Research analysts covering Melar Acquisition Corp. I/Cayman.
Recent press releases and 8-K filings for MACI.
Melar Acquisition Corp. I and Everli Global Inc. Announce Confidential S-4 Submission for Business Combination
MACI
M&A
- Melar Acquisition Corp. I (MACI) and Everli Global Inc. announced the confidential submission of a draft registration statement on Form S-4 to the SEC on January 23, 2026.
- This submission relates to their previously announced proposed business combination, which was initially disclosed on July 31, 2025.
- The transaction is expected to result in Everli Global Inc., a major e-grocery platform in Italy, becoming a publicly traded company, subject to Melar's shareholder approval and other closing conditions.
Jan 29, 2026, 9:10 PM
Melar Acquisition Corp. I and Everli Global Inc. Confidentially Submit Form S-4 for Proposed Business Combination
MACI
M&A
- Melar Acquisition Corp. I (MACI) and Everli Global Inc. have confidentially submitted a draft registration statement on Form S-4 to the SEC in connection with their proposed business combination.
- The proposed transaction, announced on July 31, 2025, is expected to result in Everli, a major e-grocery platform in Italy, becoming a publicly traded company.
- The completion of the transaction is subject to Melar's shareholder approval and other closing conditions, with no assurance regarding its consummation or timing.
Jan 23, 2026, 11:00 AM
Melar Acquisition Corp. I Announces Financing Updates and Merger Agreement Deadline Extension
MACI
M&A
Debt Issuance
Convertible Preferred Issuance
- Melar Acquisition Corp. I (Melar) announced an extension for Everli Global Inc. (Everli) to procure $10,000,000 in Bridge Financing until October 21, 2025.
- On September 29, 2025, the principal amounts of both the Everli Note and the Sponsor Note were increased to $3,250,000 each.
- On October 21, 2025, Everli entered into an Everli Convertible Note with Melar Capital Group LLC for $7,500,000, including a $750,000 original issue discount, bearing 17.5% interest per annum, and convertible into Melar Class A Common Stock after the Business Combination.
Oct 24, 2025, 9:01 PM
Melar Acquisition Corp. I Amends Merger Agreement and Increases Promissory Notes
MACI
M&A
Debt Issuance
- Melar Acquisition Corp. I (MACI) and Everli Global Inc. extended the deadline for Everli to secure $10,000,000 in Bridge Financing from September 30, 2025, to October 21, 2025, via a First Amendment to their Merger Agreement dated October 2, 2025.
- On September 29, 2025, the principal amount of the Everli Note (Amended and Restated Secured Promissory Note and Pledge Agreement) was increased from up to $1,250,000 to up to $3,250,000.
- Also on September 29, 2025, the principal amount of the Sponsor Note (Amended and Restated Promissory Note) was increased from up to $1,250,000 to up to $3,250,000.
Oct 3, 2025, 8:10 PM
Melar Acquisition Corp. I Amends Promissory Notes with Everli and Sponsor
MACI
Debt Issuance
M&A
New Projects/Investments
- Melar Acquisition Corp. I (MACI) entered into an Amended and Restated Secured Promissory Note and Pledge Agreement (Amended Everli Note) with Everli Global Inc. on August 18, 2025, increasing the maximum principal amount Everli can borrow from $300,000 to $1,000,000. The note bears an annual interest rate of 17.5% and includes a 10% original issue discount, with an initial balance of $323,434.30 rolled over from the original note.
- Concurrently, MACI issued an Amended and Restated Promissory Note (Amended Sponsor Note) to its sponsor on August 18, 2025, also increasing the maximum principal amount MACI can borrow from $300,000 to $1,000,000. This note also has a 17.5% annual interest rate and a 10% original issue discount, with an initial balance of $323,434.30.
- The proceeds from the Amended Sponsor Note are designated solely for lending funds to Everli under the Amended Everli Note.
- MACI's repayment obligations on the Amended Sponsor Note are contingent on the repayment of the Amended Everli Note, with the Everli Note proceeds being the sole source for repayment.
- Both amended notes are intended to cover transaction expenses related to a potential merger agreement between MACI and Everli.
Aug 25, 2025, 12:00 AM
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