Melar Acquisition Sponsor I LLC - 24 Jul 2024 Form 4 Insider Report for Melar Acquisition Corp. I/Cayman (MACI)

Role: 10%+ Owner
Signature: /s/ Gautam Ivatury, as Managing Member of Eco Crown Global LLC, as Managing Member of Melar Acquisition Sponsor I LLC
Issuer symbol: MACI
Transactions as of: 24 Jul 2024
Net transactions value: $0
Form type: 4
Filing time: 25 Jul 2024, 17:10:10 UTC
Previous filing: 17 Jun 2024
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MACI	Class B Ordinary Shares	Other	$0	-439,189	-7.2%	$0.000000	5,621,622	24 Jul 2024	Class A Ordinary Shares	439,189		Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
F2	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.
F3	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.