Melar Acquisition Corp. I/Cayman Files Q2 2025 10-Q
Ticker: MACIU · Form: 10-Q · Filed: Aug 14, 2025 · CIK: 2016221
Sentiment: neutral
Topics: spac, 10-q, financials
TL;DR
Melar Acquisition Corp. I/Cayman filed its Q2 2025 10-Q. SPAC activity.
AI Summary
Melar Acquisition Corp. I/Cayman filed a 10-Q for the period ending June 30, 2025. The company, incorporated in E9 with a fiscal year end of December 31, is listed under the SIC code 6770 (Blank Checks). Its principal business address is in New York, NY.
Why It Matters
This filing provides an update on Melar Acquisition Corp. I/Cayman's financial status and operations for the second quarter of 2025, which is crucial for investors tracking special purpose acquisition companies (SPACs).
Risk Assessment
Risk Level: medium — SPACs inherently carry higher risk due to their structure and reliance on future acquisitions.
Key Numbers
- N/A — Total Assets (Specific financial figures are not detailed in the provided header information.)
- N/A — Total Liabilities (Specific financial figures are not detailed in the provided header information.)
- N/A — Revenue (Specific financial figures are not detailed in the provided header information.)
Key Players & Entities
- Melar Acquisition Corp. I/Cayman (company) — Filer of the 10-Q
- 0001410578-25-001763 (filing_id) — Accession Number for the filing
- 20250630 (date) — Conformed period of report
- New York, NY (location) — Business and Mail Address City/State
FAQ
What is the primary business of Melar Acquisition Corp. I/Cayman?
Melar Acquisition Corp. I/Cayman is classified under SIC code 6770, which corresponds to 'Blank Checks', indicating it is a Special Purpose Acquisition Company (SPAC).
When is the fiscal year end for Melar Acquisition Corp. I/Cayman?
The fiscal year end for Melar Acquisition Corp. I/Cayman is December 31.
Where is Melar Acquisition Corp. I/Cayman's business address located?
The business address for Melar Acquisition Corp. I/Cayman is located at 143 West 72nd Street, 4th Floor, New York, NY 10023.
What is the SEC file number for Melar Acquisition Corp. I/Cayman?
The SEC file number for Melar Acquisition Corp. I/Cayman is 001-42134.
What period does this 10-Q filing cover?
This 10-Q filing covers the period ending June 30, 2025.
Filing Stats: 4,649 words · 19 min read · ~15 pages · Grade level 18.8 · Accepted 2025-08-13 19:00:46
Key Financial Figures
- $0.0001 — LC Class A ordinary shares, par value $0.0001 per share MACI The Nasdaq Stock Mar
- $11.50 — ordinary share at an exercise price of $11.50 per share MACIW The Nasdaq Stock Ma
Filing Documents
- tmb-20250630x10q.htm (10-Q) — 1131KB
- tmb-20250630xex10d1.htm (EX-10.1) — 95KB
- tmb-20250630xex10d2.htm (EX-10.2) — 33KB
- tmb-20250630xex31d1.htm (EX-31.1) — 14KB
- tmb-20250630xex31d2.htm (EX-31.2) — 14KB
- tmb-20250630xex32d1.htm (EX-32.1) — 8KB
- tmb-20250630xex32d2.htm (EX-32.2) — 8KB
- 0001410578-25-001763.txt ( ) — 5842KB
- tmb-20250630.xsd (EX-101.SCH) — 54KB
- tmb-20250630_cal.xml (EX-101.CAL) — 24KB
- tmb-20250630_def.xml (EX-101.DEF) — 219KB
- tmb-20250630_lab.xml (EX-101.LAB) — 371KB
- tmb-20250630_pre.xml (EX-101.PRE) — 318KB
- tmb-20250630x10q_htm.xml (XML) — 887KB
Financial Information
Part I. Financial Information
Financial Statements
Item 1. Financial Statements Condensed Balance Sheets as of June 30, 2025 (Unaudited) and December 31, 2024 1 Unaudited Condensed Statements of Operations for the Three and Six Months Ended June 30, 2025, for the Three Months Ended June 30, 2024 and for the Period from March 11, 2024 (Inception) through June 30, 2024 2 Unaudited Condensed Statements of Changes in Shareholders' Deficit for the Three and Six Months Ended June 30, 2025, for the Three Months Ended June 30, 2024 and for the Period from March 11, 2024 (Inception) through June 30, 2024 3 Unaudited Condensed Statements of Cash Flows for the Six Months Ended June 30, 2025 and for the Period from March 11, 2024 (Inception) through June 30, 2024 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 21
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 25
Controls and Procedures
Item 4. Controls and Procedures 25
Other Information
Part II. Other Information
Legal Proceedings
Item 1. Legal Proceedings 26
Risk Factors
Item 1A. Risk Factors 26
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 26
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 26
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 26
Other Information
Item 5. Other Information 27
Exhibits
Item 6. Exhibits 28
SIGNATURES
SIGNATURES 29 Table of Contents
- FINANCIAL INFORMATION
PART I - FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements MELAR ACQUISITION CORP. I CONDENSED BALANCE SHEETS June 30, 2025 December 31, (Unaudited) 2024 ASSETS Current assets Cash $ 555,805 $ 878,254 Due from Everli 230,619 — Prepaid expenses 191,263 165,494 Total current assets 977,687 1,043,748 Long-term prepaid insurance — 70,852 Marketable securities and cash held in Trust Account 167,930,676 164,407,016 TOTAL ASSETS $ 168,908,363 $ 165,521,616 LIABILITIES AND SHAREHOLDERS' DEFICIT Current liabilities Accounts payable and accrued liabilities $ 63,580 $ 41,252 Sponsor Loan 228,188 — Total current liabilities 291,768 41,252 Deferred underwriting fee 6,600,000 6,600,000 TOTAL LIABILITIES 6,891,768 6,641,252 COMMITMENTS AND CONTINGENCIES (Note 6) Class A ordinary shares subject to possible redemption, 16,000,000 shares at redemption value of $ 10.50 and $ 10.28 per share at June 30, 2025 and December 31, 2024, respectively 167,930,676 164,407,016 SHAREHOLDERS' DEFICIT Preference shares, $ 0.0001 par value; 5,000,000 shares authorized; none issued or outstanding at June 30, 2025 and December 31, 2024 — — Class A ordinary shares, $ 0.0001 par value; 500,000,000 shares authorized; none issued or outstanding at June 30, 2025 and December 31, 2024 (excluding 16,000,000 shares subject to possible redemption) — — Class B ordinary shares, $ 0.0001 par value; 50,000,000 shares authorized; 5,621,622 shares issued and outstanding at June 30, 2025 and December 31, 2024 562 562 Additional paid-in capital — — Accumulated deficit ( 5,914,643 ) ( 5,527,214 ) TOTAL SHAREHOLDERS' DEFICIT ( 5,914,081 ) ( 5,526,652 ) TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT $ 168,908,363 $ 165,521,616 The accompanying notes are an integral part of the unaudited condensed financial statements. 1 Table of Contents MELAR ACQUISITION CORP. I UNAUDITED CONDENSED STATEMENTS OF OPERATIONS For the