Jr., Managing Director, Head of Global Capital Markets

Roger Salazar, Jr. is a Managing Director and Head of Global Capital Markets at ARC Group Securities LLC. He is an experienced investment banker with a strong background in capital markets, advising on equity financing alternatives including IPOs, SPACs, follow-ons, block trades, tax-efficient monetizations, convertible debt, and M&A financing. His focus has been on growth equity, particularly in the technology and healthcare sectors. Previously, he was Senior Managing Director and Head of SPACs at SVB Securities. Over his career, he has raised over 125 SPAC IPOs totaling more than $55 billion, completed over 60 de-SPAC mergers exceeding $180 billion in enterprise value, and executed over 100 bookrun equity transactions raising more than $50 billion in proceeds. He also held roles at Citigroup, RBC Capital Markets, and Société Générale.

David Riedel, Chief Operating Officer

David Riedel is the Chief Operating Officer of ARC Group Securities LLC. He is a seasoned financial executive with extensive experience in company analysis, valuation, equity research, and operational leadership across Asia and the United States. He began his career in equity research at Salomon Smith Barney, with assignments in Asia and the U.S. In 2003, Mr. Riedel founded Riedel Research Group, which was the first independent equity research firm focused exclusively on global emerging markets. Since 2005, he has led operations and compliance at ARC Group Securities (previously Riedel Research's broker-dealer entity).

Edward Tsuker, Head of Capital Markets

Edward Tsuker is the Head of Capital Markets at ARC Group Securities LLC. He has over 30 years of experience in capital markets and investment banking, with a focus on equity and equity-linked financing for emerging growth, small-cap, and middle-market companies.

The key risks for ARC Securities Acquisition I (symbol: FJDI) are:

1. Inability to complete an initial business combination: As a blank check company, ARC Securities Acquisition I's sole purpose is to effect a business combination. If the company fails to identify and complete a suitable acquisition within the prescribed timeframe, it will be forced to liquidate, and investors may only receive their initial investment back without any return.
2. Intense competition for acquisition targets: The market for special purpose acquisition companies (SPACs) is highly competitive, with many SPACs seeking to acquire a limited number of attractive private companies. This competition may make it difficult for ARC Securities Acquisition I to identify and successfully acquire a suitable target business on favorable terms, potentially leading to overvaluation or failure to secure a deal.
3. Significant shareholder redemptions: Even if ARC Securities Acquisition I identifies an attractive business combination target, a high percentage of its public shareholders may choose to redeem their shares rather than participate in the business combination. Significant redemptions could substantially reduce the amount of cash available for the business combination and for the operations of the combined company, potentially undermining the transaction's value or feasibility.

The primary emerging threats for ARC Securities Acquisition I (FJDI), as a Special Purpose Acquisition Company (SPAC), relate to the evolving environment for the entire SPAC industry:

• Increased regulatory scrutiny and evolving compliance landscape: Regulatory bodies, particularly in the U.S., have been actively implementing and proposing new rules for SPACs. These changes aim to enhance investor protection by increasing disclosure requirements, aligning SPAC liabilities more closely with traditional IPOs, and potentially restricting certain aspects of the SPAC merger process. Such developments can increase the cost and complexity of executing a business combination, reduce the flexibility and perceived advantages of SPACs for target companies, and extend the timeline to complete an acquisition, thereby threatening FJDI's ability to achieve its purpose.
• Declining investor appetite and market skepticism for SPACs: Following a period of significant growth, the SPAC market has experienced a substantial downturn in investor confidence and demand. This shift is driven by the general underperformance of many companies that merged with SPACs, leading to significant shareholder redemptions, difficulties in securing Private Investment in Public Equity (PIPE) financing, and overall skepticism about the SPAC mechanism. This declining interest directly impacts FJDI's ability to raise necessary capital for its business combination and to attract suitable target companies, potentially hindering its capacity to identify and complete a successful merger within its operational timeframe.

Share Issuance

• ARC Securities Acquisition I issued 10,500,000 units at a price of $10.00 per unit in its initial public offering (IPO), generating $105,000,000 in gross proceeds.
• Each unit issued in the IPO comprises one Class A ordinary share, one redeemable warrant, and one right to receive one-fourth of a Class A ordinary share upon the consummation of an initial business combination.
• The units began trading on the Nasdaq Global Market under the ticker symbol "FJDIU" on August 4, 2026, with separate trading for Class A shares (FJDI), warrants (FJDIW), and rights (FJDIR) commencing around September 24, 2026.

Inbound Investments

• The company raised $105,000,000 in gross proceeds from its initial public offering.
• An additional $1.4 million in gross proceeds was raised through a private sale of 140,000 units to its sponsor.
• A total of $106.4 million from the IPO and private placement proceeds has been placed in a U.S.-based trust account.