Company: MACIW
Filing Date: 2025-09-18
Form Type: 425
Source: 0001104659-25-091301
Chunk: 1

Company: Melar Acquisition Corp. I/Cayman
Filing Date: 2025-09-18
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.

Everli Note

As previously disclosed, on
August 18, 2025, Melar Acquisition Corp. I, a Cayman Islands exempted company (the “Company”), entered into an Amended and
Restated Secured Promissory Note and Pledge Agreement (the “Everli Note”) with Everli Global Inc., a Nevada corporation (“Everli”),
and a certain stockholder of Everli (the “Pledging Stockholder,” together with the Company and Everli, the “Parties)
for the aggregate principal amount of up to $1,000,000. On September 12, 2025, the Parties entered into First Amendment to Amended and
Restated Secured Promissory Note and Pledge Agreement (the “First Amendment to Everli Note”) to increase the principal amount
to up to $1,250,000.

A copy of the First Amendment
to Everli Note is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference, and the foregoing
description of the First Amendment to Everli Note is qualified in its entirety by reference thereto.

Sponsor Note

As previously disclosed, on
August 18, 2025, the Company issued an Amended and Restated Promissory Note (the “Sponsor Note”) in the aggregate principal
amount of up to $1,000,000 to Melar Acquisition Sponsor I LLC, the Company’s sponsor (the “Sponsor”). On September 12,
2025, the Company issued the First Amendment to Amended and Restated