Karpus Management, Inc. filed an amended beneficial ownership statement on November 6, 2026, reporting a 15.83% stake in Melar Acquisition Corp. I/Cayman as of October 30, 2026.

Key Highlights

  • Reporting person: Karpus Management, Inc., doing business as Karpus Investment Management, a registered investment adviser organized as a New York corporation.
  • Shares beneficially owned: 901,428 shares of common stock of Melar Acquisition Corp. I/Cayman (CUSIP G6004G100).
  • Percent of class: 15.83% as reported by the filing.
  • Voting and dispositive power: Karpus holds sole voting power and sole dispositive power over all 901,428 shares, with no shared power reported.
  • Triggering event date: October 30, 2026, identified in the filing as the date of the event requiring this statement.
  • Parent relationship: Karpus is controlled by City of London Investment Group plc, listed on the London Stock Exchange, though the filing states that effective informational barriers have been established such that Karpus exercises voting and investment power independently of that parent.

Karpus Management's Reported Position in Melar Acquisition Corp. I/Cayman

According to the filing, Karpus Management, Inc. submitted Amendment No. 1 to a Schedule 13G with the SEC on November 6, 2026, disclosing beneficial ownership of 901,428 shares of common stock in Melar Acquisition Corp. I/Cayman, a special purpose acquisition company whose principal executive offices are located at 143 West 72nd Street, 4th Floor, New York, NY 10023. The shares are held directly by accounts managed by Karpus on behalf of its clients.

The filing identifies Karpus as a registered investment adviser under Section 203 of the Investment Advisers Act of 1940, with its principal business office at 183 Sully's Trail, Pittsford, New York 14534. The reporting person is classified as an investment adviser (type "IA") in the filing. Karpus certifies that the securities "were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer," according to the filing's Item 10 certification language.

Regarding the parent company relationship, the filing states that City of London Investment Group plc controls Karpus but that, in accordance with SEC Release No. 34-39538 dated January 12, 1998, effective informational barriers have been established between the two entities. As a result, the filing states that attribution of beneficial ownership between Karpus and City of London Investment Group plc is not required. The filing was signed by Jodi L. Hedberg, Chief Compliance Officer of Karpus Management, Inc.

What Was Disclosed

Karpus Management, Inc. reported beneficial ownership of 901,428 common shares of Melar Acquisition Corp. I/Cayman, representing 15.83% of the class, with sole voting and dispositive power over all reported shares, as of October 30, 2026.