Melar Files Amendment No. 2 to Everli Merger S-4, Discloses $5.6M Overdue Loan
MACI is trading near its 52-week low of $10.28 (7.9% above the low) on light trading volume (0.1× avg).
Summary
Amendment No. 2 to the Everli merger S-4 discloses a $5.6 million overdue loan and updates Trust Account figures, adding to the distressed target's financial picture.
Key Events · M&A and Partnerships · MACI
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Overdue $5.6M Loan Disclosed
Everli S.p.A. has approximately $5.635 million in financing arrangements with a September 1, 2026 maturity date that has passed; the loan remains outstanding and extension negotiations are ongoing.
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Distressed Target Financials
Everli carries $56.1 million in total indebtedness, is in default on $9.7 million of debt, and faces a €22.6 million labor claim from Italian regulators.
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Trust Account Update
Trust Account balance is approximately $43.4 million as of September 23, 2026, with an estimated per-share redemption price of approximately $11.06.
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Combination Period Deadline
Melar must complete the business combination by December 20, 2026, or face liquidation and redemption of public shares.
Analysis · MACI · Trade & Services
Amendment No. 2 to the Everli merger S-4 brings new material disclosures to light: a $5.635 million financing arrangement for Everli S.p.A. whose September 1, 2026 maturity date has passed, with the loan still outstanding and extension negotiations ongoing. This adds to the already-distressed picture of Everli — $56.1 million in total debt, a $9.7 million default, and a €22.6 million labor claim — and comes as the SPAC's Combination Period deadline of December 20, 2026 approaches. The filing also updates the Trust Account balance to $43.4 million and the estimated redemption price to $11.06 per share, giving shareholders concrete numbers ahead of the vote.
How filings like this one have moved
In the 30 days to Oct 17, 2026, 29.7% of the 1528 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.47%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, MACI was trading at $11.09 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $105.9M. The 52-week trading range was $10.28 to $11.38. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.