Company: MACIW
Filing Date: 2025-08-05
Form Type: 425
Source: 0001104659-25-074244
Chunk: 1

Company: Melar Acquisition Corp. I/Cayman
Filing Date: 2025-08-05
Form: 425
Chunk 1
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| Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share |     | MACIW             |     | The Nasdaq Stock Market LLC    |

Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company x

If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 1.01 Entry Into a Material Definitive Agreement.

Merger Agreement

This section describes certain material provisions of the Merger Agreement (as defined below), but does not purport to describe all of the terms thereof. The following summary is qualified in its entirety by reference to the complete text of the Merger Agreement, a copy of which is attached hereto as Exhibit 2.1. Shareholders of Melar Acquisition Corp. I and other interested parties are urged to read the Merger Agreement in its entirety. Unless otherwise defined herein, the capitalized terms used below have the meanings given to them in the Merger Agreement.

General Terms and Effects; Merger Consideration

On July
30, 2025, Melar Acquisition Corp. I, a Cayman Islands exempted company (together with its successors, including after the Domestication
(as defined below), “Melar”) entered into an Agreement and Plan of Merger (the “Merger Agreement”)
with MAC I Merger Sub Inc., a Nevada corporation and a wholly-owned subsidiary of Melar (“ Merger Sub”), Everli
Global Inc., a Nevada corporation (together with its successors, the “Everli”), Melar Acquisition Sponsor I
LLC, a Delaware limited liability company (the “Sponsor”), in the capacity thereunder as the representative
for the shareholders of the Melar (other than the Escrowed Seller (as defined below) and his successors and assigns) from and after the
closing (the “Closing”) of the transactions contemplated by the Merger Agreement (collectively, the “Business Combination”) (in such capacity, the (the “SPAC Representative”), and