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[8-K] Graphjet Technology Reports Material Event

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(Moderate)
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(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Melar Acquisition Corp. I (Nasdaq: MACIU/MACI/MACIW) filed an 8-K stating that on 30-Jul-2025 it executed a definitive Agreement and Plan of Merger with Everli Global Inc. The SPAC will first domesticate from the Cayman Islands to Nevada, then merge its wholly-owned Merger Sub into Everli. Everli will become a wholly owned subsidiary and its equity-holders will receive Melar common stock; certain holders will obtain Melar super-voting shares, mirroring Everli’s dual-class structure.

The agreement assigns Everli a pre-money equity value of $180 million, subject to upward adjustment for financings completed before closing. A joint press release (Ex 99.1) and investor presentation (Ex 99.2) were furnished. A Form S-4 containing the proxy/prospectus will be filed with the SEC; completion remains contingent on SEC effectiveness, shareholder approvals, continued Nasdaq listing and other customary conditions.

No historical financial results or guidance were provided. The filing contains standard forward-looking statement and no-offer disclaimers.

Melar Acquisition Corp. I (Nasdaq: MACIU/MACI/MACIW) ha presentato un modulo 8-K dichiarando che il 30 luglio 2025 ha sottoscritto un Accordo e Piano di Fusione definitivo con Everli Global Inc. Lo SPAC trasferirà prima la sua sede dalle Isole Cayman al Nevada, per poi fondere la sua controllata interamente posseduta Merger Sub in Everli. Everli diventerà una controllata al 100% e i suoi azionisti riceveranno azioni ordinarie Melar; alcuni azionisti otterranno azioni Melar con diritto di voto superiore, riflettendo la struttura a doppia classe di Everli.

L'accordo attribuisce a Everli un valore patrimoniale pre-money di 180 milioni di dollari, soggetto ad un aumento in caso di finanziamenti completati prima della chiusura. È stato fornito un comunicato stampa congiunto (Ex 99.1) e una presentazione per gli investitori (Ex 99.2). Un modulo S-4 contenente la delega/prospetto sarà depositato presso la SEC; il completamento dipenderà dall'efficacia della SEC, dall'approvazione degli azionisti, dal mantenimento della quotazione Nasdaq e da altre condizioni consuete.

Non sono stati forniti risultati finanziari storici né previsioni. Il deposito include le classiche dichiarazioni previsionali e clausole di non-offerta.

Melar Acquisition Corp. I (Nasdaq: MACIU/MACI/MACIW) presentó un formulario 8-K indicando que el 30 de julio de 2025 firmó un Acuerdo y Plan de Fusión definitivo con Everli Global Inc. El SPAC primero trasladará su domicilio de las Islas Caimán a Nevada y luego fusionará su subsidiaria Merger Sub, de propiedad total, con Everli. Everli se convertirá en una subsidiaria de propiedad total y sus accionistas recibirán acciones ordinarias de Melar; ciertos accionistas obtendrán acciones supervotantes de Melar, reflejando la estructura de doble clase de Everli.

El acuerdo asigna a Everli un valor patrimonial pre-money de 180 millones de dólares, sujeto a un ajuste al alza por financiamientos realizados antes del cierre. Se proporcionaron un comunicado de prensa conjunto (Ex 99.1) y una presentación para inversores (Ex 99.2). Se presentará un Formulario S-4 que contiene el poder/prospecto ante la SEC; la finalización está condicionada a la eficacia de la SEC, aprobaciones de accionistas, la continuidad en la cotización de Nasdaq y otras condiciones habituales.

No se proporcionaron resultados financieros históricos ni pronósticos. El documento incluye las habituales declaraciones prospectivas y cláusulas de no oferta.

Melar Acquisition Corp. I (Nasdaq: MACIU/MACI/MACIW)는 2025년 7월 30일 Everli Global Inc.와 최종 합병 계약 및 계획서를 체결했다고 8-K 보고서를 제출했습니다. SPAC는 먼저 케이맨 제도에서 네바다로 법인 소재지를 이전한 후, 완전 소유한 합병 자회사(Merger Sub)를 Everli와 합병할 예정입니다. Everli는 완전 자회사가 되며, 주주들은 Melar 보통주를 받게 되며, 일부 주주는 Everli의 이중 클래스 구조를 반영한 Melar 초우선주를 받게 됩니다.

본 계약은 Everli에 대해 거래 전 기업가치 1억 8천만 달러를 부여하며, 종결 전 완료된 자금 조달에 따라 상향 조정될 수 있습니다. 공동 보도자료(Ex 99.1) 및 투자자 프레젠테이션(Ex 99.2)이 제공되었습니다. 위임장/설명서가 포함된 S-4 양식이 SEC에 제출될 예정이며, 거래 완료는 SEC 승인, 주주 승인, 나스닥 상장 유지 및 기타 일반적인 조건 충족을 전제로 합니다.

