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1.77281121696632E-16 1.77281121696632E-16 1.77281121696632E-16 1.77281121696632E-16 1.77281121696632E-16 1.77281121696632E-16 1.77281121696632E-16 1.77281121696632E-16
Stock impact report

Melar Acquisition Corp. I Completes $160 Million Initial Public Offering [Yahoo! Finance]

Melar Acquisition Corp. I - Unit (MACIU) 
Company Research Source: Yahoo! Finance
16,000,000 units, which includes 1,000,000 units issued pursuant to the partial exercise by the underwriters of their over-allotment option. The offering was priced at $10.00 per unit, resulting in gross proceeds of $160,000,000. The underwriters retain their right to exercise their over-allotment option to purchase up to 1,250,000 additional units. The Company's units began trading on June 18, 2024 on the Nasdaq Global Market ("Nasdaq") under the ticker symbol "MACIU." Each unit consists of one Class A ordinary share of the Company and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share of the Company at an exercise price of $11.50 per share. Once the securities constituting the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols "MACI" and "MACIW," respectively. Of the proceeds received from the consummation of the initial public of Show less Read more
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