Melar Acquisition Corp. I (MACIW) Warrant
Each MACIW warrant gives the holder the right to buy 1 share of Melar Acquisition Corp. I at $11.50 per share, for five years after the company completes its merger. The stock last closed at $11.04, below the strike, so the warrant is out of the money. Melar Acquisition Corp. I has a market value of about $105.38M. Melar Acquisition Corp. I is a SPAC (deal signed with Everli Global Inc.). It must complete a deal by December 20, 2026 or the warrants expire worthless. There are 8.00M listed warrants; exercising all of them would add 83.8% to the 9.55M shares outstanding.
MACI vs strike, last 12 months
No share-price history for MACI yet.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $18.00
- Cashless exercise
- allowed
- Break-even stock price
- $11.59
From the issuer's S-1/A (2024-06-10).
Company and stock
- Company
- Melar Acquisition Corp. I
- Underlying stock
- MACI
- Share price
- $11.04
- Market cap
- $105.38M
- Shares outstanding
- 9.55M
- Value of all listed warrants
- $682.40K (0.6% of market cap)
Market cap is the last share price times shares outstanding (as of 10-Q 2026-). All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.0853
- Price / model
Get Pro to see whether MACIW is cheap or rich against our model.
Dilution
- Shares outstanding
- 9.55M
- Listed warrants
- 8.00M
- Dilution if all exercised
- 83.8%
Warrant count from filing iXBRL: InitialBusinessCombinationMember|PublicWarrantsMember.
SPAC deal
- Status
- deal signed
- Target
- Everli Global Inc.
- Deal announced
- 2025-07-30
- Deadline
- 2026-12-20
- Latest possible deadline
- 2026-12-20
- Trust per share
- $10.93
- Sponsor
- Melar Acquisition Sponsor I LLC
- Sponsor's earlier SPACs
- 0 (0 closed a deal)
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about MACIW
When does the MACIW warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of MACIW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many MACIW warrants are outstanding?
8.00M listed warrants, equal to 83.8% dilution if all are exercised.