Arc Group Acquisition I to buy Malaysia lender Firstborn Top Capital in deal valued at $1.09 billion

Arc Group Acquisition I will buy 100% of Malaysia-based Firstborn Top Capital, making it a wholly owned subsidiary.

The combined group is to be renamed BlueCrest Investment, Inc., targeting a Nasdaq Global Market listing under ticker BCIN.

The deal implies a pro forma enterprise value of about $1.09 billion, assuming $5 million in PIPE financing.

The valuation also assumes 0% redemptions from the $120.8 million held in the SPAC trust account.

Closing is targeted for Q1 2027; public investors are expected to hold about 12.4% of shares post-close.