Melar Acquisition Corp. I

07/25/2024 | Press release | Distributed by Public on 07/25/2024 15:11

Statement of Changes in Beneficial Ownership - Form 4

Ownership Submission
FORM 4
Check this box if no longer subject to Section 16, Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
Melar Acquisition Sponsor I LLC
2. Issuer Name and Ticker or Trading Symbol
Melar Acquisition Corp. I/Cayman [MACI U]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
119 WEST 23RD STREET, SUITE 206 ,
3. Date of Earliest Transaction (Month/Day/Year)
(Street)
NEW YORK NY 10011
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Join/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code 4. Securities Acquired (A) or Disposed of (D) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) 6. Ownership Form: Direct (D) or Indirect (I) 7. Nature of Indirect Beneficial Ownership
Code V Amount (A) or (D) Price
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code 5. Number of Derivative Securities Acquired (A) or Disposed of (D) 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security 8. Price of Derivative Security 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) 11. Nature of Indirect Beneficial Ownership
Code V (A) (D) Date Exercisable Expriation Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Melar Acquisition Sponsor I LLC
119 WEST 23RD STREET, SUITE 206

NEW YORK, NY10011

X
Ivatury Gautam
119 WEST 23RD STREET, SUITE 206

NEW YORK, NY10011
X X CEO
Lifshitz Eric
119 WEST 23RD STREET, SUITE 206

NEW YORK, NY10011
X X COO
Eco Crown Global LLC
C/O MELAR ACQUISITION CORP. I,
119 WEST 23RD STREET, SUITE 206
NEW YORK, NY10011

X
Melar Capital SPAC Sponsor I LLC
C/O MELAR ACQUISITION CORP. I,
119 WEST 23RD STREET, SUITE 206
NEW YORK, NY10011

X

Signatures

/s/ Gautam Ivatury, as Managing Member of Eco Crown Global LLC, as Managing Member of Melar Acquisition Sponsor I LLC 2024-07-25
**Signature of Reporting Person Date
/s/ Gautam Ivatury, as Managing Member of Eco Crown Global LLC 2024-07-25
**Signature of Reporting Person Date
/s/ Gautam Ivatury 2024-07-25
**Signature of Reporting Person Date
/s/ Eric Lifshitz, as Managing Member of Melar Capital SPAC Sponsor I LLC 2024-07-25
**Signature of Reporting Person Date
/s/ Eric Lifshitz 2024-07-25
**Signature of Reporting Person Date

Explanation of Responses:

(*) If the form is filed by more than one reporting person, see Instruction 5(b)(v).
(**) Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) As described in the registration statement on Form S-1 (File No. 333-279899) of Melar Acquisition Corp. I (the "Issuer") under the heading "Description of Securities - Founder Shares," the Class B ordinary shares will automatically convert into Class A ordinary shares at the time of the Issuer's initial business combination, or at any time prior to the Issuer's initial business combination, at the option of the holder, on a one-for-one basis, subject to certain adjustments. The Class B ordinary shares have no expiration date.
(2) As contemplated in connection with the initial public offering of the Issuer, 439,189 Class B ordinary shares of the Issuer held by Melar Acquisition Sponsor I LLC (the "Sponsor") were returned to the Issuer for no consideration and cancelled because the underwriters' over-allotment option was not exercised in full.
(3) Gautam Ivatury, the Chief Executive Officer and Chairman of the Issuer, is the managing member of Eco Crown Global LLC. Eric Lifshitz, the Chief Operating Officer and director of the Issuer, is the managing member of Melar Capital SPAC Sponsor I LLC. Eco Crown Global LLC and Melar Capital SPAC Sponsor I LLC are the managing members of the Sponsor and have voting and investment discretion with respect to the securities held of record by the Sponsor. As such, Gautam Ivatury, Eric Lifshitz, Eco Crown Global LLC and Melar Capital SPAC Sponsor I LLC may be deemed to have beneficial ownership of the securities held of record by the Sponsor. Gautam Ivatury, Eric Lifshitz, Eco Crown Global LLC and Melar Capital SPAC Sponsor I LLC disclaim any beneficial ownership except to the extent of their respective pecuniary interests therein.
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