Melar Acquisition Corp. I Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing July 17, 2024

Rhea-AI Summary

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.

NEW YORK--(BUSINESS WIRE)-- Melar Acquisition Corp. I (Nasdaq: MACIU) (the “Company”) announced today that, commencing July 17, 2024, holders of the units sold in the Company’s initial public offering may elect to separately trade the Company’s Class A ordinary shares and warrants included in the units. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The Class A ordinary shares and warrants that are separated will trade on the Nasdaq Global Market under the symbols “MACI” and “MACIW,” respectively. Those units not separated will continue to trade on the Nasdaq Global Market under the symbol “MACIU.”

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Melar Acquisition Corp. I

Melar Acquisition Corp. I is a special purpose acquisition company incorporated under the laws of Cayman Islands for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an initial business combination in any business or industry.

Forward-Looking Statements

This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240711324058/en/

Melar Acquisition Corp. I

Gautam Ivatury

Chief Executive Officer

119 West 23rd Street, Suite 206

New York, New York 10011

Tel: (702) 781-1120

Source: Melar Acquisition Corp. I

FAQ

When can Melar Acquisition Corp. I (MACIU) unit holders start trading Class A shares and warrants separately?

Starting July 17, 2024, unit holders can begin trading Class A ordinary shares and warrants separately.

What are the Nasdaq symbols for Melar Acquisition's separated Class A shares and warrants?

The Class A ordinary shares will trade under the symbol 'MACI' and the warrants under 'MACIW'.

What is the Nasdaq symbol for Melar Acquisition units that are not separated?

Units that are not separated will continue to trade under the symbol 'MACIU'.

Will fractional warrants be issued when Melar Acquisition units are separated?

No, fractional warrants will not be issued; only whole warrants will trade.

Is the announcement from Melar Acquisition an offer to sell its securities?

No, the press release explicitly states it is not an offer to sell or solicit the purchase of securities.