secwatch.observer — SEC 8-K summary
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Issuer:     Melar Acquisition Corp. I/Cayman (MACI)
CIK:        0002016221
Form:       8-K
Filed at:   2025-08-25T23:59:59+00:00
Accession:  0001104659-25-081970
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Melar Acquisition amends notes to provide up to $1M each to Everli and from sponsor for merger costs
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- Amended Everli Note increased borrowing cap from $300k to $1M (incl. 10% OID); initial balance $323,434.30.
- Amended Sponsor Note increased to $1M (incl. 10% OID) from sponsor, unsecured, due upon Everli note repayment.
- Proceeds used solely for transaction expenses under July 30, 2025 Merger Agreement or general corporate purposes with consent.
- Interest rate 17.5% compounded annually; maturity tied to merger close, Merger Agreement termination, or receipt of $5M bridge financing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2016221/000110465925081970/0001104659-25-081970-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2016221/000110465925081970/tm2524169d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-081970

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