04:37 AM EDT, 06/18/2024 (MT Newswires) -- Melar Acquisition said late Monday it has priced an initial public offering of 15 million units at $10 per unit.

The blank-check company said the units will be listed on Nasdaq under the symbol "MACIU" beginning Tuesday.

Each unit consists of one class A ordinary share of the company and one-half of one warrant, with each whole warrant granting the holder the option to purchase one class A ordinary share at an exercise price of $11.50 per share.

The offering is expected to close on Thursday. Once the securities begin separate trading, the ordinary shares and warrants will be listed under the "MACI" and "MACIW" tickers, respectively.