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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,