$MACI

Melar Acquisition Corp. I/Cayman

CIK:0002016221|SEC Filings

Unaudited Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
General and administrative costs	$ 628,701	$ 233,288	$ 1,367,922	$ 390,236
Loss from operations	(628,701)	(233,288)	(1,367,922)	(390,236)
Other income (expense):
Interest income due from Everli	157,970	2,540	314,204	2,540
Interest expense on Working Capital Loan	(7,758)		(7,758)
Interest expense on Sponsor Loan	(166,570)	(109)	(319,201)	(109)
Interest on cash held in the operating account	4	169	5	376
Dividends and interest earned on marketable securities and cash held in Trust Account	1,365,225	1,786,926	2,879,103	3,523,660
Total other income, net	1,348,871	1,789,526	2,866,353	3,526,467
Net income	$ 720,170	$ 1,556,238	$ 1,498,431	$ 3,136,231
Redeemable Class A Ordinary Shares
Other income (expense):
Weighted average ordinary shares outstanding – basic (in Shares)	14,009,438	16,000,000	14,999,220	16,000,000
Weighted average ordinary shares outstanding – diluted (in Shares)	14,009,438	16,000,000	14,999,220	16,000,000
Net income per ordinary share – basic (in Dollars per share)	$ 0.04	$ 0.07	$ 0.07	$ 0.15
Net income per ordinary share – diluted (in Dollars per share)	$ 0.04	$ 0.07	$ 0.07	$ 0.15
Non-Redeemable Class A Ordinary Shares and Class B Ordinary Shares
Other income (expense):
Weighted average ordinary shares outstanding – basic (in Shares)	5,621,622	5,621,622	5,621,622	5,621,622
Weighted average ordinary shares outstanding – diluted (in Shares)	5,621,622	5,621,622	5,621,622	5,621,622
Net income per ordinary share – basic (in Dollars per share)	$ 0.04	$ 0.07	$ 0.07	$ 0.15
Net income per ordinary share – diluted (in Dollars per share)	$ 0.04	$ 0.07	$ 0.07	$ 0.15

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash Flows from Operating Activities:
Net income	$ 1,498,431	$ 3,136,231
Adjustments to reconcile net income to net cash used in operating activities:
Interest earned on marketable securities and cash held in Trust Account	(2,879,103)	(3,523,660)
Interest due from Everli	(314,204)	(2,540)
Interest expense on Working Capital loan	7,758
Interest expense on Sponsor Loan	319,201	109
Changes in operating assets and liabilities:
Prepaid expenses	42,942	45,083
Accounts payable and accrued expenses	999,968	22,328
Net cash used in operating activities	(325,007)	(322,449)
Cash Flows from Investing Activities:
Cash withdrawn from Trust Account in connection with redemptions	131,489,166
Payment of invoices on behalf of Everli		(228,079)
Net cash provided by (used in) investing activities	131,489,166	(228,079)
Cash Flows from Financing Activities:
Redemption of Class A Ordinary Shares	(131,489,166)
Proceeds from Working Capital Loan	223,079
Proceeds from Sponsor Loan	71,921	228,079
Net cash (used in) provided by financing activities	(131,194,166)	228,079
Net Change in Cash	(30,007)	(322,449)
Cash – Beginning of period	32,075	878,254
Cash – End of period	2,068	555,805
Non-Cash investing and financing activities:
Capital contribution from Everli for Trust extension	78,478
Reduction of Deferred Fee payable	$ 4,885,024

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets
Cash	$ 2,068	$ 32,075
Due from Everli	4,120,066	3,805,862
Prepaid expenses	27,910	70,852
Total current assets	4,150,044	3,908,789
Marketable securities and cash held in Trust Account	42,874,392	171,405,977
TOTAL ASSETS	47,024,436	175,314,766
Current liabilities
Accounts payable and accrued liabilities	1,576,929	576,961
Working Capital Loan - related party	230,837
Sponsor Loan	4,109,133	3,718,011
Total current liabilities	5,916,899	4,294,972
Deferred Fee	1,714,976	6,600,000
TOTAL LIABILITIES	7,631,875	10,894,972
COMMITMENTS AND CONTINGENCIES (Note 6)
Class A Ordinary Shares subject to possible redemption, 3,923,923 and 16,000,000 shares at redemption value of $10.93 and $10.71 per share at June 30, 2026 and December 31, 2025, respectively	42,874,392	171,405,977
SHAREHOLDERS’ DEFICIT
Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding at June 30, 2026 and December 31, 2025
Additional paid-in capital
Accumulated deficit	(3,482,393)	(6,986,745)
TOTAL SHAREHOLDERS’ DEFICIT	(3,481,831)	(6,986,183)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT	47,024,436	175,314,766
Class A Ordinary Shares
SHAREHOLDERS’ DEFICIT
Ordinary shares, value	562
Class B Ordinary Shares
SHAREHOLDERS’ DEFICIT
Ordinary shares, value		$ 562