Welcome to our dedicated page for Melar Acquisition I news (Ticker: MACIW), a resource for investors and traders seeking the latest updates and insights on Melar Acquisition I stock.
Melar Acquisition Corp. I (MACIW) generates news primarily through its activities as a special purpose acquisition company in the financial services sector. As a SPAC, Melar’s key developments center on capital formation, listing milestones, and the negotiation and announcement of potential business combinations with operating companies, rather than traditional operating results.
One major news theme for Melar is its proposed business combination with Everli Global Inc., described in joint press releases and Melar’s Form 8-K filings. These announcements outline the Agreement and Plan of Merger, under which Melar plans to domesticate from the Cayman Islands to Nevada and merge a Melar subsidiary with and into Everli, with Everli becoming a wholly owned subsidiary of Melar. Coverage of this transaction includes details on the agreed pre-money equity value for Everli, the structure of the merger consideration in Melar common stock, and the intended listing of the combined company under a new ticker symbol on Nasdaq.
Another recurring news category involves Melar’s capital markets activity. The company’s IPO pricing announcement describes the initial listing of its units on Nasdaq, the structure of its units, Class A ordinary shares and MACIW warrants, and the role of its underwriters. Subsequent updates in SEC filings and related communications highlight promissory notes with Everli and Melar’s sponsor, as well as contemplated PIPE investments, bridge financing and equity investments that support the proposed business combination.
Investors and observers following MACIW-related news can expect updates on regulatory filings, shareholder meeting preparations, transaction terms, and any amendments or financing developments tied to the Everli merger. This news stream helps market participants track the progress of Melar’s efforts to complete a business combination and understand how those developments may affect the company’s capital structure and warrants.
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 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.