Melar Acquisition Corp. I/Cayman — fact timeline

Melar Acquisition Corp. I/Cayman: Extended the deadline for completing a business combination from June 20, 2026 to up to December 20, 2026, on a monthly basis, by amending the Articles (effective 2026-06-16).

“On June 16, 2026, at the Meeting, the Company’s shareholders approved, among other things, an amendment to the Articles (the “ Extension Amendment ”) to extend the end of the Combination Period on a monthly basis up to six (6) times, from June 20, 2026 through December 20, 2026, or such earlier date as determined by the Company’s board of directors (the “ Board ”).”

Melar Acquisition Corp. I/Cayman shareholders approved Auditor Ratification Proposal to ratify the selection by the Board’s Audit Committee of WithumSmith+Brown, PC to serve as the Company’s independent registered public accounting firm for the year ending December 31, 2026.

“The Auditor Ratification Proposal was approved with the following vote from the holders of the Ordinary Shares: For Against Abstentions Broker Non-Votes 16,788,360 3,458,663 0 0”

Melar Acquisition Corp. I/Cayman shareholders approved Extension Amendment to extend the date by which the Company must consummate a Business Combination on a monthly basis, up to six (6) times, from June 20, 2026 through December 20, 2026, or such earlier date as determined by the Board.

“The Extension Amendment Proposal was approved with the following vote from the holders of the Ordinary Shares: For Against Abstentions Broker Non-Votes 15,687,094 3,284,050 0 1,275,879”

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.

“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 ").”

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).

“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 ”).”

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).

“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”).”

Melar Acquisition Corp. I/Cayman entered into Intercreditor Agreement with YA II PN, Ltd., Everli Global Inc., Salvatore Palella, Palella Holdings LLC (effective 2026-05-08).

“On May 8, 2026, Melar Acquisition Corp. I, a Cayman Islands exempted company (the “Company”), and Melar Capital Group LLC, a New York limited liability company (“Melar Capital”) (collectively and individually, the “Melar Lender”) entered into an Intercreditor Agreement (the “Intercreditor Agreement”) with YA II PN, Ltd., a Cayman Islands exempt limited company (the “YA Lender”), 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 (the “Pledging Stockholder”).”

Melar Acquisition Corp. I/Cayman amended loan of up to $3,611,111 with Sponsor at not specified maturing not specified.

“On March 30, 2026, Melar issued Third Amendment to Amended and Restated Promissory Note (the "Third Amendment to Sponsor Note") to the Sponsor to amend the Sponsor Note to change the principal amount to up to $3,611,111.”

Melar Acquisition Corp. I/Cayman amended loan of up to $3,611,111 with Everli at not specified maturing not specified.

“On March 30, 2026, the parties to the Everli Note entered into Third Amendment to Amended and Restated Secured Promissory Note and Pledge Agreement (the "Third Amendment to Everli Note") to change the principal amount to up to $3,611,111.”

Melar Acquisition Corp. I/Cayman amended Third Amendment to Amended and Restated Promissory Note with Melar Acquisition Sponsor I LLC valued at changed the principal amount to up to $3,611,111 (effective 2026-03-30).

“On March 30, 2026, Melar issued Third Amendment to Amended and Restated Promissory Note (the “Third Amendment to Sponsor Note”) to the Sponsor to amend the Sponsor Note to change the principal amount to up to $3,611,111.”

Melar Acquisition Corp. I/Cayman amended Third Amendment to Amended and Restated Secured Promissory Note and Pledge Agreement with Everli Global Inc. valued at changed the principal amount to up to $3,611,111 (effective 2026-03-30).

“On March 30, 2026, the parties to the Everli Note entered into Third Amendment to Amended and Restated Secured Promissory Note and Pledge Agreement (the “Third Amendment to Everli Note”) to change the principal amount to up to $3,611,111.”

Melar Acquisition Corp. I/Cayman amended Second Amendment to Merger Agreement with the parties to the Merger Agreement (Melar Acquisition Corp. I, MAC I Merger Sub Inc., Everli Global Inc., Melar Acquisition Sponsor I LLC, and Salvatore Palella) (effective 2025-12-08).

“On December 8, 2025, the parties to the Merger Agreement entered into the Second Amendment to Agreement and Plan of Merger (the “Second Amendment to Merger Agreement”), pursuant to which the parties thereto extended the deadline under the Merger Agreement for Everli to deliver the required GAAP audited financial statements to the Company, from November 30, 2025 to January 16, 2026.”

Melar Acquisition Corp. I/Cayman amended loan of up to $3,250,000 with Melar Acquisition Sponsor I LLC.

“On September 29, 2025, Melar issued Second Amendment to Amended and Restated Promissory Note (the "Second Amendment to Sponsor Note") to the Sponsor to amend the Sponsor Note to increase the principal amount to up to $3,250,000.”

Melar Acquisition Corp. I/Cayman amended loan of up to $1,250,000 with Melar Acquisition Sponsor I LLC.

“On September 12, 2025, the Company issued the First Amendment to Amended and Restated Promissory Note (the “First Amendment to Sponsor Note”) to the Sponsor to amend the Sponsor Note to increase the principal amount to up to $1,250,000.”