secwatch.observer — SEC 8-K summary
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Issuer:     Melar Acquisition Corp. I/Cayman (MACI)
CIK:        0002016221
Form:       8-K
Filed at:   2026-06-11T20:10:27+00:00
Accession:  0001213900-26-067825
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Melar Acquisition Corp. I issues $1.5M note to sponsor, converts 5.6M Class B shares
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- Issued promissory note to sponsor for up to $1,500,000; $223,079.12 already advanced.
- Note bears interest at 17.5% per annum; repayable upon business combination or liquidation.
- Sponsor may convert up to $1.5M unpaid principal into warrants at $1.00 per warrant.
- Sponsor converted 5,621,621 Class B shares into Class A shares; only 1 Class B share remains.
- After conversion, 21,621,621 Class A shares outstanding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2016221/000121390026067825/0001213900-26-067825-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2016221/000121390026067825/ea0294298-8k_melar1.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-067825

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer