12:39 PM EDT, 07/31/2025 (MT Newswires) -- Melar Acquisition I (MACI), a special purpose acquisition company, and Everli said Thursday that they have entered a merger agreement to take Everli public.

The deal gives Everli a pre-money valuation of $180 million, which could rise if the Italian e-grocery platform secures additional funding before the merger closes.

Once the transaction closes, the combined company will be called Everli Global Holdings and will aim to list on the Nasdaq under the ticker "EVRL." Per the deal, Everli will become a wholly owned subsidiary of Melar.

Both companies' boards have approved the proposed merger. It is still tied to shareholder approval and is expected to close in late 2025 or early 2026, though there's no guarantee on timing, the companies added.

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