{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-101166","form_type":"8-K","ticker":"MACI","cik":"0002016221","company_name":"Melar Acquisition Corp. I/Cayman","filed_at":"2026-09-18T13:10:51+00:00","discovered_at":"2026-09-18T13:13:05.439595+00:00","generated_at":"2026-09-18T13:13:19.482666+00:00","sec_items":["7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Melar/Everli investor deck: $313M pro forma equity, $243.8M EV; FY25 gross profit only ~7% margin","bullets":["Everli FY2025: GTV $77.9M, net revenues $16.7M, gross profit $1.1M (~7% margin) on 769k orders; 104,543 active customers.","Pro forma equity value $313.0M ($10.00/share on 31.3M shares); enterprise value $243.8M after $69.2M net cash.","$30M PIPE is not yet committed (illustrative $10.00 price); $10M bridge converts to 750k shares at close.","Italy online grocery at only 2.5% penetration (2024), projected €12.1B by 2030; Everli claims 95 retail partners, ~21% take rate.","Everli cites only union agreement in Italian gig delivery (Nidil CGIL 2024); Glovo/Foodinho and Deliveroo Italy under judicial administration since 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-101166","json":"https://secwatch.observer/filing/0001213900-26-101166.json","markdown":"https://secwatch.observer/filing/0001213900-26-101166.md","text":"https://secwatch.observer/filing/0001213900-26-101166.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2016221/000121390026101166/0001213900-26-101166-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2016221/000121390026101166/ea0305899-8k425_melar1.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-09-18T13:13:19.482666+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}