Business
Everli, A Major Italian E-Grocery Marketplace, Signs Agreement To Go Public Via $180 Million Business Combination With Melar Acquisition Corp. I
NEW YORK & MILAN, July 31, 2025--Everli Global Inc. ("Everli" or the "Company"), a major e-grocery platform in Italy, and Melar Acquisition Corp. I ("Melar"), a special purpose acquisition company sponsored by Melar Acquisition Sponsor I LLC, jointly announced today that they have entered into a definitive Agreement and Plan of Merger, dated July 30, 2025 (the "Merger Agreement") for a proposed business combination between Everli and Melar (the "Proposed Transaction"). Upon closing of the Propos
About this update from Melar Acquisition Corp. I
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":320,"url":"https://media.zenfs.com/en/business-wire.com/1fe5f956a66aadbf1cae9619b6d40b0a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/of4EfimZVMXQJT7jxmJONA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/1fe5f956a66aadbf1cae9619b6d40b0a","width":480,"height":320}},"lazy":false},{"type":"list","items":[{"val":[{"type":"text","content":"Everli is transforming the online grocery shopping experience in Italy, offering a user-friendly platform that connects consumers with their favorite local retailers for convenient doorstep delivery through their vast network of stores and shoppers","length":248,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":248,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"Everli has signed a Merger Agreement with Melar, a special purpose acquisition company, which values Everli at a pre-money equity value of $180 million and will bring Everli to the U.S. equity markets","length":200,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":200,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"Everli’s leadership team includes Chairman and CEO Salvatore Palella and COO Jonathan Hannestad while Melar’s leadership team includes Chairman and CEO Gautam Ivatury, CFO Edward Lifshitz and COO Eric Lifshitz","length":209,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":209,"olType":false},{"type":"list","items":[{"val":[{"type":"text","content":"Everli aims to build world-class technology, leverage its market position in Italy, expand into new markets and improve profitability to become one of Europe’s leading marketplaces for online groceries","length":201,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":201,"olType":false},{"type":"text","content":"NEW YORK & MILAN, July 31, 2025--(BUSINESS WIRE)--Everli Global Inc. ("Everli" or the "Company"), a major e-grocery platform in Italy, and Melar Acquisition Corp. I ("Melar"), a special purpose acquisition company sponsored by Melar Acquisition Sponsor I LLC, jointly announced today that they have e...