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The latest announcement is out from Melar Acquisition Corp. I Class A ( (MACI) ).
On May 8, 2026, Melar Acquisition Corp. I and Melar Capital Group LLC entered into an intercreditor agreement with YA II PN, Ltd., Everli Global Inc., Salvatore Palella and Palella Holdings LLC to govern their respective rights over Everli’s indebtedness and collateral. The lenders’ promissory notes were set to rank pari passu in payment and security, with principal repayments, distributions and recoveries shared on a pro rata basis, while each lender also consented to the other’s financing arrangements.
Under the agreement, Melar and YA II PN, Ltd. share a first‑priority perfected security interest over substantially all of Everli’s and its subsidiaries’ assets, including coordination mechanisms for insolvency scenarios and a bailment structure once the YA lender funds at least $5 million. The structure is designed to ensure an orderly and equitable treatment of secured creditors as Melar and Everli move forward with their previously announced business combination and related SEC registration and proxy processes.
More about Melar Acquisition Corp. I Class A
Melar Acquisition Corp. I is a Cayman Islands exempted special purpose acquisition company focused on effecting a business combination, and it has signed an Agreement and Plan of Merger with Everli Global Inc., an e‑commerce business, and related parties. The transaction is intended to take Everli public via merger, with Everli’s majority shareholder, Palella Holdings LLC, playing a central role in the proposed deal.
Average Trading Volume: 21,854
Technical Sentiment Signal: Buy
Current Market Cap: $234.2M
For an in-depth examination of MACI stock, go to TipRanks’ Overview page.