과거 재무 실적이나 가이던스는 제공되지 않았으며, 제출 서류에는 표준적인 미래 예측 진술 및 비공개 경고 문구가 포함되어 있습니다.

Melar Acquisition Corp. I (Nasdaq : MACIU/MACI/MACIW) a déposé un formulaire 8-K indiquant que le 30 juillet 2025, elle a conclu un Accord et Plan de Fusion définitif avec Everli Global Inc. Le SPAC transférera d'abord son siège des îles Caïmans vers le Nevada, puis fusionnera sa filiale détenue à 100 %, Merger Sub, dans Everli. Everli deviendra une filiale entièrement détenue et ses actionnaires recevront des actions ordinaires Melar ; certains détenteurs obtiendront des actions Melar à droit de vote renforcé, reflétant la structure à double classe d’Everli.

L’accord attribue à Everli une valorisation pré-money de 180 millions de dollars, susceptible d’être ajustée à la hausse en cas de financements réalisés avant la clôture. Un communiqué de presse conjoint (Ex 99.1) et une présentation aux investisseurs (Ex 99.2) ont été fournis. Un formulaire S-4 contenant la procuration/prospectus sera déposé auprès de la SEC ; la réalisation dépendra de l’approbation de la SEC, des actionnaires, du maintien de la cotation Nasdaq et d’autres conditions habituelles.

Aucun résultat financier historique ni prévisions n’ont été fournis. Le dépôt comprend les habituelles déclarations prospectives et clauses de non-offre.

Melar Acquisition Corp. I (Nasdaq: MACIU/MACI/MACIW) reichte ein 8-K ein und gab bekannt, dass am 30. Juli 2025 ein endgültiger Verschmelzungs- und Fusionsplan mit Everli Global Inc. abgeschlossen wurde. Das SPAC wird zunächst seinen Sitz von den Cayman Islands nach Nevada verlegen und anschließend seine hundertprozentige Tochtergesellschaft Merger Sub in Everli fusionieren. Everli wird eine hundertprozentige Tochtergesellschaft und deren Aktionäre erhalten Melar Stammaktien; bestimmte Aktionäre erhalten Melar Superstimmrechtsaktien, entsprechend der Dual-Class-Struktur von Everli.

Die Vereinbarung bewertet Everli mit einem Pre-Money Eigenkapitalwert von 180 Millionen US-Dollar, der vor Abschluss durch vorab abgeschlossene Finanzierungen nach oben angepasst werden kann. Eine gemeinsame Pressemitteilung (Ex 99.1) und eine Investorenpräsentation (Ex 99.2) wurden bereitgestellt. Ein Formular S-4 mit der Vollmacht/Prospekt wird bei der SEC eingereicht; der Abschluss hängt von der Wirksamkeit der SEC, Aktionärszustimmungen, der weiteren Nasdaq-Notierung und weiteren üblichen Bedingungen ab.

Historische Finanzdaten oder Prognosen wurden nicht bereitgestellt. Die Einreichung enthält die üblichen zukunftsgerichteten Aussagen und Haftungsausschlüsse bezüglich Nicht-Angeboten.

Positive
  • Definitive merger agreement signed with Everli Global Inc., ending Melar’s target search.
  • $180 million pre-money valuation provides a clear benchmark for investors.
  • Planned domestication to Nevada may simplify governance and reduce regulatory friction.
Negative
  • Deal requires multiple approvals (SEC effectiveness, shareholder votes, Nasdaq listing) before closing.
  • No committed PIPE financing disclosed, leaving funding and redemption risk unresolved.
  • Forward-looking statements highlight potential termination and litigation risks.

Insights

TL;DR: $180 m Everli deal gives Melar a clear de-SPAC path; shareholder and regulatory approvals still pending.

The signing of a definitive merger agreement is a major milestone for Melar, which had been seeking a target since its 2022 IPO. The $180 million pre-money valuation provides investors with a firm benchmark and suggests a modest sub-$1 billion post-transaction market cap that may attract small-cap growth investors. Domestication to Nevada should streamline governance versus a Cayman structure and is typical in recent de-SPACs. Although no PIPE financing was disclosed, the deal could still tap capital markets before closing, potentially improving Everli’s balance-sheet flexibility. Overall, announcement materially advances the SPAC’s investment thesis.

TL;DR: Execution risk high—closing hinges on votes, SEC clearance, Nasdaq listing and possible additional financing.

