Melar Acquisition Q2 FY26 net income falls to $720,170 from year-ago $1.56 million
Reuters2026/08/13 21:19- Melar Acquisition posted Q2 net income of USD 720,170, down 53.72% from USD 1.56 million a year earlier.
- Interest and dividend income from the trust account fell 23.61% to USD 1.37 million, while general and administrative costs jumped to USD 628,701 from USD 233,288.
- First-half net income dropped 52.24% to USD 1.5 million, as trust-account interest and dividends declined to USD 2.88 million from USD 3.52 million.
- Trust assets slid to USD 42.87 million at June 30 from USD 171.41 million at year-end, following USD 131.5 million of shareholder redemptions.
- The SPAC extended its deal deadline to Dec. 20, 2026, while Everli deposited USD 78,478 to push the current extension to Aug. 20, 2026.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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