Everli Global Inc. and Melar Acquisition Corp. I (Nasdaq: MACI) announced on October 6, 2026, that the U.S. Securities and Exchange Commission (SEC) has declared effective the registration statement on Form S-4 (File No. 333-298505) in connection with their proposed business combination. This filing includes a proxy statement for Melar shareholders and a prospectus for the registration of securities to be issued in the transaction.

The effective date marks a significant step toward Everli becoming a publicly traded company. Upon the closing of the transaction, the combined entity is expected to be renamed Everli Global Holdings Inc. and its Class A common stock and warrants are expected to trade on the Nasdaq Stock Market under the ticker symbols "EVRL" and "EVRLW," respectively.

Everli is an Italian e-grocery marketplace and delivery platform founded in 2014. The company operates an asset-light model that connects consumers with grocery retailers through an online platform. Everli utilizes a network of independent shoppers to select, purchase, and deliver orders. According to the filing, in fiscal year 2025, Everli processed hundreds of thousands of orders with a gross transaction value exceeding $70 million.

Melar Acquisition Corp. I is a special purpose acquisition company incorporated under the laws of the Cayman Islands. The company is sponsored by Melar Acquisition Sponsor I LLC and was formed for the purpose of acquiring or merging with one or more businesses.

Shareholders of Melar as of the close of business on September 28, 2026, are entitled to vote on the business combination. Melar will hold an extraordinary general meeting on October 22, 2026, at 8:00 a.m. ET, at the offices of Ellenoff Grossman & Schole LLP in New York. The Melar board of directors unanimously recommends a vote "FOR" the proposals.

Shareholders wishing to exercise redemption rights must submit their requests to the transfer agent, Continental Stock Transfer & Trust Company, by 5:00 p.m. ET on October 20, 2026. The parties expect to close the business combination shortly after the meeting, subject to the satisfaction of remaining closing conditions.

In connection with the closing, Melar intends to domesticate from the Cayman Islands to the State of Nevada. A subsidiary of Melar will merge with and into Everli, with Everli surviving as a wholly owned subsidiary.