On September 18, 2026, Melar Acquisition Corp. I filed a Current Report on Form 8-K with the SEC to disclose the terms of a proposed Business Combination. The registrant, a Cayman Islands exempted company, entered into an Agreement and Plan of Merger on July 30, 2025, with MAC I Merger Sub Inc., Everli Global Inc., Melar Acquisition Sponsor I LLC, and Salvatore Palella.
The agreement outlines a transaction where Melar will de-register from the Cayman Islands and domesticate as a Nevada corporation. Following this Domestication, Merger Sub will merge with and into Everli, with Everli continuing as the surviving entity and a wholly owned subsidiary of Melar.
Attached as Exhibit 99.1 is an investor presentation detailing Everli’s business operations. The company operates an asset-light marketplace for online groceries in Italy, utilizing a network of union-certified shoppers to fulfill orders from partner stores. Everli reports a gross merchandise value (GTV) of approximately $78 million for the full year 2025, supported by 769,000 orders delivered and a network covering 95 retailers and 1,150 stores across 60+ provinces.
The presentation highlights a ~21% take rate per order and emphasizes a regulatory moat, noting that Everli holds the only union agreement in the Italian gig delivery sector, while competitors face billions in euros in labor claims and judicial administration. The company also disclosed a new strategic roadmap, including the launch of a rebuilt platform in Q2 2026 and the introduction of a white-label e-commerce solution for retailers.
Investors are advised to read the registration statement on Form S-4 (File No. 333-298505) and the accompanying proxy statement/prospectus for details regarding the Business Combination and related matters.
