Welcome to our dedicated page for Melar Acquisition I news (Ticker: MACI), a resource for investors and traders seeking the latest updates and insights on Melar Acquisition I stock.
Melar Acquisition Corp. I (MACI) is a Special Purpose Acquisition Company (SPAC) focused on identifying merger opportunities across diverse industries. This page serves as the definitive source for tracking all official news and regulatory developments related to MACI's progress toward a business combination.
Investors and analysts will find timely updates on merger targets, leadership announcements, and regulatory filings, along with essential context about the SPAC process. The curated collection includes press releases about capital structure changes, potential acquisition candidates, and updates from the management team overseeing the search process.
All materials are maintained to financial reporting standards, providing a transparent view of MACI's progress in securing a qualifying merger. Users can expect updates on trust account status, shareholder meeting outcomes, and material events affecting the SPAC's timeline.
Bookmark this page for streamlined access to verified information about MACI's activities. Check regularly for new developments as the company works toward completing its strategic business combination.
Melar Acquisition Corp. I announced the pricing of its initial public offering (IPO) of 15,000,000 units at $10.00 per unit, raising $150 million.
The units will be listed on Nasdaq under the symbol 'MACIU' starting June 18, 2024. Each unit consists of one Class A ordinary share and one-half of a warrant, with each whole warrant exercisable at $11.50 per share.
Upon separate trading, shares and warrants will trade under 'MACI' and 'MACIW', respectively. The IPO is expected to close on June 20, 2024, subject to customary conditions.
The offering is led by Cohen & Company Capital Markets and Seaport Global Securities. The Company has granted underwriters a 45-day option to purchase up to 2,250,000 additional units to cover over-allotments.
The leadership team includes CEO Gautam Ivatury, CFO Edward Lifshitz, and COO Eric Lifshitz.
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