Key Highlights

  • Melar Acquisition Corp. I (NASDAQ:MACI) traded about 20.45% higher near USD 13.25 in early trading on Monday, October 26, 2026, well above the roughly USD 10 level typical of blank-check trust value.
  • Shareholders approved the business combination with Everli Global Inc., an Italian e-grocery platform, at an extraordinary general meeting on Thursday, October 22, 2026, together with all related proposals.
  • After closing, the combined company will be named Everli Global Holdings Inc., and its Class A shares and warrants are planned to trade on Nasdaq as EVRL and EVRLW.
  • The release did not state redemption levels, trust value or a closing date, so Melar Acquisition Corp. I (NASDAQ:MACI) trades on the expected completion rather than on trust value.

Melar Acquisition Corp. I (NASDAQ:MACI): approval of the Everli merger

Melar Acquisition Corp. I (NASDAQ:MACI), a special purpose acquisition company (a listed shell formed to merge with a private business), traded about 20.45% higher near USD 13.25 in early trading on Monday, October 26, 2026. Its shareholders approved the business combination with Everli Global Inc. at an extraordinary general meeting on Thursday, October 22, 2026, according to the company's release. Everli is a Nevada corporation operating a major Italian e-grocery technology and fulfilment platform. The merger agreement is dated Wednesday, July 30, 2025, and was amended on Thursday, October 2, 2025 and Monday, December 8, 2025. The release stated that the deal should close promptly once remaining conditions are satisfied or waived. The price is an intraday figure.

How the SPAC Mechanics Support Melar Acquisition Corp. I (NASDAQ:MACI)

A SPAC raises cash in an offering and holds it in trust, usually at about USD 10 per share, until it completes a merger. Holders may redeem shares for their trust value before the vote, and the redemption deadline was Tuesday, October 20, 2026. Shares held by those who did not redeem convert into shares of the combined company, here to trade as EVRL. A price near USD 13.25 is therefore a premium to trust value that reflects expectations for Everli rather than the cash held in trust. Redemption levels have not been disclosed in the release, and a high redemption rate would leave a small float and extreme volatility around closing. The warrants carry an exercise price of USD 11.50 under the terms disclosed.

Risks and What to Watch

The risks for Melar Acquisition Corp. I (NASDAQ:MACI) are completion risk, high redemptions that reduce the cash reaching Everli, and sharp price swings in a small float once trading switches to the new symbols. Sponsor and Everli notes were increased to USD 3.61 million earlier in the process, which signals reliance on loans to fund the transaction. A premium of about 32.5% to the nominal USD 10 trust value, calculated from the intraday price, can reverse if the closing is delayed. Investors should watch the Form 8-K with voting results, the redemption total, the closing announcement and the first day of trading as EVRL. The Fed decision on Wednesday, October 28, 2026 may also influence growth-stock sentiment.

Where Things Stand

The answer is that Melar Acquisition Corp. I (NASDAQ:MACI) rose about 20.45% in early trading on Monday, October 26, 2026 after shareholders approved the Everli merger on Thursday, October 22, 2026, with the combined company planned to trade as EVRL. The price sits well above the typical USD 10 trust value, so it reflects expectations for the merged business. The next catalysts are the filing of voting results, the redemption total, the closing date and the Fed decision on Wednesday, October 28, 2026. Completion is not assured, SPAC shares can be volatile around closing, and this is not investment advice.