secwatch.observer — SEC 8-K summary
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Issuer:     Melar Acquisition Corp. I/Cayman (MACI)
CIK:        0002016221
Form:       8-K
Filed at:   2026-05-14T20:10:26+00:00
Accession:  0001213900-26-056615
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2016221/000121390026056615/0001213900-26-056615-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2016221/000121390026056615/ea0290596-8k425_melaracq1.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-056615

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