Every 10-Q that Melar Acquisition Corp. I (MACI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MACI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MACI filings page.
Melar Acquisition Corp. I reports that as of June 30, 2026 it remains a pre‑revenue SPAC focused on completing its proposed Business Combination with Everli Global Inc. The Everli transaction carries a pre‑money equity value of $180 million, with Everli becoming a wholly owned subsidiary after a Cayman‑to‑Nevada domestication.
Following shareholder approval of an extension to December 20, 2026, holders of 12,076,077 Public Shares redeemed for about $131.5 million, reducing the Trust Account from $171.4 million to $42.9 million and leaving 3,923,923 Public Shares outstanding. The Sponsor’s affiliate Everli contributes up to $78,478 monthly to the Trust to fund extensions.
Melar shows a working capital deficit of $1.77 million, cash of $2,068 outside the Trust, and net income of $1.50 million for the first half of 2026, driven mainly by Trust interest and 17.5% Everli note income. Management discloses substantial doubt about the company’s ability to continue as a going concern if it cannot close a Business Combination by the end of the Combination Period.
Melar Acquisition Corp. I, a SPAC targeting the Everli Business Combination, reported net income of $778,261 for the quarter ended March 31, 2026, driven mainly by $1,513,878 of interest and dividends on Trust Account investments and $156,234 of interest due from Everli.
General and administrative costs rose to $739,221, and interest expense on the Sponsor Loan was $152,631. Cash outside the Trust Account was only $14,205 with a working capital deficit of $1,121,800. The Trust Account held $172,919,855, or about $10.81 per public share.
Management states that ongoing costs, limited liquidity and the need to complete a Business Combination by June 20, 2026 raise substantial doubt about the company’s ability to continue as a going concern. The proposed Everli Business Combination values Everli at a pre-money equity value of $180 million, with additional value tied to specified financings.
Melar Acquisition Corp. I reported Q3 results as a pre‑combination SPAC. Total assets were $173.8 million, including $169.7 million in the Trust Account. Q3 net income was $1.11 million and year‑to‑date net income reached $4.25 million, driven largely by $5.34 million in dividends and interest earned on Trust investments. Cash outside the trust was $286,258, and the company recorded a working capital deficit of $17,424.
The company entered into a merger agreement with Everli Global Inc., valuing Everli at a pre‑money equity value of $180 million. Melar recorded amounts due from Everli of $3.63 million under a secured note and had a Sponsor Loan balance of $3.56 million at a 17.5% rate. Class A shares subject to possible redemption totaled 16,000,000 at $10.61 per share. Management disclosed substantial doubt about the company’s ability to continue as a going concern if no business combination is completed by June 20, 2026. As of November 13, 2025, 16,000,000 Class A and 5,621,622 Class B shares were outstanding.