Melar Acquisition Corp. I/Cayman 10-Q: Warrant Fair Value Inputs

Ticker: MACIU · Form: 10-Q · Filed: Aug 14, 2024 · CIK: 2016221

Sentiment: neutral

Topics: 10-Q, spac, warrants, valuation

TL;DR

Melar Acquisition Corp. I/Cayman 10-Q shows warrant valuation inputs as of 06/20/24.

AI Summary

Melar Acquisition Corp. I/Cayman filed its 10-Q for the period ending June 30, 2024. The company, incorporated in E9 with a fiscal year end of December 31, reported financial data related to its public warrants. Key inputs for fair value measurements, such as risk-free interest rate, option volatility, expected term, expected dividend payment, and exercise price, were noted as of June 20, 2024.

Why It Matters

This filing provides insight into the valuation of Melar Acquisition Corp. I/Cayman's public warrants, which can impact investor understanding of the company's financial structure and potential future dilution.

Risk Assessment

Risk Level: low — The filing is a routine quarterly report and does not indicate significant new risks or material adverse events.

Key Numbers

Key Players & Entities

FAQ

What is the specific fair value of the public warrants as of June 30, 2024?

The provided excerpt does not explicitly state the fair value of the public warrants, but it details the inputs used for their valuation as of June 20, 2024.

What are the key assumptions used in valuing Melar Acquisition Corp. I/Cayman's public warrants?

Key assumptions include the risk-free interest rate, option volatility, expected term, expected dividend payment, and exercise price, as of June 20, 2024.

What is the purpose of reporting 'MeasurementInputRiskFreeInterestRateMember' and similar items?

These are inputs used in Level 3 fair value measurements for recurring fair value measurements of the company's public warrants.

When is Melar Acquisition Corp. I/Cayman's fiscal year end?

The company's fiscal year ends on December 31.

What is the SIC code for Melar Acquisition Corp. I/Cayman?

The Standard Industrial Classification (SIC) code is 6770, which corresponds to 'BLANK CHECKS'.

Filing Stats: 4,605 words · 18 min read · ~15 pages · Grade level 18.7 · Accepted 2024-08-14 16:45:51

Key Financial Figures

Filing Documents

Financial Information

Part I. Financial Information

Financial Statements

Item 1. Financial Statements Condensed Balance Sheet as of June 30, 2024 (Unaudited) 1 Condensed Statements of Operations for the Three Months Ended June 30, 2024 and for the Period from March 11, 2024 (Inception) through June 30, 2024 (Unaudited) 2 Condensed Statements of Changes in Shareholders' Deficit for the Three Months Ended June 30, 2024 and for the Period from March 11, 2024 (Inception) through June 30, 2024 (Unaudited) 3 Condensed Statement of Cash Flows for the Period from March 11, 2024 (Inception) through June 30, 2024 (Unaudited) 4 Notes to Condensed Financial Statements (Unaudited) 5

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 18

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 21

Controls and Procedures

Item 4. Controls and Procedures 21

Other Information

Part II. Other Information

Legal Proceedings

Item 1. Legal Proceedings 22

Risk Factors

Item 1A. Risk Factors 22

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 22

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 22

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 22

Other Information

Item 5. Other Information 22

Exhibits

Item 6. Exhibits 23

Signatures

Signatures 24 Table of Contents

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. MELAR ACQUISITION CORP. I CONDENSED BALANCE SHEET JUNE 30, 2024 (UNAUDITED) ASSETS Current assets Cash $ 1,037,126 Prepaid expenses 23,732 Prepaid insurance 147,468 Total Current Assets 1,208,326 Long-term prepaid insurance 142,620 Cash and marketable securities held in Trust Account 160,167,532 TOTAL ASSETS $ 161,518,478 LIABILITIES AND SHAREHOLDERS' DEFICIT Current liabilities Accounts payable $ 16,084 Due to Sponsor 2,447 Over-allotment option liability 141,754 Total current liabilities 160,285 Deferred underwriting fee 6,600,000 Total Liabilities 6,760,285 Commitments and Contingencies (Note 6) Class A ordinary shares subject to possible redemption, 16,000,000 shares at redemption value of $ 10.01 per share 160,167,532 Shareholders' deficit Preference shares, $ 0.0001 par value; 5,000,000 shares authorized; none issued or outstanding — Class A ordinary shares, $ 0.0001 par value; 500,000,000 shares authorized; none issued or outstanding (excluding 16,000,000 shares subject to possible redemption) — Class B ordinary shares, $ 0.0001 par value; 50,000,000 shares authorized; 6,060,811 shares issued and outstanding (1) 606 Additional paid-in capital — Accumulated deficit ( 5,409,945 ) Total Shareholders' Deficit ( 5,409,339 ) TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT $ 161,518,478 (1) This number includes up to 439,189 Class B ordinary shares subject to forfeiture if the remainder of the over-allotment option is not exercised by the underwriters within the 45-day over-allotment period (Note 7). Such 439,189 Class B ordinary shares were forfeited on July 24, 2024. The accompanying notes are an integral part of the unaudited condensed financial statements. 1 Table of Contents MELAR ACQUISITION CORP. I CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) For the Period from March 11, 2024 Three Months (Inception) Ended Through June 30,

View Full Filing

View this 10-Q filing on SEC EDGAR

View on Read The Filing