---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-056615"
form_type: "8-K"
ticker: "MACI"
cik: "0002016221"
company_name: "Melar Acquisition Corp. I/Cayman"
filed_at: "2026-05-14T20:10:26+00:00"
generated_at: "2026-05-14T20:11:14.859811+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Melar Acquisition, YA Lender agree to pari passu treatment of debt to Everli Global

## Summary
- Intercreditor Agreement dated May 8, 2026 between Melar Lender, YA Lender, Everli Global, and others.
- Melar and YA Lender's indebtedness from Everli ranks equally in payment and security (pari passu).
- Principal payments to be shared pro rata between lenders; certain fees and conversions excluded.
- If YA Lender funds at least $5M, Melar Lender will transfer pledged collateral to YA as bailee for both lenders.
- Agreement coordinates enforcement and bankruptcy rights; relates to pending Melar/Everli business combination.

## SEC filing metadata
- accession: 0001213900-26-056615
- form_type: 8-K
- ticker: MACI
- cik: 0002016221
- company_name: Melar Acquisition Corp. I/Cayman
- filed_at: 2026-05-14T20:10:26+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2016221/000121390026056615/0001213900-26-056615-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2016221/000121390026056615/ea0290596-8k425_melaracq1.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-056615
- JSON: https://secwatch.observer/filing/0001213900-26-056615.json
- Plain text: https://secwatch.observer/filing/0001213900-26-056615.txt

## Key facts
- Material Agreements
  Melar Acquisition Corp. I/Cayman entered into Intercreditor Agreement with YA II PN, Ltd., Everli Global Inc., Salvatore Palella, Palella Holdings LLC (effective 2026-05-08).
  - Action: entry
  - Counterparty: YA II PN, Ltd., Everli Global Inc., Salvatore Palella, Palella Holdings LLC
  - Effective: 2026-05-08
  source text: On May 8, 2026, Melar Acquisition Corp. I, a Cayman Islands exempted company (the “Company”), and Melar Capital Group LLC, a New York limited liability company (“Melar Capital”) (collectively and individually, the “Melar Lender”) entered into an Intercreditor Agreement (the “Intercreditor Agreement”) with YA II PN, Ltd., a Cayman Islands exempt limited company (the “YA Lender”), Everli Global Inc., a Nevada corporation, for itself and on behalf of its subsidiaries (collectively, “Everli”), Salvatore Palella, a resident of the State of Connecticut (“Palella”), and Palella Holdings LLC, a Delaware limited liability company (the “Pledging Stockholder”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/2016221/000121390026056615/0001213900-26-056615-index.htm

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