Welcome to our dedicated page for Melar Acqsn SEC filings (Ticker: MACIU), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Melar Acquisition Corp. I (NASDAQ: MACIU) is a Cayman Islands–incorporated special purpose acquisition company formed to complete a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Although no specific SEC filings are listed here, the company’s press releases reference several types of regulatory documents that are important for understanding its structure and its proposed transaction with Everli Global Inc.
In connection with its initial public offering on the Nasdaq Global Market, Melar filed a registration statement that was declared effective by the U.S. Securities and Exchange Commission (SEC). The IPO-related disclosures describe the unit structure, the Class A ordinary shares and warrants, and the placement of proceeds into a trust account. For investors analyzing SPACs, these filings typically outline the terms under which public shareholders may redeem their shares and the conditions for completing a business combination.
For the proposed business combination with Everli, Melar’s joint announcement refers to a Current Report on Form 8-K to be filed with the SEC that will include a copy of the Merger Agreement and a summary of its material terms. The companies also state that they intend to file a registration statement on Form S-4, which will contain a proxy statement for Melar shareholders and a prospectus for the combined company’s securities. These documents are expected to describe the transaction structure, governance arrangements, and risk factors associated with the combination.
On Stock Titan’s filings page for MACIU, users can monitor Melar’s SEC reporting history as it becomes available, including any Form 8-K filings related to the proposed Everli transaction, registration statements such as the Form S-4, and other SPAC-related disclosures. AI-powered tools can help summarize lengthy documents like merger agreements and proxy statements, highlight key terms, and make it easier to understand how the SPAC structure and proposed business combination affect shareholders.
Melar Acquisition Corp. I amendment to a Schedule 13G/A discloses that Wolverine Asset Management, LLC, Wolverine Holdings, LLC, Christopher L. Gust and Robert R. Bellick report 0 Class A ordinary shares beneficially owned, representing 0% of the outstanding Class A Ordinary Shares. The filing includes signatures dated 07/02/2026.
Melar Acquisition Corp. I amendment to a Schedule 13G/A discloses that Wolverine Asset Management, LLC, Wolverine Holdings, LLC, Christopher L. Gust and Robert R. Bellick report 0 Class A ordinary shares beneficially owned, representing 0% of the outstanding Class A Ordinary Shares. The filing includes signatures dated 07/02/2026.
Melar Acquisition Corp. I held an extraordinary general meeting where shareholders approved an Extension Amendment that lets the SPAC extend its deadline to complete a Business Combination on a monthly basis up to six times, from June 20, 2026 through December 20, 2026, or an earlier date set by the board.
Shareholders also ratified WithumSmith+Brown, PC as independent auditor for the year ending December 31, 2026. In connection with the extension vote, holders of 12,076,077 Class A Public Shares redeemed at about $10.89 per share, for an aggregate of roughly $131.5 million, leaving 3,923,923 Public Shares outstanding.
Melar Acquisition Corp. I held an extraordinary general meeting where shareholders approved an Extension Amendment that lets the SPAC extend its deadline to complete a Business Combination on a monthly basis up to six times, from June 20, 2026 through December 20, 2026, or an earlier date set by the board.
Shareholders also ratified WithumSmith+Brown, PC as independent auditor for the year ending December 31, 2026. In connection with the extension vote, holders of 12,076,077 Class A Public Shares redeemed at about $10.89 per share, for an aggregate of roughly $131.5 million, leaving 3,923,923 Public Shares outstanding.
Melar Acquisition Corp. I/Cayman insiders reported a large internal share conversion. Melar Acquisition Sponsor I LLC elected to convert 5,621,621 Class B ordinary shares into 5,621,621 Class A ordinary shares on a one-for-one basis for no additional consideration.
After the transaction, the sponsor entity holds 5,621,621 Class A ordinary shares and 1 Class B ordinary share. The Class B shares are described as convertible into Class A shares at the holder’s option and having no expiration date. The CEO and COO are indirect beneficiaries through entities that manage the sponsor and disclaim beneficial ownership beyond their economic interests.
Melar Acquisition Corp. I/Cayman insiders reported a large internal share conversion. Melar Acquisition Sponsor I LLC elected to convert 5,621,621 Class B ordinary shares into 5,621,621 Class A ordinary shares on a one-for-one basis for no additional consideration.
