Melar Acquisition Corp ICayman
For the period ended Jun 30, 2024. Filed Aug 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 14, 2024
MACI$8.60+10.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Balance Sheet as of June 30, 2024 (Unaudited)
CONDENSED BALANCE SHEET
JUNE 30, 2024
| | | | |
|---|---|---|---|
| ASSETS · | |||
| Current assets · | |||
| Cash | | $1,037,126 | |
| Prepaid expenses | | 23,732 | |
| Prepaid insurance | | 147,468 | |
| Total Current Assets | | 1,208,326 | |
| | | | |
| Long-term prepaid insurance | | 142,620 | |
| Cash and marketable securities held in Trust Account | | 160,167,532 | |
| TOTAL ASSETS | | $161,518,478 | |
| | | | |
| LIABILITIES AND SHAREHOLDERS’ DEFICIT | | ||
| Current liabilities | | ||
| Accounts payable | | $16,084 | |
| Due to Sponsor | | 2,447 | |
| Over-allotment option liability | | 141,754 | |
| Total current liabilities | | 160,285 | |
| | | | |
| Deferred underwriting fee | | 6,600,000 | |
| Total Liabilities | | 6,760,285 | |
| | | | |
| Commitments and Contingencies (Note 6) | | ||
| | | | |
| Class A ordinary shares subject to possible redemption, 16,000,000 shares at redemption value of $10.01 per share | | 160,167,532 | |
| | | | |
| Shareholders’ deficit | | ||
| Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding | | — | |
| Class A ordinary shares, $0.0001 par value; 500,000,000 shares authorized; none issued or outstanding (excluding 16,000,000 shares subject to possible redemption) | | — | |
| Class B ordinary shares, $0.0001 par value; 50,000,000 shares authorized; 6,060,811 shares issued and outstanding (1) | | 606 | |
| Additional paid-in capital | | — | |
| Accumulated deficit | | (5,409,945) | |
| Total Shareholders’ Deficit | | (5,409,339) | |
| TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT | | $161,518,478 | |
| (1) | This number includes up to 439,189 Class B ordinary shares subject to forfeiture if the remainder of the over-allotment option is not exercised by the underwriters within the 45-day over-allotment period (Note 7). Such 439,189 Class B ordinary shares were forfeited on July 24, 2024. |
CONDENSED STATEMENTS OF OPERATIONS
| | | | | | | |
|---|---|---|---|---|---|---|
| · · For the | ||||||
| · · · · Period from | ||||||
| · · · · · March 11, 2024 | ||||||
| · · Three Months · · (Inception) | ||||||
| · · Ended · · Through | ||||||
| · · June 30, · · June 30, | ||||||
| · 2024 · 2024 | ||||||
| General and administrative costs | | $88,594 | | $107,729 | ||
| Loss from operations | | (88,594) | | (107,729) | ||
| | | | | | | |
| Other income: | | | ||||
| Change in fair value of over-allotment option liability | | 27,365 | | 27,365 | ||
| Interest earned on cash and marketable securities held in Trust Account | | 167,532 | | 167,532 | ||
| Total other income | | 194,897 | | 194,897 | ||
| | | | | | | |
| Net income | | $106,303 | | $87,168 | ||
| | | | | | | |
| Weighted average shares outstanding, Class A ordinary shares subject to possible redemption | | 1,777,778 | | 1,441,441 | ||
| | | | | | | |
| Basic and diluted net income per share, Class A ordinary shares subject to possible redemption | | $0.01 | | $0.01 | ||
| | | | | | | |
| Weighted average shares outstanding, Class B non-redeemable ordinary shares | | 5,309,309 | | 5,301,923 | ||
| | | | | | | |
| Basic net income per share, Class B non-redeemable ordinary shares | | $0.01 | | $0.01 | ||
| | | | | | | |
| Weighted average shares outstanding, Class B non-redeemable ordinary shares | | 5,621,622 | | 5,505,550 | ||
| | | | | | | |
| Diluted net income per share, Class B non-redeemable ordinary shares | | $0.01 | | $0.01 | ||
CONDENSED STATEMENT OF CHANGES IN SHAREHOLDERS’ DEFICIT
THREE MONTHS ENDED JUNE 30, 2024 AND
FOR THE PERIOD FROM MARCH 11, 2024 (INCEPTION) THROUGH JUNE 30, 2024
| | | | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · Class A · Class B · Additional · · Total | |||||||||||||||||||
| · · Ordinary Shares · · Ordinary Shares · · Paid-in · · Accumulated · · Shareholders’ | |||||||||||||||||||
| · Shares · Amount · Shares (1) · Amount · Capital · Deficit · Equity (Deficit) | |||||||||||||||||||
| Balance — March 11, 2024 (inception) | | — | | $— | | — | | $— | | $— | | $— | | $— | |||||
| | | | | | | | | | | | | | | | | | | | |
| Issuance of Class B ordinary shares to Sponsor | | — | | — | | 6,060,811 | | 606 | | 24,394 | | — | | 25,000 | |||||
| | | | | | | | | | | | | | | | | | | | |
| Net loss | | — | | — | | — | | — | | — | | (19,135) | | (19,135) | |||||
| | | | | | | | | | | | | | | | | | | | |
| Balance – March 31, 2024 | | — | | — | | 6,060,811 | | $606 | | $24,394 | | $(19,135) | | $5,865 | |||||
| | | | | | | | | | | | | | | | | | | | |
| Accretion for Class A ordinary shares to redemption amount | | — | | — | | — | | — | | (6,943,752) | | (5,497,113) | | (12,440,865) | |||||
| | | | | | | | | | | | | | | | | | | | |
| Sale of 5,000,000 Private Placement Warrants | | — | | — | | — | | — | | 5,000,000 | | — | | 5,000,000 | |||||
| | | | | | | | | | | | | | | | | | | | |
| Fair value of Public Warrants at issuance | | — | | — | | — | | — | | 2,080,000 | | — | | 2,080,000 | |||||
| | | | | | | | | | | | | | | | | | | | |
| Allocated value of transaction costs to Public and Private Warrants | | — | | — | | — | | — | | (160,642) | | — | | (160,642) | |||||
| | | | | | | | | | | | | | | | | | | | |
| Net income | | — | | — | | — | | — | | — | | 106,303 | | 106,303 | |||||
| | | | | | | | | | | | | | | | | | | | |
| Balance – June 30, 2024 | | — | | $— | | 6,060,811 | | $606 | | $— | | $(5,409,945) | | $(5,409,339) | |||||
| (1) | Included an aggregate of 439,189 Class B ordinary shares subject to forfeiture if the over-allotment option was not exercised in full or in part by the underwriters (see Note 7). Such 439,189 Class B ordinary shares were forfeited on July 24, 2024. |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.