Welcome to our dedicated page for Melar Acqsn news (Ticker: MACIU), a resource for investors and traders seeking the latest updates and insights on Melar Acqsn stock.
Melar Acquisition Corp. I (NASDAQ: MACIU) is a special purpose acquisition company in the Financial Services sector, described as a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Its news flow reflects both its capital markets activity as a SPAC and its announced plans for a proposed business combination.
News coverage for Melar includes announcements related to its initial public offering on the Nasdaq Global Market, where its units began trading under the symbol MACIU. These items describe the structure of the units, the role of the underwriters, and the placement of IPO proceeds into a trust account. Such updates are relevant for investors tracking SPAC formation, listing milestones, and the capital base available for a future business combination.
A significant portion of recent news has focused on Melar’s definitive Agreement and Plan of Merger with Everli Global Inc., an e-grocery technology and fulfillment platform in Italy. Joint press releases detail the proposed transaction structure, the planned re-domestication of Melar from the Cayman Islands to Nevada, and the intention for the combined company to operate as Everli Global Holdings Inc. and seek listing on Nasdaq under the ticker symbol EVRL. Additional updates describe related financing arrangements, including a loan facility for Everli tied to the business combination agreement.
Readers following MACIU news can use this page to review announcements about Melar’s IPO, trust account funding, and the progress of its proposed business combination with Everli as disclosed in public communications and referenced SEC filings.
Everli Global Inc (NASDAQ:MACI) secured a $10 million loan facility under its Business Combination Agreement with Melar Acquisition Corp I, supporting its planned public debut in Q1 2026. The financing will provide growth capital to fund Everli's expansion across Italy, investments in technology, and stronger retailer partnerships. Management cited rising order volumes, improving unit economics, larger basket sizes, and growing retailer and consumer demand as drivers of momentum. The company said the infusion reflects confidence in its marketplace model and positions it for the next stage of growth.
Everli, Italy's leading e-grocery marketplace, has announced a definitive merger agreement with Melar Acquisition Corp. I (NASDAQ:MACIU) in a business combination valued at $180 million. The combined company will operate as Everli Global Holdings Inc. and plans to list on Nasdaq under the ticker "EVRL".
Everli has established partnerships with 12 of 13 top Italian retailers and achieved significant operational metrics in 2024, including 900,000 completed orders, $81 million in gross transaction volume, a 23% take rate, and 22% gross margins. The company's restructuring in 2024 led to a 20% improvement in net revenue per order and a 50% reduction in net losses.
The transaction is expected to close in Q4 2025 or early 2026, subject to customary conditions and approvals.
Melar Acquisition Corp. I (Nasdaq: MACIU) announced that starting July 17, 2024, holders of units from its initial public offering can choose to trade the Class A ordinary shares and warrants separately. These components of the units will trade under the symbols 'MACI' and 'MACIW' on the Nasdaq Global Market. Units that remain unseparated will continue trading under the symbol 'MACIU'. The company clarified that there will be no fractional warrants issued upon separation, and only whole warrants will be available for trading. The press release emphasized this announcement is not an offer to sell or solicit the purchase of securities in jurisdictions where it would be unlawful.
Melar Acquisition Corp. I announced the closing of its initial public offering (IPO), raising $160 million through the sale of 16 million units at $10 per unit. This includes 1 million units from the partial exercise of the underwriters' over-allotment option. Trading commenced on June 18, 2024, on Nasdaq under the ticker 'MACIU.' Each unit consists of one Class A share and one-half of a redeemable warrant, with the whole warrant exercisable at $11.50 per share. The units will eventually trade separately under 'MACI' for shares and 'MACIW' for warrants. The funds raised are placed in a trust account. The IPO was managed by Cohen & Company Capital Markets and Seaport Global Securities.
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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