Melar Acquisition Corp. I closes IPO of 16M units at $10/unit, raises $160M

Melar Acquisition Corp. I/Cayman

Gross IPO proceeds $160M from 16,000,000 units; each unit has one Class A share and one-half warrant.
Simultaneous private placement of 5,000,000 warrants at $1.00 each to sponsor and underwriters for $5M.
$160M placed in trust account with Continental Stock Transfer & Trust; $10.00 per unit held for redemptions.
Transaction costs of $10.2M include $3M cash and $6.6M deferred underwriting fees.
Audited balance sheet as of June 20, 2024 filed as Exhibit 99.1; cash and trust total $161.7M.

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