Thu, May 15, 8:16 PM (39 days ago)
**Melar Acquisition Corp. I (MACIU, MACI, MACIW) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** No operating revenue generated; non-operating income from dividends and interest on marketable securities and cash held in the Trust Account. - **Profit Margins:** Q1 2025 net income of $1,579,993, primarily from interest income, offset by $156,948 in general and administrative costs. - **Cash Flow:** Q1 2025 cash used in operations was $185,142, with net income positively impacted by $1,736,734 in interest income. - **Earnings Changes:** Q1 2025 net income of $1,579,993 compared to a net loss of $19,135 in the same period of 2024. **Trends & Uncertainties:** - **Business Combination:** The company is a blank check company seeking a merger or acquisition. It has until June 20, 2026, to complete an initial business combination. - **Market Risks:** Economic uncertainties, geopolitical instability, and regulatory changes may impact the company's ability to complete a business combination. - **Liquidity:** As of March 31, 2025, the company had $693,112 in its operating bank account and $166,143,750 in the Trust Account. **Future Operations Impact:** - **Trust Account:** The company intends to use the funds in the Trust Account to complete a business combination. - **Shareholder Redemptions:** Shareholders have the right to redeem their shares if the company does not complete a business combination within the specified timeframe. - **Going Concern:** Management believes the company has sufficient funds to sustain operations for at least one year from the issuance date of the financial statements. **Key Metrics (in thousands):** - **Cash & Equivalents:** $693,112 (March 31, 2025) vs. $878,254 (December 31, 2024) - **Trust Account:** $166,143,750 (March 31, 2025) vs. $164,407,016 (December 31, 2024) - **Net Income:** $1,579,993 (Q1 2025) vs. -$19,135 (Q1 2024) - **Operating Expenses:** $156,948 (Q1 2025) vs. $19,135 (Q1 2024) **Conclusion:** Melar Acquisition Corp. I is focused on completing a business combination within its specified timeframe. The company's financial health is primarily supported by the funds held in the Trust Account, with non-operating income from interest on these funds. The company faces uncertainties related to market conditions and regulatory changes, which may impact its ability to complete a business combination.