Recent Updates — MACIW
Shareholders of Melar Acquisition Corp. I approved the proposed business combination with Everli Global Inc., along with related domestication, charter, and director election proposals at an extraordinary general meeting on October 22, 2026. Approximately 3.85 million Class A ordinary shares were redeemed for a pro rata portion of the trust account, leaving roughly $0.8 million in funds. The combined company is expected to operate as Everli Global Holdings Inc., with shares trading under the ticker EVRL on Nasdaq following completion. Melar Acquisition Corp. I is a special purpose acquisition company incorporated in the Cayman Islands.
Everli Global Inc. issued a press release outlining its business model as part of the ongoing proposed business combination with Melar Acquisition Corp. I. Everli operates an asset-light marketplace in Italy, partnering with over 95 retailers including the country's 13 largest grocers to provide online shopping across more than 1,150 stores and 60 provinces without owning warehouses or fleets. The combined entity is expected to trade on Nasdaq under the ticker EVRL following closing. Melar Acquisition Corp. I operates as a special purpose acquisition company.
The SEC declared the Form S-4 registration statement effective for the proposed business combination between Melar Acquisition Corp. I and Everli Global Inc., marking a key regulatory milestone toward Everli becoming a Nasdaq-listed company. The combined entity is expected to be named Everli Global Holdings Inc. and trade under the ticker "EVRL." Melar will hold an extraordinary general meeting on October 22, 2026, for shareholders to vote on the merger and related proposals. If approved, the transaction is expected to close shortly thereafter, with Melar domesticating from the Cayman Islands to Nevada. Everli operates an asset-light e-grocery marketplace in Italy.
Melar Acquisition Corp. I filed a Form 8-K under Item 7.01 to furnish an investor presentation related to its proposed business combination with Everli Global Inc. The transaction involves Melar domesticating from the Cayman Islands to Nevada and merging with Everli, which will continue as a wholly owned subsidiary. The filing discloses pro forma financials assuming no redemptions, including a $30 million PIPE investment at $10.00 per share and a $10 million bridge financing. Key figures include a 2025 Gross Transaction Value (GTV) of approximately $78 million, net revenues of $16.7 million, and a gross profit of $1.1 million. Everli operates an asset-light online grocery marketplace in Italy.
On June 16, 2026, shareholders approved an amendment to extend the deadline for the company to complete a business combination from June 20, 2026, to December 20, 2026. In connection with this vote, holders of 12,076,077 Class A Ordinary Shares redeemed them for approximately $10.89 per share, totaling approximately $131.5 million. Following these redemptions, 3,923,923 Public Shares remain outstanding. Shareholders also ratified the selection of WithumSmith+Brown, PC as the independent registered public accounting firm for the year ending December 31, 2026. The company is a special purpose acquisition company (SPAC) formed to effect a business combination.
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.