The transaction faces multiple gating items: SEC review of the S-4, Melar and Everli shareholder approvals, and confirmation that the combined company meets Nasdaq listing standards. Lack of a committed PIPE raises uncertainty around post-merger liquidity and potential redemptions. Forward-looking statements flag several risks, including litigation and the ability to raise follow-on capital. Investors should monitor redemption levels and any financing updates before forming a view on deal certainty.

Melar Acquisition Corp. I (Nasdaq: MACIU/MACI/MACIW) ha presentato un modulo 8-K dichiarando che il 30 luglio 2025 ha sottoscritto un Accordo e Piano di Fusione definitivo con Everli Global Inc. Lo SPAC trasferirà prima la sua sede dalle Isole Cayman al Nevada, per poi fondere la sua controllata interamente posseduta Merger Sub in Everli. Everli diventerà una controllata al 100% e i suoi azionisti riceveranno azioni ordinarie Melar; alcuni azionisti otterranno azioni Melar con diritto di voto superiore, riflettendo la struttura a doppia classe di Everli.

L'accordo attribuisce a Everli un valore patrimoniale pre-money di 180 milioni di dollari, soggetto ad un aumento in caso di finanziamenti completati prima della chiusura. È stato fornito un comunicato stampa congiunto (Ex 99.1) e una presentazione per gli investitori (Ex 99.2). Un modulo S-4 contenente la delega/prospetto sarà depositato presso la SEC; il completamento dipenderà dall'efficacia della SEC, dall'approvazione degli azionisti, dal mantenimento della quotazione Nasdaq e da altre condizioni consuete.

Non sono stati forniti risultati finanziari storici né previsioni. Il deposito include le classiche dichiarazioni previsionali e clausole di non-offerta.

Melar Acquisition Corp. I (Nasdaq: MACIU/MACI/MACIW) presentó un formulario 8-K indicando que el 30 de julio de 2025 firmó un Acuerdo y Plan de Fusión definitivo con Everli Global Inc. El SPAC primero trasladará su domicilio de las Islas Caimán a Nevada y luego fusionará su subsidiaria Merger Sub, de propiedad total, con Everli. Everli se convertirá en una subsidiaria de propiedad total y sus accionistas recibirán acciones ordinarias de Melar; ciertos accionistas obtendrán acciones supervotantes de Melar, reflejando la estructura de doble clase de Everli.

El acuerdo asigna a Everli un valor patrimonial pre-money de 180 millones de dólares, sujeto a un ajuste al alza por financiamientos realizados antes del cierre. Se proporcionaron un comunicado de prensa conjunto (Ex 99.1) y una presentación para inversores (Ex 99.2). Se presentará un Formulario S-4 que contiene el poder/prospecto ante la SEC; la finalización está condicionada a la eficacia de la SEC, aprobaciones de accionistas, la continuidad en la cotización de Nasdaq y otras condiciones habituales.

No se proporcionaron resultados financieros históricos ni pronósticos. El documento incluye las habituales declaraciones prospectivas y cláusulas de no oferta.

Melar Acquisition Corp. I (Nasdaq: MACIU/MACI/MACIW)는 2025년 7월 30일 Everli Global Inc.와 최종 합병 계약 및 계획서를 체결했다고 8-K 보고서를 제출했습니다. SPAC는 먼저 케이맨 제도에서 네바다로 법인 소재지를 이전한 후, 완전 소유한 합병 자회사(Merger Sub)를 Everli와 합병할 예정입니다. Everli는 완전 자회사가 되며, 주주들은 Melar 보통주를 받게 되며, 일부 주주는 Everli의 이중 클래스 구조를 반영한 Melar 초우선주를 받게 됩니다.

본 계약은 Everli에 대해 거래 전 기업가치 1억 8천만 달러를 부여하며, 종결 전 완료된 자금 조달에 따라 상향 조정될 수 있습니다. 공동 보도자료(Ex 99.1) 및 투자자 프레젠테이션(Ex 99.2)이 제공되었습니다. 위임장/설명서가 포함된 S-4 양식이 SEC에 제출될 예정이며, 거래 완료는 SEC 승인, 주주 승인, 나스닥 상장 유지 및 기타 일반적인 조건 충족을 전제로 합니다.

과거 재무 실적이나 가이던스는 제공되지 않았으며, 제출 서류에는 표준적인 미래 예측 진술 및 비공개 경고 문구가 포함되어 있습니다.

Melar Acquisition Corp. I (Nasdaq : MACIU/MACI/MACIW) a déposé un formulaire 8-K indiquant que le 30 juillet 2025, elle a conclu un Accord et Plan de Fusion définitif avec Everli Global Inc. Le SPAC transférera d'abord son siège des îles Caïmans vers le Nevada, puis fusionnera sa filiale détenue à 100 %, Merger Sub, dans Everli. Everli deviendra une filiale entièrement détenue et ses actionnaires recevront des actions ordinaires Melar ; certains détenteurs obtiendront des actions Melar à droit de vote renforcé, reflétant la structure à double classe d’Everli.

