Company: MACIW
Filing Date: 2025-10-24
Form Type: 8-K
Source: 0001104659-25-102190
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Company: Melar Acquisition Corp. I/Cayman
Filing Date: 2025-10-24
Form: 8-K
Item: Item 8.01
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Item 8.01 Other Events.

As
previously disclosed, on July 30, 2025, Melar Acquisition Corp. I, a Cayman Islands exempted company (together with its successors, “ Melar”)
entered into an Agreement and Plan of Merger (the “ Merger Agreement”) with MAC I Merger Sub Inc., a Nevada corporation and
a wholly-owned subsidiary of Melar, Everli Global Inc., a Nevada corporation (together with its successors, the “ Everli”),
Melar Acquisition Sponsor I LLC, a Delaware limited liability company (the “ Sponsor”), in the capacity thereunder as the representative
for the shareholders of the Melar (other than the Escrowed Seller (as defined below) and his successors and assigns) from and after the
closing (the “ Closing”) of the transactions contemplated by the Merger Agreement (collectively, the “ Business Combination”),
and Salvatore Palella (the “ Escrowed Seller”).

On
October 2, 2025, the parties to the Merger Agreement entered into the First Amendment to Agreement and Plan of Merger (the “ First
Amendment to Merger Agreement”), pursuant to which, the deadline for Everli to procure at least $10,000,000 in Bridge Financing
(as defined in the Merger Agreement), the failure of which entitles Everli to terminate the Merger Agreement, has been extended from September
30, 2025 to October 21, 2025.

As
previously disclosed, Melar entered into an Amended and Restated Secured Promissory Note and Pledge Agreement, dated as of August 18,
2025 and amended on September 12, 2025 (the “ Everli Note”), with Everli, and a certain stockholder of Everli (the “ Pledging
Stockholder”) for the aggregate principal amount of up to $1,250,000. On September 29, 2025, the parties to the Everli Note entered
into Second Amendment to Amended and Restated Secured Promissory Note and Pledge Agreement (the “ Second Amendment to Everli Note”)
to increase the principal amount to up to $3,250,000.

As
previously disclosed, Melar issued an Amended and Restated Promissory Note, dated as of August 18, 2025 and amended on September 12, 2025
(the “ Sponsor Note”), in the aggregate