---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-064166"
form_type: "8-K"
ticker: "MACI"
cik: "0002016221"
company_name: "Melar Acquisition Corp. I/Cayman"
filed_at: "2026-06-02T20:10:22+00:00"
generated_at: "2026-06-02T20:11:12.741973+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Melar enters subordination agreement for Everli merger debt; Agile subordinated to Melar and YA lenders

## Summary
- Intercreditor Agreement dates May 27, 2026; Agile Parties subordinate all $3.13M debt to Melar and YA senior lenders.
- Melar Acquisition Corp. I and Melar Capital Group LLC act as senior creditors alongside YA II PN, Ltd.
- Agile prohibited from accepting payments from Palella Holdings/Palella until senior obligations paid in full (Final Payout Date).
- Agile also consents to Melar and YA loans and acknowledges no default under existing Agile loan agreements.
- Agreement governs priority and enforcement rights among parties in context of pending Everli business combination.

## SEC filing metadata
- accession: 0001213900-26-064166
- form_type: 8-K
- ticker: MACI
- cik: 0002016221
- company_name: Melar Acquisition Corp. I/Cayman
- filed_at: 2026-06-02T20:10:22+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2016221/000121390026064166/0001213900-26-064166-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2016221/000121390026064166/ea0293094-8k425_melar1.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-064166
- JSON: https://secwatch.observer/filing/0001213900-26-064166.json
- Plain text: https://secwatch.observer/filing/0001213900-26-064166.txt

## Source-grounded claims
- claim_id: 9ef16ecbf66031bab1b45c5f1ad7a013502de26a
  claim: Melar Acquisition Corp. I/Cayman entered into Agile Intercreditor Agreement with Agile Capital Funding, LLC, Agile Lending, LLC, YA II PN, Ltd. valued at Subordination agreement governing rights, priorities and obligations with respect to indebtedness of (effective 2026-05-27).
  evidence_excerpt: On May 27, 2026, Melar Acquisition Corp. I, a Cayman Islands exempted company (“Melar”), and Melar Capital Group LLC, a New York limited liability company (“MCG”) (collectively and individually, the “Melar Lender”) entered into an Intercreditor Agreement (the “Agile Intercreditor Agreement”) with Agile Capital Funding, LLC, a New York limited liability company, in its capacity as collateral agent (“Agile Collateral Agent”), and Agile Lending, LLC, a Virginia limited liability company (“Agile Lender”; and Agile Collateral Agent and Agile Lender herein collectively, “Agile Parties”) and YA II PN, Ltd., a Cayman Islands exempt limited company (the “YA Lender”), and which was acknowledged by 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 (“Palella Holdings”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/2016221/000121390026064166/0001213900-26-064166-index.htm

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