L’accord attribue à Everli une valorisation pré-money de 180 millions de dollars, susceptible d’être ajustée à la hausse en cas de financements réalisés avant la clôture. Un communiqué de presse conjoint (Ex 99.1) et une présentation aux investisseurs (Ex 99.2) ont été fournis. Un formulaire S-4 contenant la procuration/prospectus sera déposé auprès de la SEC ; la réalisation dépendra de l’approbation de la SEC, des actionnaires, du maintien de la cotation Nasdaq et d’autres conditions habituelles.

Aucun résultat financier historique ni prévisions n’ont été fournis. Le dépôt comprend les habituelles déclarations prospectives et clauses de non-offre.

Melar Acquisition Corp. I (Nasdaq: MACIU/MACI/MACIW) reichte ein 8-K ein und gab bekannt, dass am 30. Juli 2025 ein endgültiger Verschmelzungs- und Fusionsplan mit Everli Global Inc. abgeschlossen wurde. Das SPAC wird zunächst seinen Sitz von den Cayman Islands nach Nevada verlegen und anschließend seine hundertprozentige Tochtergesellschaft Merger Sub in Everli fusionieren. Everli wird eine hundertprozentige Tochtergesellschaft und deren Aktionäre erhalten Melar Stammaktien; bestimmte Aktionäre erhalten Melar Superstimmrechtsaktien, entsprechend der Dual-Class-Struktur von Everli.

Die Vereinbarung bewertet Everli mit einem Pre-Money Eigenkapitalwert von 180 Millionen US-Dollar, der vor Abschluss durch vorab abgeschlossene Finanzierungen nach oben angepasst werden kann. Eine gemeinsame Pressemitteilung (Ex 99.1) und eine Investorenpräsentation (Ex 99.2) wurden bereitgestellt. Ein Formular S-4 mit der Vollmacht/Prospekt wird bei der SEC eingereicht; der Abschluss hängt von der Wirksamkeit der SEC, Aktionärszustimmungen, der weiteren Nasdaq-Notierung und weiteren üblichen Bedingungen ab.

Historische Finanzdaten oder Prognosen wurden nicht bereitgestellt. Die Einreichung enthält die üblichen zukunftsgerichteten Aussagen und Haftungsausschlüsse bezüglich Nicht-Angeboten.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): July 30, 2025

 

Graphjet Technology

(Exact name of registrant as specified in its charter)

 

Cayman Islands   001-41070   N/A
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (I.R.S. Employer
Identification Number)

 

Lot 3895, Lorong 6D, Kampung Baru Subang

Seksyen U6, 40150 Shah Alam

Selangor, Malaysia

(Address of principal executive offices, including zip code)

 

Registrant’s telephone number, including area code: +60 018 272 7799

 

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Class A ordinary shares, par value $0.0001 per share   GTI   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

Item 8.01 Other Events.

 

On July 30, 2025, Graphjet Technology (the “Company”) issued a press release announcing the arrival of the new equipment and machinery purchased by the Company as part of its expansion plans. The Company also received a specialist from the supplier to oversee the installation of the equipment and machinery, which is scheduled to be completed within a week. Following the installation, the equipment and machinery will undergo a comprehensive test run to ensure that it operates efficiently and that it meets the required performance standards.

 

A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit   Description
99.1   Press Release dated July 30, 2025 
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

* Certain exhibits and schedules have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company hereby undertakes to furnish a copy any of the omitted exhibits or schedules upon request by the SEC.

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  GRAPHJET TECHNOLOGY
   
Date: July 31, 2025 By: /s/ Chris Lai
  Name:  Chris Lai
  Title: Chief Executive Officer

 

2

 

FAQ

What transaction did Melar Acquisition Corp. I (MACIW) announce?

Melar signed a definitive merger agreement to combine with Everli Global Inc. at a $180 million pre-money valuation.

Will Melar change its jurisdiction before the merger?

Yes. The SPAC will redomicile from the Cayman Islands to Nevada prior to merging with Everli.

What securities filings should investors watch for next?

A Form S-4 containing the proxy statement/prospectus will be filed with the SEC before the shareholder vote.

Are any financial results or projections included in this 8-K?

No. The current filing provides no historical financials or forecasts for Everli or Melar.

What are the main conditions to closing the Everli merger?

Key conditions include SEC clearance of the S-4, shareholder approvals, Nasdaq listing qualification and customary closing conditions.
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