---
title: "MELAR ACQUISITION CORP. I C/WTS EXP 01/06/2031 (TO PUR COM) | 10-Q: FY2025 Q3 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/265903484.md"
datetime: "2025-11-14T11:10:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/265903484.md)
  - [en](https://longbridge.com/en/news/265903484.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/265903484.md)
---

# MELAR ACQUISITION CORP. I C/WTS EXP 01/06/2031 (TO PUR COM) | 10-Q: FY2025 Q3 Revenue: USD 0

Revenue: As of FY2025 Q3, the actual value is USD 0.

EPS: As of FY2025 Q3, the actual value is USD 0.05.

EBIT: As of FY2025 Q3, the actual value is USD -2.534 M.

### Segment Revenue

-   **Interest Income**: For the three months ended September 30, 2025, dividends and interest earned on marketable securities and cash held in the Trust Account amounted to $1,813,045, compared to $2,363,818 for the same period in 2024. For the nine months ended September 30, 2025, this figure was $5,336,705, compared to $2,531,350 for the period from March 11, 2024 (inception) through September 30, 2024.

### Operational Metrics

-   **Net Income**: The company reported a net income of $1,109,702 for the three months ended September 30, 2025, compared to $2,375,937 for the same period in 2024. For the nine months ended September 30, 2025, net income was $4,245,933, compared to $2,463,105 for the period from March 11, 2024 (inception) through September 30, 2024.
-   **General and Administrative Costs**: These costs were $712,021 for the three months ended September 30, 2025, compared to $130,378 for the same period in 2024. For the nine months ended September 30, 2025, the costs were $1,102,257, compared to $238,107 for the period from March 11, 2024 (inception) through September 30, 2024.

### Cash Flow

-   **Operating Cash Flow**: For the nine months ended September 30, 2025, net cash used in operating activities was - $537,585, compared to - $489,390 for the period from March 11, 2024 (inception) through September 30, 2024.
-   **Investing Cash Flow**: The company used - $3,232,490 in investing activities for the nine months ended September 30, 2025, compared to - $160,000,000 for the period from March 11, 2024 (inception) through September 30, 2024.
-   **Financing Cash Flow**: The company had $3,178,079 of cash provided by financing activities for the nine months ended September 30, 2025, compared to $161,423,488 for the period from March 11, 2024 (inception) through September 30, 2024.

### Unique Metrics

-   **Interest Due from Everli**: For the three and nine months ended September 30, 2025, the company recognized $392,370 and $394,910, respectively, in amortized original issue discount (OID) and accrued interest on the Everli Note.

### Future Outlook and Strategy

-   **Core Business Focus**: The company plans to consummate a Business Combination by June 20, 2026, and is currently pursuing the Everli Business Combination, which values Everli at a pre-money equity value of $180 million. The company intends to use the funds held in the Trust Account to complete this transaction.
-   **Non-Core Business**: The company has entered into a secured promissory note and pledge agreement with Everli, with a principal amount of up to $3,250,000, to support the business combination process.

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