After the transaction, the sponsor entity holds 5,621,621 Class A ordinary shares and 1 Class B ordinary share. The Class B shares are described as convertible into Class A shares at the holder’s option and having no expiration date. The CEO and COO are indirect beneficiaries through entities that manage the sponsor and disclaim beneficial ownership beyond their economic interests.
Melar Acquisition Corp. I is updating shareholders ahead of a June 16, 2026 extraordinary meeting where they will vote on an extension of the time to complete an initial business combination. The company will continue soliciting proxies, with only holders of ordinary shares as of May 11, 2026 eligible to vote.
The key change is an increase in the maximum monthly amount the sponsor contributes to the trust account during any extension, from the lesser of $40,000 or $0.02 per Public Share not redeemed to the lesser of $80,000 or $0.02 per Public Share not redeemed. Examples show contributions of about $0.015 per share if no shares are redeemed over three months, or about $0.06 per share if 12,000,000 Public Shares are redeemed and 4,000,000 remain outstanding.
Melar Acquisition Corp. I is updating shareholders ahead of a June 16, 2026 extraordinary meeting where they will vote on an extension of the time to complete an initial business combination. The company will continue soliciting proxies, with only holders of ordinary shares as of May 11, 2026 eligible to vote.
The key change is an increase in the maximum monthly amount the sponsor contributes to the trust account during any extension, from the lesser of $40,000 or $0.02 per Public Share not redeemed to the lesser of $80,000 or $0.02 per Public Share not redeemed. Examples show contributions of about $0.015 per share if no shares are redeemed over three months, or about $0.06 per share if 12,000,000 Public Shares are redeemed and 4,000,000 remain outstanding.
Melar Acquisition Corp. I entered into a new sponsor financing arrangement and simplified its share structure. The company issued a promissory note to its sponsor for up to $1,500,000 to fund working capital, bearing interest at 17.5% per year and repayable upon either its initial business combination or liquidation. The sponsor had advanced $223,079.12 under this note as of June 11, 2026, and may elect to convert up to $1,500,000 of principal into company warrants at $1.00 per warrant.
On the same date, the sponsor converted 5,621,621 Class B ordinary shares into an equal number of Class A ordinary shares. After this conversion, there were 21,621,621 Class A ordinary shares and 1 Class B ordinary share outstanding, with the new Class A shares carrying the same transfer and voting restrictions that applied to the former Class B shares.
Melar Acquisition Corp. I entered into a new sponsor financing arrangement and simplified its share structure. The company issued a promissory note to its sponsor for up to $1,500,000 to fund working capital, bearing interest at 17.5% per year and repayable upon either its initial business combination or liquidation. The sponsor had advanced $223,079.12 under this note as of June 11, 2026, and may elect to convert up to $1,500,000 of principal into company warrants at $1.00 per warrant.
On the same date, the sponsor converted 5,621,621 Class B ordinary shares into an equal number of Class A ordinary shares. After this conversion, there were 21,621,621 Class A ordinary shares and 1 Class B ordinary share outstanding, with the new Class A shares carrying the same transfer and voting restrictions that applied to the former Class B shares.
Melar Acquisition Corp. I entered into an Intercreditor Agreement on May 27, 2026 with Agile Capital Funding, Agile Lending, YA II PN and related parties to set lender priorities for loans to Everli Global Inc. and affiliates.
The agreement designates Melar and YA II PN as senior creditors, with the Agile parties’ claims and collateral rights expressly subordinated to the senior obligations until those senior debts are repaid in full on the defined Final Payout Date. Before that date, Palella Holdings and Salvatore Palella generally cannot make, and the Agile parties cannot accept, payments on subordinated obligations except for limited permitted payments, and any distributions in an insolvency must instead go to the senior creditors.
The Agile parties also agree to enforcement standstill and turnover provisions, may not challenge the senior obligations’ validity or priority, and cannot amend or transfer subordinated obligations without senior creditor consent. The filing notes this structure is separate from Melar’s previously announced merger agreement with Everli and that Melar and Everli plan to file a Form S‑4 registration statement with a proxy statement/prospectus for shareholders regarding the proposed business combination.
Melar Acquisition Corp. I entered into an Intercreditor Agreement on May 27, 2026 with Agile Capital Funding, Agile Lending, YA II PN and related parties to set lender priorities for loans to Everli Global Inc. and affiliates.
