Melar Acquisition Q2 FY26 net income falls to $720,170 from year-ago $1.56 million

Reuters2026/08/13 21:19

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

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: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Melar Acquisition Corp. I published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-089243), on August 13, 2026, and is solely responsible for the information contained therein.

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.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Melar Acquisition Q2 FY26 net income falls to $720,170 from year-ago $1.56 million

You may also like

Crypto prices