ARC Group Acquisition I Corp Announces Closing of $120,750,000 Initial Public Offering

NEW YORK, May 01, 2026 (GLOBE NEWSWIRE) -- ARC Group Acquisition I Corp (NASDAQ: ARCL) (the “Company”) announced today that it closed its initial public offering on May 1, 2026, selling 12,075,000 units at $10.00 each, including 1,575,000 units issued pursuant to the exercise of the underwriters' over-allotment option in full, for total gross proceeds of $120,750,000.