Company: MACIW
Filing Date: 2025-08-05
Form Type: 8-K
Source: 0001104659-25-074242
Chunk: 4

Company: Melar Acquisition Corp. I/Cayman
Filing Date: 2025-08-05
Form: 8-K
Item: Item 1.01
Chunk 4
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 registration statement on Form S-4 to be filed by Melar and Everli (the “ Registration Statement”)
with the U. S. Securities and Exchange Commission (the “SEC”) under the Securities Act of 1933, as amended (the
“Securities Act”), to register the common stock of SPAC deemed reissued in the Domestication and the shares
of Melar common stock to be issued as Merger Consideration under the Merger Agreement. The Registration Statement also will contain Melar’s
proxy statement to solicit proxies from Melar’s shareholders to approve, among other things, (i) the Merger Agreement and the Business
Combination, including the Merger and the Domestication; (ii) the issuance of any shares in connection with the Transaction Financing
(as defined below) and Domestication, including the adoption and approval of the issuance of more than 20% of the outstanding Melar common
stock; (iii) the effecting of the Domestication, including adoption of the new organizational documents of Melar after the Domestication;
(iv) the adoption and approval of the new amended and restated organizational documents of Melar to be adopted upon the Closing; (v) the
adoption and approval of a new equity incentive plan providing for awards for a number of shares equal to 15% of the aggregate number
of shares of Melar common stock issued and outstanding immediately after the Closing (after giving effect to the Closing redemption by
Melar’s public shareholders); and (vi) the appointment of the post-Closing board of directors.

The parties agreed that the
post-Closing board of directors will consist of five directors, at least a majority of which will qualify as “independent directors”
under the listing rules of Nasdaq. Four directors will be designated by Everli prior to the Closing and one director will be designated
by Melar prior to the Closing.

Melar
agreed to use its reasonable best efforts during the Interim Period to enter into financing agreements with potential investors (whether
structured as a private placement of common equity, convertible preferred equity, convertible debt or other securities convertible into
or that have the right to acquire common equity, as trust account non-redemption or backstop arrangements or otherwise), in each case
on terms mutually agreeable to Everli and Melar, in an aggregate amount of up to $30,000,000 (the “ PIPE Investment”).
Melar also agreed to use its reasonable best efforts to introduce Everli to investors to enter