Melar Acquisition shares jump after filing details Everli Global deal
Melar Acquisition shareholders approved a combination with Everli Global. A filing with the SEC shows the stock rose 73% after the bell, to $19.00.
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what happened
Shareholders of Melar Acquisition Corp. approved the proposed business combination with Everli Global, the company said in a filing with the Securities and Exchange Commission. The vote took place at a shareholder meeting on Thursday, and the company published the result that same day after the market closed.
According to Dow Jones Newswires, Melar shares rose 73% after hours, to $19.00. The stock had closed down 3.2% at $11.00 and was up 3.5% so far this year.
why it matters
Melar Acquisition is a special purpose acquisition company (SPAC), set up to merge with a private firm and take it public. Such deals often cause sharp moves in SPAC shares, but this news mainly concerns the company itself and its shareholders.
tags
instruments
sources
- Melar Acquisition's Shares Soar After Detailing Everli Global Deal in Filing — Dow Jones Newswires, 23 October 2026 at 21:55 UTC
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