The agreement designates Melar and YA II PN as senior creditors, with the Agile parties’ claims and collateral rights expressly subordinated to the senior obligations until those senior debts are repaid in full on the defined Final Payout Date. Before that date, Palella Holdings and Salvatore Palella generally cannot make, and the Agile parties cannot accept, payments on subordinated obligations except for limited permitted payments, and any distributions in an insolvency must instead go to the senior creditors.
The Agile parties also agree to enforcement standstill and turnover provisions, may not challenge the senior obligations’ validity or priority, and cannot amend or transfer subordinated obligations without senior creditor consent. The filing notes this structure is separate from Melar’s previously announced merger agreement with Everli and that Melar and Everli plan to file a Form S‑4 registration statement with a proxy statement/prospectus for shareholders regarding the proposed business combination.
Melar Acquisition Corp. I is asking shareholders to approve an extension of its deadline to complete the proposed Everli Business Combination from June 20, 2026, with up to six one‑month extensions through December 20, 2026. Public shareholders may redeem Class A shares around $10.852 per share, based on approximately $173.6 million in the trust as of May 14, 2026, regardless of how they vote. If the extension is implemented, the sponsor or its designees may lend up to the lesser of $40,000 or $0.02 per unredeemed Public Share per month, repayable at closing of a business combination. If the extension is not approved and no deal closes within the current period, the SPAC will redeem all Public Shares and liquidate. Shareholders are also being asked to ratify auditor Withum and to allow adjournment of the meeting if more time is needed to solicit votes.
Melar Acquisition Corp. I is asking shareholders to approve an extension of its deadline to complete the proposed Everli Business Combination from June 20, 2026, with up to six one‑month extensions through December 20, 2026. Public shareholders may redeem Class A shares around $10.852 per share, based on approximately $173.6 million in the trust as of May 14, 2026, regardless of how they vote. If the extension is implemented, the sponsor or its designees may lend up to the lesser of $40,000 or $0.02 per unredeemed Public Share per month, repayable at closing of a business combination. If the extension is not approved and no deal closes within the current period, the SPAC will redeem all Public Shares and liquidate. Shareholders are also being asked to ratify auditor Withum and to allow adjournment of the meeting if more time is needed to solicit votes.
MELAR ACQUISITION CORP I-A ownership disclosure: Barclays PLC reports beneficial ownership of 576,328 shares of Common Stock, representing 3.60% of the class as of 03/31/2026. The filing states Barclays PLC holds sole voting and dispositive power over 576,328 shares. The amendment is signed by a director on 05/14/2026.
MELAR ACQUISITION CORP I-A ownership disclosure: Barclays PLC reports beneficial ownership of 576,328 shares of Common Stock, representing 3.60% of the class as of 03/31/2026. The filing states Barclays PLC holds sole voting and dispositive power over 576,328 shares. The amendment is signed by a director on 05/14/2026.
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, 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 filed an 8-K describing an Intercreditor Agreement entered on May 8, 2026 among Melar, Melar Capital Group, YA II PN, Everli Global Inc., Salvatore Palella and Palella Holdings LLC. The agreement governs how Melar and YA share rights on certain Everli promissory notes and related guarantees.
The lenders agree that their promissory note claims will rank pari passu, sharing principal payments and recoveries pro rata, while certain interest, fees and conversion amounts are excluded. Both lenders share a first-priority, perfected security interest over substantially all Everli and subsidiary assets and must receive substantially similar liens.
The agreement also sets coordination rules in insolvency situations and a bailment structure where, after YA funds at least $5,000,000, specified collateral is held by YA as bailee for both lenders. The filing links this structure to the previously announced proposed business combination between Melar and Everli, for which a Form S-4 registration statement and proxy statement/prospectus are expected.
Melar Acquisition Corp. I filed an 8-K describing an Intercreditor Agreement entered on May 8, 2026 among Melar, Melar Capital Group, YA II PN, Everli Global Inc., Salvatore Palella and Palella Holdings LLC. The agreement governs how Melar and YA share rights on certain Everli promissory notes and related guarantees.
The lenders agree that their promissory note claims will rank pari passu, sharing principal payments and recoveries pro rata, while certain interest, fees and conversion amounts are excluded. Both lenders share a first-priority, perfected security interest over substantially all Everli and subsidiary assets and must receive substantially similar liens.
The agreement also sets coordination rules in insolvency situations and a bailment structure where, after YA funds at least $5,000,000, specified collateral is held by YA as bailee for both lenders. The filing links this structure to the previously announced proposed business combination between Melar and Everli, for which a Form S-4 registration statement and proxy statement/prospectus are expected.