secwatch.observer — SEC 8-K summary
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Issuer:     Melar Acquisition Corp. I/Cayman (MACI)
CIK:        0002016221
Form:       8-K
Filed at:   2024-06-20T23:59:59+00:00
Accession:  0001104659-24-073420
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Melar Acquisition Corp. I completes $160M IPO; $160M placed in trust
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- Closed IPO of 16M units at $10/unit, including partial over-allotment exercise; gross proceeds $160M.
- Simultaneously sold 5M private placement warrants at $1 each to sponsor and underwriters, raising $5M.
- Total of $160M ($10 per unit) deposited into trust account; can be used for initial business combination or redemption.
- Underwriters retain option to purchase up to 1.25M additional units for 45 days.
- Company led by CEO Gautam Ivatury, CFO Edward Lifshitz, COO Eric Lifshitz.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2016221/000110465924073420/0001104659-24-073420-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2016221/000110465924073420/tm2417539d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-073420

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer