Melar Acquisition Extends Financing Deadline for Merger
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Melar Acquisition Corp. I (MACI) has extended the deadline for Everli Global Inc. to secure $10 million in Bridge Financing to October 21, 2025, as part of their merger agreement. Melar has also increased its promissory note amounts to Everli and its sponsor, and Everli secured a $7.5 million convertible note with Melar Capital Group LLC. These actions aim to facilitate the merger and ensure adequate capital for operations, impacting Melar's strategic positioning and financial commitments.
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