8-K - Melar Acquisition Corp. I Warrant | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Melar Acquisition Corp. I amended two promissory notes on March 30, 2026, increasing principal amounts from up to $3,250,000 to $3,611,111 each for Everli Global Inc. and its Sponsor in connection with the pending Business Combination.

Key Takeaways

1Third Amendment to Everli Note executed March 30, 2026, increases principal to up to $3,611,111 to reflect $361,111 original issue discount.

2Third Amendment to Sponsor Note issued March 30, 2026, increases principal to up to $3,611,111.

3Amendments relate to previously disclosed notes dated August 18, 2025, with prior amendments in September 2025.

4Sponsor Note amendment exempt from registration under Section 4(a)(2) of Securities Act.

5Exhibits 10.1 and 10.2 filed containing full amendment texts.

6Part of ongoing Business Combination with Everli Global Inc. via Merger Agreement.

Current Report Details

Event Type

Material Agreement

Financing

Exhibits Only

Disclosure

Mandatory

Variant

8-K

Items Reported

1.01

of this Current Report on Form 8-K is incorporated by reference in this Item 2.03. ** Additional Information and Where to Find It ** In connection with the Busi

Material Agreement

Source Document

2.03

Creation of a Direct Financial Obligation or an Obligation Under an Off-balance Sheet Arrangement of a Registrant.** The disclosure related to the Third Amendme

Financing

9.01

Financial Statements and Exhibits.** (d) Exhibits. | Exhibit No. | | Description | |---|---|---| | 10.1+ | | Third Amendment to Amended and Restated Secured Pro

Exhibits Only

Transaction Details

Material Agreement

Exhibits (3)

10.1

THIRD AMENDMENT TO AMENDED AND RESTATED SECURED PROMISSORY NOTE AND PLEDGE AGREEMENT, DATED AS OF MARCH 30, 2026, BY AND AMONG MELAR ACQUISITION CORP. I, EVERLI GLOBAL INC. AND A CERTAIN STOCKHOLDER OF EVERLI GLOBAL INC

10.2

THIRD AMENDMENT TO AMENDED AND RESTATED PROMISSORY NOTE, ISSUED ON MARCH 30, 2026, BY MELAR ACQUISITION CORP. I. TO MELAR ACQUISITION SPONSOR I LLC

8-K

CURRENT REPORT