Melar Acquisition Corp. I/Cayman Business Summary

Melar Acquisition Corp. I (MACI) is a special purpose acquisition company (SPAC) that, as of February 2026, is finalizing a business combination with Everli Global Inc., a premier Italian e-grocery technology and fulfillment platform. Post-merger, the company operates a digital marketplace that connects consumers with local grocery retailers, generating revenue through a multi-stream model comprising delivery fees from customers, commissions from partner supermarkets, and high-margin retail media and data analytics services for FMCG brands. The business is segmented into its core e-grocery marketplace, logistics and fulfillment services, and a burgeoning data-driven advertising division. Within the competitive landscape, the company contends with major delivery platforms such as Instacart, Deliveroo, and Glovo, as well as regional specialists like Rohlik Group. MACI/Everli distinguishes itself through a capital-light "personal shopper" model and exclusive partnerships with 12 of Italy's top 13 grocery retailers, positioning itself as a dominant technology-first logistics partner in the Southern European market. MACI is led by Chairman and CEO Gautam Ivatury, a veteran entrepreneur with a pedigree in financial inclusion and sustainable finance, having co-founded SKS Microfinance and ALMA Sustainable Finance. The executive team includes Chief Operating Officer Eric Lifshitz, founder of Melar Capital Group, and Chief Financial Officer Edward Lifshitz, a former partner at EisnerAmper with over 30 years of experience in structured finance and real estate. Upon the expected closing of the business combination, the leadership will integrate with Everli’s key executives, including Chairman and CEO Salvatore Palella, the founder of Helbiz, and COO Jonathan Hannestad. The company’s board of directors features notable industry figures such as Tara Kenney, Kenneth Ruggiero, and Dan Rosen, providing deep expertise in global finance, asset management, and climate-tech ventures. The entity is backed by Melar Acquisition Sponsor I LLC and has recently secured a $10 million loan facility to accelerate its public debut on the Nasdaq under the ticker EVRL.