Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Melar Acquisition Corp. I/Cayman incurred loan of up to $1,500,000 with Melar Acquisition Sponsor I LLC at 17.5% per annum maturing upon the earlier of (i) the date on which the Company consummates its initial business combination and (ii) the date of liquidation of the Company.
- Instrument
- loan
- Principal
- up to $1,500,000
- Counterparty
- Melar Acquisition Sponsor I LLC
- Rate
- 17.5% per annum
- Maturity
- upon the earlier of (i) the date on which the Company consummates its initial business combination and (ii) the date of liquidation of the Company
- Event
- incurrence
Exact text from the filing
On June 11, 2026, Melar Acquisition Corp. I, a Cayman Islands exempted company (the " Company "), issued a promissory note (the " Note ") in the aggregate principal amount of up to $1,500,000 to Melar Acquisition Sponsor I LLC, the Company’s sponsor (the " Sponsor ").
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Melar Acquisition Corp. I/Cayman entered into Note with Melar Acquisition Sponsor I LLC valued at up to $1,500,000 (effective 2026-06-11).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Melar Acquisition Sponsor I LLC
- Value
- up to $1,500,000
- Effective
- 2026-06-11
Exact text from the filing
On June 11, 2026, Melar Acquisition Corp. I, a Cayman Islands exempted company (the “ Company ”), issued a promissory note (the “ Note ”) in the aggregate principal amount of up to $1,500,000 to Melar Acquisition Sponsor I LLC, the Company’s sponsor (the “ Sponsor ”).
View on SEC.gov