Melar Shareholders Approve Everli Deal; 3.85M Shares Redeemed, Leaving ~$0.8M in Trust
MACI sits 21% above its 52-week low of $9.06.
Summary
Melar shareholders approved the Everli business combination on October 22, 2026, but 3,852,564 Class A shares were redeemed, leaving only about $0.8 million in the trust account. The combined company, trading as EVRL/EVRLW, will launch with minimal public cash against Everli's already-disclosed debt load.
Key Events · M&A and Partnerships · MACI
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Everli Merger Approved by Shareholders
The Business Combination Proposal passed with 9,425,113 votes for and 23,978 against; all ancillary proposals, including domestication, charter amendments, director elections and the incentive plan, also passed.
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Massive Redemptions Drain Trust Account
Holders of 3,852,564 Class A ordinary shares redeemed, leaving approximately $0.8 million in the Trust Account after completion of the redemptions.
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Post-Closing Nasdaq Tickers Set
The combined company will operate as Everli Global Holdings Inc., with Class A common stock and warrants expected to trade on Nasdaq under EVRL and EVRLW.
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Closing Pending Remaining Conditions
Melar expects the Business Combination to be completed promptly following satisfaction or waiver of the other closing conditions; the filing does not state a specific closing date.
Analysis · MACI · Trade & Services
The merger vote passed overwhelmingly, but the redemption tally is the number that matters: holders of 3,852,564 Class A shares cashed out, leaving roughly $0.8 million in the trust account. That is a near-total collapse of the SPAC's cash pool, so the combined Everli entity will start life with almost no public cash on top of the $56.1M of debt and loan default previously disclosed in the S-4 amendments. Closing is now a formality subject to remaining conditions, but the post-close company will need outside financing, and the filing itself flags the risk that additional capital may not be raised on favorable terms or at all.
How filings like this one have moved
In the 30 days to Oct 23, 2026, 36.8% of the 1025 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.77%. 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 $11.00 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $105M. The 52-week trading range was $9.06 to $14.92. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.