{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-102190","form_type":"8-K","ticker":"MACI","cik":"0002016221","company_name":"Melar Acquisition Corp. I/Cayman","filed_at":"2025-10-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.320633+00:00","generated_at":"2026-05-17T02:22:57.429649+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Everli issues $7.5M convertible note to Sponsor affiliate at 17.5% interest, due in 12 months","bullets":["Everli entered $7.5M secured promissory note with $750K OID, 17.5% annual interest, maturity 12 months","Note is convertible into Melar Class A common stock at a set conversion rate after business combination","Existing Everli and Sponsor notes amended to increase principal from $1.25M to $3.25M each","Deadline for Everli to procure $10M bridge financing extended from Sep 30 to Oct 21, 2025","Note creates no direct financial obligation for Melar; secured by Everli assets"],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-102190","json":"https://secwatch.observer/filing/0001104659-25-102190.json","markdown":"https://secwatch.observer/filing/0001104659-25-102190.md","text":"https://secwatch.observer/filing/0001104659-25-102190.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2016221/000110465925102190/0001104659-25-102190-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2016221/000110465925102190/tm2529375d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T02:22:57.429649+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}