Melar Acquisition Corp. I/Cayman (MACI) Form 8-K — Jun 11, 2026
Melar Acquisition Corp. I (MACI) issued a promissory note to its sponsor, Melar Acquisition Sponsor I LLC, with a maximum principal amount of $1.5 million to fund working capital expenses. As of the filing date, the sponsor had advanced $223,079.12 under the note, which bears interest at 17.5% per annum and is repayable upon the completion of an initial business combination or liquidation. The filing also discloses that the company converted 5,621,621 Class B ordinary shares held by the sponsor into an equal number of Class A ordinary shares.
Key figures
- Interest rate
- 17.5%
- Shares converted
- 5621621
- Max debt capacity
- 1500000
- Class a shares outstanding
- 21621621
- Class b shares outstanding
- 1
Price after filing
Close on the filing date to close N calendar days later (from $10.79). Historical, not a forecast.
AI analysis
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