Melar Acquisition Corp. I/Cayman Files S-1
Ticker: MACIU · Form: S-1 · Filed: May 31, 2024 · CIK: 2016221
Sentiment: neutral
Topics: spac, ipo, real-estate, construction
TL;DR
Melar Acquisition Corp. I/Cayman files S-1, signaling IPO plans for real estate/construction sector.
AI Summary
Melar Acquisition Corp. I/Cayman, a blank check company, filed an S-1 registration statement on May 31, 2024. The company, incorporated in the Cayman Islands, is focused on the real estate and construction sector. Its principal executive offices are located at 119 West 23rd Street, Suite 206, New York, NY 10011.
Why It Matters
This S-1 filing indicates Melar Acquisition Corp. I/Cayman is preparing to go public, likely to raise capital for future acquisitions in the real estate and construction industry.
Risk Assessment
Risk Level: medium — As a blank check company (SPAC), its success is highly dependent on identifying and completing a suitable acquisition, which carries inherent risks.
Key Numbers
- 6770 — SIC Code (Primary Standard Industrial Classification Code for Real Estate & Construction)
- 87-1634103 — IRS Number (Employer Identification Number)
Key Players & Entities
- Melar Acquisition Corp. I/Cayman (company) — Registrant
- Cayman Islands (location) — Jurisdiction of incorporation
- May 31, 2024 (date) — Filing date
- Gautam Ivatury (person) — Chief Executive Officer
- 119 West 23rd Street, Suite 206, New York, New York 10011 (location) — Principal executive offices
FAQ
What is the primary business focus of Melar Acquisition Corp. I/Cayman?
Melar Acquisition Corp. I/Cayman is a blank check company with a primary Standard Industrial Classification Code of 6770, indicating a focus on Real Estate & Construction.
When was this S-1 filing submitted to the SEC?
The S-1 filing was submitted to the Securities and Exchange Commission on May 31, 2024.
Where are Melar Acquisition Corp. I/Cayman's principal executive offices located?
The company's principal executive offices are located at 119 West 23rd Street, Suite 206, New York, New York 10011.
Who is the Chief Executive Officer of Melar Acquisition Corp. I/Cayman?
Gautam Ivatury is listed as the Chief Executive Officer of Melar Acquisition Corp. I/Cayman.
In which jurisdiction was Melar Acquisition Corp. I/Cayman incorporated?
Melar Acquisition Corp. I/Cayman was incorporated in the Cayman Islands.
Filing Stats: 4,640 words · 19 min read · ~15 pages · Grade level 17.4 · Accepted 2024-05-31 17:27:37
Key Financial Figures
- $150,000,000 M — ECT TO COMPLETION, DATED MAY 31, 2024 $150,000,000 Melar Acquisition Corp. I 15,000,000 Un
- $10.00 — ies. Each unit has an offering price of $10.00 and consists of one Class A ordinary sh
- $11.50 — ne Class A ordinary share at a price of $11.50 per share, subject to adjustment as des
- $1.00 — hare at $11.50 per share, at a price of $1.00 per warrant, or $5,000,000 in the aggre
- $5,000,000 — re, at a price of $1.00 per warrant, or $5,000,000 in the aggregate, in a private placemen
- $1,500,000 — rrants at a price of $1.00 per warrant ($1,500,000 in the aggregate) in a private placemen
- $100,000 — shall be net of taxes payable and up to $100,000 of interest to pay dissolution expenses
- $0.20 — 9.40 $ 141,000,000 (1) Includes $0.20 per unit (excluding any units sold purs
- $3,000,000 — ption to purchase additional units), or $3,000,000 in the aggregate (whether or not the un
- $0.40 — closing of this offering. Also includes $0.40 per unit on units other than those sold
- $0.60 — option to purchase additional units and $0.60 per unit on units sold pursuant to the
- $6,000,000 — option to purchase additional units, or $6,000,000 in the aggregate, (or up to $7,350,000
- $7,350,000 — $6,000,000 in the aggregate, (or up to $7,350,000 if the overallotment option is exercise
- $150.0 m — warrants described in this prospectus, $150.0 million, or $172.5 million if the underwr
- $172.5 million — in this prospectus, $150.0 million, or $172.5 million if the underwriters' overallotment opti
Filing Documents
- tm2411016-4_s1.htm (S-1) — 2193KB
- tm2411016d5_ex3-2.htm (EX-3.2) — 340KB
- tm2411016d5_ex4-1.htm (EX-4.1) — 22KB
- tm2411016d5_ex4-2.htm (EX-4.2) — 20KB
- tm2411016d5_ex4-4.htm (EX-4.4) — 152KB
- tm2411016d5_ex5-1.htm (EX-5.1) — 11KB
- tm2411016d5_ex10-1.htm (EX-10.1) — 45KB
- tm2411016d5_ex10-2.htm (EX-10.2) — 83KB
- tm2411016d5_ex10-3.htm (EX-10.3) — 128KB
- tm2411016d5_ex10-4.htm (EX-10.4) — 39KB
- tm2411016d5_ex10-5.htm (EX-10.5) — 72KB
- tm2411016d5_ex10-6.htm (EX-10.6) — 108KB
- tm2411016d5_ex10-9.htm (EX-10.9) — 13KB
- tm2411016d5_ex14-1.htm (EX-14.1) — 51KB
- tm2411016d5_ex23-1.htm (EX-23.1) — 2KB
- tm2411016d5_ex99-1.htm (EX-99.1) — 42KB
- tm2411016d5_ex99-2.htm (EX-99.2) — 29KB
- tm2411016d5_ex99-3.htm (EX-99.3) — 3KB
- tm2411016d5_ex99-4.htm (EX-99.4) — 3KB
- tm2411016d5_ex99-5.htm (EX-99.5) — 3KB
- tm2411016d5_ex-filingfees.htm (EX-FILING FEES) — 43KB
- 0001104659-24-067310.txt ( ) — 3402KB
Risk Factors
Risk Factors 44 Cautionary Note Regarding Forward-Looking Statements 94
Use of Proceeds
Use of Proceeds 96 Dividend Policy 100
Dilution
Dilution 101 Capitalization 103
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 104 Proposed Business 111 Effecting our Initial Business Combination 120 Management 142 Principal Shareholders 152 Certain Relationships and Related Party Transactions 157
Description of Securities
Description of Securities 160 Taxation 182
Underwriting
Underwriting 194 Legal Matters 205 Experts 205 Where You Can Find Additional Information 205 Index to Financial Statements F-1 We are responsible for the information contained in this prospectus. We have not, and the underwriters have not, authorized anyone to provide you with information that is different from or inconsistent with that contained in this prospectus. We are not, and the underwriters are not, making an offer to sell securities in any jurisdiction where the offer or sale is not permitted. You should not assume that the information contained in this prospectus is accurate as of any date other than the date on the front of this prospectus. Trademarks This prospectus contains references to trademarks and service marks belonging to other entities. Solely for convenience, trademarks and trade names referred to in this prospectus may appear without the or symbols, but such references are not intended to indicate, in any way, that the applicable licensor will not assert, to the fullest extent under applicable law, its rights to these trademarks and trade names. We do not intend our use or display of other companies' trade names, trademarks or service marks to imply a relationship with, or endorsement or sponsorship of us by, any other companies. i TABLE OF CONTENTS SUMMARY This summary only highlights the more detailed information appearing elsewhere in this prospectus. As this is a summary, it does not contain all of the information that you should consider in making an investment decision. You should read this entire prospectus carefully, including the information under "Risk Factors" and our financial statements and the related notes included elsewhere in this prospectus, before investing. Unless otherwise stated in this prospectus or the context otherwise requires, references to: "CCM" are to Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, the representative of the underwriters in this offeri