• Melar Acquisition posted Q1 net income of USD 778,261, down 50.74% from a year earlier.
• Dividends and interest earned on marketable securities and cash held in the Trust Account fell 12.84% to USD 1.51 million.
• General and administrative costs climbed to USD 739,221 from USD 156,948, while interest expense on the Sponsor Note rose to USD 152,631 from no expense a year earlier.
• Cash held outside the Trust Account slipped to USD 14,205 at March 31, 2026 from USD 32,075 at Dec. 31, 2025, while marketable securities held in the Trust Account increased to USD 172.92 million from USD 171.41 million.
• Everli deal process continued, with a draft registration statement submitted to the SEC on Jan. 23, 2026, and Melar maintaining a June 20, 2026 deadline to complete an initial business combination absent an extension.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Melar Acquisition Corp. I published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-056836), on May 14, 2026, and is solely responsible for the information contained therein.