Melar Acquisition Corp. I Announces Pricing of $150 Million Initial Public Offering
2024年6月18日 - 8:00AM
ビジネスワイヤ(英語)
Melar Acquisition Corp. I (the “Company”) announced the pricing
of its initial public offering of 15,000,000 units at $10.00 per
unit. The units will be listed on the Nasdaq Global Market
(“Nasdaq”) under the symbol “MACIU” commencing Tuesday, June 18,
2024. Each unit consists of one Class A ordinary share of the
Company and one-half of one warrant, each whole warrant entitling
the holder thereof to purchase one Class A ordinary share of the
Company at an exercise price of $11.50 per share. Once the
securities constituting the units begin separate trading, the
Company expects that the Class A ordinary shares and warrants will
be listed on Nasdaq under the symbols “MACI” and “MACIW,”
respectively. The initial public offering is expected to close on
Thursday, June 20, 2024, subject to customary closing
conditions.
The Company is led by Gautam Ivatury, Chief Executive Officer
and Chairman, Edward Lifshitz, Chief Financial Officer, and Eric
Lifshitz, Chief Operating Officer and a Director.
The offering is being led by Cohen & Company Capital Markets
as the lead book-running manager and Seaport Global Securities as
joint book runner. The Company has granted the underwriters a
45-day option to purchase up to 2,250,000 additional units at the
initial public offering price to cover over-allotments, if any.
The initial public offering is being made only by means of a
prospectus. When available, copies of the prospectus relating to
the offering may be obtained from Cohen & Company Capital
Markets, 3 Columbus Circle, Suite 1710, New York, NY 10019,
Attention: Prospectus Department, Email: capitalmarkets@cohencm.com
or Seaport Global Securities LLC, 360 Madison Avenue, 22nd Floor,
New York, NY 10017, Attention: Prospectus SPAC Department, Email:
SPACCapitalMarkets@seaportglobal.com.
A registration statement relating to these securities has been
declared effective by the U.S. Securities and Exchange Commission
(the “SEC”) on June 17, 2024. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any State or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such State or jurisdiction.
About Melar Acquisition Corp. I
Melar Acquisition Corp. I is a special purpose acquisition
company incorporated under the laws of Cayman Islands for the
purpose of effecting a merger, amalgamation, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with one or more businesses. The Company may pursue an
initial business combination in any business or industry.
Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
proposed initial public offering and the anticipated use of the net
proceeds. No assurance can be given that the offering discussed
above will be completed on the terms described, or at all, or that
the net proceeds of the offering will be used as indicated.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company’s registration
statement and preliminary prospectus for the Company’s offering
filed with the SEC. Copies are available on the SEC’s website,
www.sec.gov. The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240617621419/en/
Melar Acquisition Corp. I Gautam Ivatury, Chief Executive
Officer Tel: (702) 781-1120