Company: MACIW
Filing Date: 2025-10-24
Form Type: 425
Source: 0001104659-25-102193
Chunk: 1

Company: Melar Acquisition Corp. I/Cayman
Filing Date: 2025-10-24
Form: 425
Chunk 1
---
| 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 8.01 Other Events.

As
previously disclosed, on July 30, 2025, Melar Acquisition Corp. I, a Cayman Islands exempted company (together with its successors, “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, 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”),
and Salvatore Palella (the “Escrowed Seller”).

On
October 2, 2025, the parties to the Merger Agreement entered into the First Amendment to Agreement and Plan of Merger (the “First
Amendment to Merger Agreement”), pursuant to which, the deadline for Everli to procure at least $10,000,000 in Bridge Financing
(as defined in the Merger Agreement), the failure of which entitles Everli to terminate the Merger Agreement, has been extended from September
30, 2025 to October 21, 2025.

As
previously disclosed, Melar entered into an Amended and Restated Secured Promissory Note and Pledge Agreement, dated as of August