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Melar Acquisition Corp. I announced an update to the terms of an extension regarding its trust account
MACIMelar Acquisition Corp. I/Cayman
Melar Acquisition Corp. I announced an update to the terms of an extension regarding its trust account. The Sponsor, Melar Acquisition Sponsor I LLC, will increase its maximum monthly contribution to the Trust Account from $40,000 to $80,000, while maintaining the variable component of $0.02 for each Public Share not redeemed. This update is part of a solicitation for an extraordinary general meeting scheduled for June 16, 2026, to vote on an extension amendment proposal. The company is a blank check special purpose acquisition company.