ARC Group Acquisition I Corp (NASDAQ: ARCL / ARCLU / ARCLR / ARCLW) is a newly public special-purpose acquisition company that closed its $120,750,000 initial public offering on May 1, 2026 and filed its first two quarterly statements as a public registrant. The sponsor is MFH 2, LLC; the trust account holds $121,464,805 ($10.06 per public share) at June 30, 2026. Net income for the three months ended June 30, 2026 was $625,846, consisting of $714,805 in trust interest income less $88,959 of formation and operating costs. The combination deadline is twelve months from the May 1, 2026 closing, with one three-month sponsor extension. Following the August 4, 2026 10-Q filing, the units split into separately trading shares, rights and warrants; the ARCL ordinary share closed at $9.96 on August 13, 2026. As a pre-operating SPAC with no commercial revenue, no business combination target, and no quantitative guidance, the only measurable thesis is the size of the trust cushion, the live combination clock, and whether the company can announce a deal before the May 1, 2027 deadline (with the sponsor's three-month extension carrying it to August 1, 2027).