Melar Acquisition Corp. I
MACI
NASDAQ Global Market10.85
USD
+0.01
- -
CIK
0002016221
ISIN
KYG6004G1001
Return %
Stock
S&P500
1Y
4.13
26.84
3Y
8.94
77.03
5Y
8.94
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Gautam Ivatury
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 143 West 72nd Street New York City Cayman Islands
- IPO Date
- Jul 17, 2024
- CIK
- 0002016221
- Website
- melaracquisition.com
- Similar Companies
- Business
- Melar Acquisition Corp. I (MACI:US) operates as a blank check company whose sole purpose remains effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, particularly targeting the retail finance, specialty finance, and financial technology sectors; it holds no significant operating activities or products beyond trust account management yielding interest income on marketable securities and cash equivalents. Incorporated in the Cayman Islands in 2024 and headquartered at 143 West 72nd Street, 4th Floor, New York, New York, the company maintains its Nasdaq listing with 16 million redeemable Class A ordinary shares and 5.62 million Class B founder shares outstanding, alongside public and private placement warrants exercisable at $11.50 per underlying share; geographic focus centers on U.S. capital markets with prospective targets lacking defined regional limits pending de-SPAC domestication. In its June 2024 initial public offering, it raised $160 million through 16 million units at $10 each, including a partial underwriter over-allotment, with $6.6 million deferred underwriting fees pending closing of an initial business combination by June 2026; on July 30, 2025, it signed a merger agreement—as amended October 2—with Everli Global Inc. at a $180 million pre-money valuation, entailing Cayman-to-Nevada domestication followed by subsidiary merger, subject to Everli securing financing and regulatory approvals. Recent Everli-related developments include a May 2025 secured promissory note expanded to $3.25 million by September—with 17.5% interest and collateral—supporting transaction costs via $3.6 million receivable balance; extensions of merger financing deadlines to October 21 alongside amended sponsor notes and administrative agreements sustain pursuit amid ongoing Q3 2025 going-concern uncertainties tied to completion risks.
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