Company: MACIW
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001410578-25-001325
Chunk: 2

Company: Melar Acquisition Corp. I/Cayman
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1F
Chunk 2
---
Item 1. Financial Statements

MELAR ACQUISITION CORP. I

CONDENSED BALANCE SHEET

MARCH 31, 2025

​

​​​​​​​​​March 31,​​​​​2025​December 31,​​(Unaudited)​2024ASSETS    ​​​  ​Current assets ​​​​  Cash​$ 693,112​$ 878,254Prepaid expenses​​ 223,211​  165,494Total current assets​​ 916,323​  1,043,748​​​​​​​Long-term prepaid insurance​​ 33,120​  70,852Marketable securities and cash held in Trust Account​​ 166,143,750​  164,407,016TOTAL ASSETS​$ 167,093,193​$ 165,521,616​​​​​​​LIABILITIES AND SHAREHOLDERS’ DEFICIT​​​​   Current liabilities​​​​   Accounts payable and accrued liabilities​$ 32,836​$ 41,252Total current liabilities​​ 32,836​  41,252Deferred underwriting fee​​ 6,600,000​  6,600,000TOTAL LIABILITIES​​ 6,632,836​  6,641,252​​​​​​​COMMITMENTS AND CONTINGENCIES (Note 6)​​​​   ​​​​​​​Class A Ordinary Shares subject to possible redemption, 16,000,000 shares at redemption value of $10.38 and $10.28 per share at March 31, 2025 and December 31, 2024, respectively​​ 166,143,750​  164,407,016​​​​​​​SHAREHOLDERS’ DEFICIT​​​​   Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding at March 31, 2025 and December 31, 2024​​ —​  —Class A ordinary shares, $0.0001 par value; 500,000,000 shares authorized; none issued or outstanding at March 31, 2025 and December 31, 2024 (excluding 16,000,000 shares subject to possible redemption)​​ —​  —Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized