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Melar Acquisition Corp. I (MACIU) is a blank check company focused on acquiring a business in the technology, healthcare, or financial sectors. Founded with the goal of providing value to investors through a strategic merger or acquisition, MACIU is led by experienced professionals with a track record of success in the industry. With a strong financial position and a commitment to growth, Melar Acquisition Corp. I is positioned for future success in the ever-evolving market.
Melar Acquisition Corp. I (Nasdaq: MACIU) announced that starting July 17, 2024, holders of units from its initial public offering can choose to trade the Class A ordinary shares and warrants separately. These components of the units will trade under the symbols 'MACI' and 'MACIW' on the Nasdaq Global Market. Units that remain unseparated will continue trading under the symbol 'MACIU'. The company clarified that there will be no fractional warrants issued upon separation, and only whole warrants will be available for trading. The press release emphasized this announcement is not an offer to sell or solicit the purchase of securities in jurisdictions where it would be unlawful.
Melar Acquisition Corp. I announced the closing of its initial public offering (IPO), raising $160 million through the sale of 16 million units at $10 per unit. This includes 1 million units from the partial exercise of the underwriters' over-allotment option. Trading commenced on June 18, 2024, on Nasdaq under the ticker 'MACIU.' Each unit consists of one Class A share and one-half of a redeemable warrant, with the whole warrant exercisable at $11.50 per share. The units will eventually trade separately under 'MACI' for shares and 'MACIW' for warrants. The funds raised are placed in a trust account. The IPO was managed by Cohen & Company Capital Markets and Seaport Global Securities.
Melar Acquisition Corp. I announced the pricing of its initial public offering (IPO) of 15,000,000 units at $10.00 per unit, raising $150 million.
The units will be listed on Nasdaq under the symbol 'MACIU' starting June 18, 2024. Each unit consists of one Class A ordinary share and one-half of a warrant, with each whole warrant exercisable at $11.50 per share.
Upon separate trading, shares and warrants will trade under 'MACI' and 'MACIW', respectively. The IPO is expected to close on June 20, 2024, subject to customary conditions.
The offering is led by Cohen & Company Capital Markets and Seaport Global Securities. The Company has granted underwriters a 45-day option to purchase up to 2,250,000 additional units to cover over-allotments.
The leadership team includes CEO Gautam Ivatury, CFO Edward Lifshitz, and COO Eric Lifshitz.
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