---
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"
generated_at: "2026-05-17T02:22:57.429649+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Everli issues $7.5M convertible note to Sponsor affiliate at 17.5% interest, due in 12 months

## Summary
- 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

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-102190
- JSON: https://secwatch.observer/filing/0001104659-25-102190.json
- Plain text: https://secwatch.observer/filing/0001104659-25-102190.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.