Company: MACIW
Filing Date: 2025-07-31
Form Type: 425
Source: 0001104659-25-072523
Chunk: 2

Company: Melar Acquisition Corp. I/Cayman
Filing Date: 2025-07-31
Form: 425
Chunk 2
---
 Everli’s equity holders receiving shares of common stock of Melar and with certain stockholders of Everli receiving super-voting
stock of Melar in exchange for their existing super-voting stock of Everli. The pre-money equity value of Everli in the Business Combination
is $180 million (subject to increase for certain financings consummated by Everli prior to the Closing).

On July 31, 2025, Melar
and Everli issued a press release announcing their execution of the Merger Agreement. A copy of the press release is furnished
hereto as Exhibit 99.1 and is incorporated herein by reference. Furnished
as Exhibit 99.2 hereto and incorporated herein by reference is the
investor presentation that has been used by Melar in connection with the Merger Agreement and the Business Combination.

The information in this Item
7.01 and Exhibits 99.1 and 99.2 attached hereto will not be deemed “filed” for purposes
of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities
of that section, nor be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the “Securities
Act”), or the Exchange Act, except as expressly set forth by specific reference in such filing.

Additional Information and Where to Find It

In
connection with the Business Combination, Everli and Melar intend to file a registration statement on Form S-4 (as amended from time
to time, the “Registration Statement”) with the U.S. Securities and Exchange Commission (the “SEC”), which
will include a proxy statement to Melar shareholders and a prospectus for the registration of Melar’s securities to be issued
in connection with the Business Combination. After the Registration Statement is declared effective by the SEC, the definitive proxy
statement/prospectus and other relevant documents will be mailed to the shareholders of Melar as of a record date to be established
for voting on the Business Combination and will contain important information about the Business Combination and related matters.
Shareholders of Melar and other interested persons are advised to read, when available, these materials (including any amendments or
supplements thereto) and any other relevant documents, because they will contain important information about Melar, Everli and the
Business Combination. Shareholders and other interested persons will also be able to obtain copies of the preliminary proxy
statement