Melar Acquisition signs note with sponsor for up to $1.5 million at 17.5% interest

• Melar Acquisition Corp. I issued a promissory note of up to USD 1.5 million to sponsor Melar Acquisition Sponsor I for working capital.
• USD 223,079 had been advanced under the note as of June 11, 2026.
• Note bears 17.5% annual interest; repayment due at the earlier of an initial business combination or liquidation.
• Sponsor can convert up to USD 1.5 million of unpaid principal into warrants at USD 1 per warrant before a business combination.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Melar Acquisition Corp. I published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-067825), on June 11, 2026, and is solely responsible for the information contained therein.