Company: MACIW
Filing Date: 2025-08-05
Form Type: 8-K
Source: 0001104659-25-074242
Chunk: 1

Company: Melar Acquisition Corp. I/Cayman
Filing Date: 2025-08-05
Form: 8-K
Item: Item 1.01
Chunk 1
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 the Closing will be a number of shares of Melar common
stock with an aggregate value equal to the sum of (i) One Hundred and Eighty Million Dollars ($180,000,000) plus (ii) the gross proceeds
of the Bridge Financing (as defined below), if any, that has converted into Everli common stock, plus (iii) the Everli Equity Investment
(as defined below), if any, (the “ Merger Consideration”, and such shares the “Merger Consideration
Shares”), with each share of Melar common stock valued at $10.00.

The Merger Consideration Shares
will be divided into Melar Class A common stock, with one vote per share, and a new class of Melar Class B common stock, with 30 votes
per share, which Class B common stock supervoting rights will sunset 12 years after the Closing. The Everli shareholders will receive
the Melar Class A common stock and Melar Class B common stock in proportion to the number of shares of Everli Class A common stock and
Everli Class B common stock that such shareholder owned immediately prior to the Closing. All Everli options, warrants, convertible debt
and other convertible securities outstanding (other than any Bridge Financing securities which will convert into Melar Class A common
stock at Closing) and not converted prior to the Closing will be terminated as of the Closing.

At or prior to the Closing,
Melar, the SPAC Representative, the Escrowed Seller and Continental Stock Transfer & Trust Company, as escrow agent (or another mutually
acceptable escrow agent) (the “ Escrow Agent”), shall enter into an Escrow Agreement, effective as of the Closing,
in a form to be mutually agreed, pursuant to which Melar shall issue to the Escrow Agent from the Merger Consideration Shares otherwise
issuable to the Escrowed Seller, 1,500,000 shares of Melar common stock (which will solely consist of Melar Class A common stock, except
to the extent that there are not a sufficient number of shares of Melar Class A common stock that would otherwise be issuable to the Escrowed
Seller, in which case, Melar Class B common stock will be used to make up such shortfall) (together with any equity securities paid as
dividends or distributions with respect to such shares or into which such shares are exchanged or converted, the “ Escrow Shares”)
to be held, along with any other dividends