---
title: "Melar Acquisition I 10-K: $0 Revenue, $5.54M Net Income from Trust Interest"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278370023.md"
description: "Melar Acquisition I reported no operating revenues for the year, with a net income of $5.54 million primarily from interest and dividends from its IPO trust account. The company completed its IPO, raising $160 million for a future business combination but has not commenced operations. Activities focused on target evaluation and due diligence for a merger with Everli. No earnings per share were disclosed, and the company incurred general and administrative expenses without generating any revenues."
datetime: "2026-03-09T10:05:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278370023.md)
  - [en](https://longbridge.com/en/news/278370023.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278370023.md)
---

# Melar Acquisition I 10-K: $0 Revenue, $5.54M Net Income from Trust Interest

Melar Acquisition I reported no operating revenues for the year and recorded net income of $5.53943 million primarily driven by interest and dividend income from its IPO trust account; no earnings per share figure is presented in the filing. The company completed its IPO and placed proceeds into a trust to fund an intended business combination and has not commenced operating activities. Activity during the period centered on target evaluation, due diligence and steps toward completing a business combination.

**Financial Highlights**

-   **Revenue**: $0, company has not generated any revenues to date
-   **Gross Profit**: $0, no operations or sales so no gross profit reported
-   **Operating Income**: $0, no operating revenues; incurred general and administrative expenses reported
-   **Net Income**: $5.53943 million, primarily interest/dividend income from the trust account
-   **Net Income Per Share**: Not disclosed in the report

**Business Highlights**

-   **IPO & Trust Funding**: Completed IPO and private placement raising $160 million placed in a trust to fund a future business combination.
-   **Business Combination Activity**: Executed a binding merger agreement with Everli, received required GAAP deliverables and submitted the Everli registration draft as part of transaction execution.
-   **Operational Status**: No operating revenues; corporate activity focused on identifying and executing a target business combination, due diligence, and related transaction preparations.
-   **Trust Interest Utilization**: Interest income generated in the trust has been used for operations and is intended to support consummation of the business combination.

Original SEC Filing: Melar Acquisition Corp. I/Cayman \[ MACI \] - 10-K - Mar. 06, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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