Company: MACIW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001104659-25-111661
Chunk: 1

Company: Melar Acquisition Corp. I/Cayman
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1F
Chunk 1
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Item 1. Financial Statements

MELAR ACQUISITION CORP. I

CONDENSED CONSOLIDATED BALANCE SHEETS

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​​​​​​​​​September 30, ​​​​​2025​December 31, ​    (Unaudited)    2024ASSETS​​​​  ​Current assets ​​​​  Cash​$ 286,258​$ 878,254Due from Everli​​ 3,627,400​​ —Prepaid expenses​​ 130,953​  165,494Total current assets​​ 4,044,611​  1,043,748​​​​​​​Long-term prepaid insurance​​—​  70,852Marketable securities and cash held in Trust Account​​ 169,743,721​  164,407,016TOTAL ASSETS​$ 173,788,332​$ 165,521,616​​​​​​​LIABILITIES AND SHAREHOLDERS’ DEFICIT​​​​   Current liabilities​​​​   Accounts payable and accrued liabilities​$ 500,046​$ 41,252Sponsor Loan​​ 3,561,989​ —Total current liabilities​​ 4,062,035​  41,252Deferred underwriting fee​​ 6,600,000​  6,600,000TOTAL LIABILITIES​​ 10,662,035​  6,641,252​​​​​​​COMMITMENTS AND CONTINGENCIES (Note 6)​​​​   ​​​​​​​Class A ordinary shares subject to possible redemption, 16,000,000 shares at redemption value of $10.61 and $10.28 per share at September 30, 2025 and December 31, 2024, respectively​​ 169,743,721​  164,407,016​​​​​​​SHAREHOLDERS’ DEFICIT​​​​   Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding at September 30, 2025 and December 31, 2024​​—​ —Class A ordinary shares, $0.0001 par value; 500,000,000 shares authorized; none issued or outstanding at September 30, 2025 and December 31, 2024 (excluding 16,000,000 shares subject to possible redemption)​​—​