MergerMay 15, 2026, 04:20 PM
Melar Acquisition seeks extension for Everli merger deadline
AI Summary
Melar Acquisition Corp. I is holding an extraordinary general meeting on June 16, 2026, to vote on extending the deadline for its business combination. The company seeks to extend the current June 20, 2026 deadline monthly, up to December 20, 2026, to complete its proposed merger with Everli Global Inc. Shareholders can redeem their public shares for approximately $10.852 per share from the $173.6 million trust account if the extension is approved. The Board also recommends ratifying WithumSmith+Brown, PC as the independent auditor for 2026.
Key Highlights
- Shareholders to vote on extending business combination deadline from June 20, 2026, to December 20, 2026.
- Extension is sought to complete the proposed merger with Everli Global Inc.
- Trust Account held approximately $173.6 million as of May 14, 2026.
- Public shareholders can redeem shares for approximately $10.852 per share.
- Sponsor to loan up to $0.02 per non-redeemed public share monthly, with a maximum aggregate contribution of $120,000.
- Board recommends ratifying WithumSmith+Brown, PC as independent auditor for 2026.
- Extraordinary general meeting scheduled for June 16, 2026; redemption deadline is June 12, 2026.
Price Impact
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