Melar Acquisition Corp. I/Cayman
MACINasdaqIndustrials · Services-Business Services, NEC · E9 · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | |
|---|---|---|
| Revenue | — | — |
| Operating income | −$1.5M | −$367,764 |
| Net income | $5.5M | $4.2M |
| Total assets | $175.3M | $165.5M |
| Total liabilities | $10.9M | $6.6M |
| Equity | −$7.0M | $0 |
| EPS (diluted) | — | — |
| Shares out. | — | — |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- —
- Net margin
- —
- Return on equity
- −79.3%
- Return on assets
- 3.2%
- Return on capital (ROCE)
- −0.9%
- Liabilities / assets
- 6.2%
- Debt / equity
- —
- Book value / share
- —
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- 31.6%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -0.87distress
- Accruals / assets
- 3.6%clean
- Piotroski F-Score
- 2/6weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 1 warning● 2 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Negative operating cash flow
- Conservative leverage (liabilities < 50% of assets)
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Mizuho Financial Group IncPassive (13G)May 14, 2026
- Barclays PlcPassive (13G)May 14, 2026
- Karpus Management, Inc.Passive (13G)Apr 7, 2026
- Berkley W R CorpPassive (13G)Feb 11, 2026
- Bank Of Montreal /Can/Passive (13G)Jan 8, 2026
- Wolverine Asset Management LlcPassive (13G)Oct 10, 2025
- Meteora Capital, LlcPassive (13G)Aug 14, 2025
- First Trust Capital Management L.P.Passive (13G)Aug 7, 2025
- Goldman Sachs Group IncPassive (13G)May 9, 2025
- Highbridge Capital Management LlcPassive (13G)Apr 25, 2025
- Melar Acquisition Sponsor I LlcPassive (13G)Feb 13, 2025
- K2 Principal Fund, L.P.Passive (13G)Feb 11, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 570 | 1.0 | +35.4% |
| Apr 30, 2026 | 421 | 1.0 | -65.0% |
| Apr 15, 2026 | 1,202 | 1.2 | -18.3% |
| Mar 31, 2026 | 1,472 | 1.0 | -31.3% |
| Mar 13, 2026 | 2,144 | 1.0 | +29.2% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Entered a material agreementMay 14, 2026
- Other material eventMay 8, 2026
- Entered a material agreement · New financial obligationApr 2, 2026
- Other material eventJan 29, 2026
- Entered a material agreementDec 8, 2025
- Other material eventOct 24, 2025
- Entered a material agreement · New financial obligationOct 3, 2025
- Entered a material agreement · New financial obligationSep 18, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- DEF 14ADEFINITIVE PROXY STATEMENTMay 15, 2026
- SCHEDULE 13G/AMay 14, 2026
- 10-QQUARTERLY REPORTMay 14, 2026
- 425CURRENT REPORTMay 14, 2026
- 8-KCURRENT REPORTMay 14, 2026
- SCHEDULE 13G/AMay 14, 2026
- 8-KCURRENT REPORTMay 8, 2026
- PRE 14APRELIMINARY PROXY STATEMENTMay 5, 2026
- SCHEDULE 13G/AApr 7, 2026
- 425CURRENT REPORTApr 2, 2026
- 8-KCURRENT REPORTApr 2, 2026
- 10-KANNUAL REPORTMar 9, 2026
- SCHEDULE 13GFeb 11, 2026
- 425CURRENT REPORTJan 29, 2026
- 8-KCURRENT REPORTJan 29, 2026