Melar Acquisition Corp. I, a Cayman Islands exempted company, has filed a Form 8-K with the SEC detailing significant updates regarding its financial agreements. The company has entered into a Third Amendment to its Amended and Restated Secured Promissory Note and Pledge Agreement with Everli Global Inc. and a stockholder of Everli. This amendment increases the principal amount of the note from $3,250,000 to $3,611,111. The adjustment reflects an original issue discount that was not previously accounted for in the principal amount. The amendment is part of the ongoing financial arrangements as Melar prepares for its business combination with Everli. The company has also disclosed that it will file a registration statement on Form S-4 with the SEC, which will include a proxy statement for Melar shareholders and a prospectus for the registration of Melar's securities to be issued in connection with the business combination. This filing is crucial as it will provide shareholders with important information regarding the transaction and related matters. The increase in the principal amount indicates a strengthening of financial support for the business combination, which is expected to enhance Melar's operational capabilities and market position. Investors are advised to review the details of the filing and the implications of the financial adjustments as they may influence the company's future performance and stock valuation.

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