Company: MACIW
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001410578-25-001325
Chunk: 14

Company: Melar Acquisition Corp. I/Cayman
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 14
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 $6,600,000 of deferred underwriting fee (see Note 6), and $584,856 of other offering costs.The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the Private Placement Warrants, although substantially all of the net proceeds are intended to be generally applied toward consummating a Business Combination (less deferred underwriting commissions).The Company’s Business Combination must be with one or more target businesses that together have a fair market value equal to at least 80% of the net balance in the Trust Account (as defined below) (excluding the amount of deferred underwriting discounts held and taxes payable on the income earned on the Trust Account) at the time of the signing of an agreement to enter into a Business Combination. However, the Company will only complete a Business Combination if the post-Business Combination company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”). There is no assurance that the Company will be able to successfully effect a Business Combination.​