Lifshitz Eric 4

What Happened

• Melar Acquisition Sponsor I LLC, a 10% owner of Melar Acquisition Corp. I (MACI), converted 5,621,621 Class B ordinary shares into 5,621,621 Class A ordinary shares on June 11, 2026. The conversion is one-for-one, required no cash payment, and is reported as an acquisition of Class A shares and a disposition of the derivative Class B shares (reported disposal price $0.00).

Key Details

• Transaction date: 2026-06-11.
• Transaction type: Conversion of derivative security (Class B → Class A); reported as both an acquisition and a derivative disposal.
• Shares converted: 5,621,621 shares (one-for-one).
• Price / cash: No cash exchanged; disposal reported at $0.00 and acquisition reported as N/A.
• Shares owned after transaction: Not specified in this filing.
• Footnote F1: Confirms Class B shares are convertible into Class A one-for-one, with no expiration and no additional consideration.
• Footnote F2: Notes Eco Crown Global LLC and Melar Capital SPAC Sponsor I LLC are managing members of the Sponsor; Gautam Ivatury (CEO/Chair) and Eric Lifshitz (COO/director) may be deemed to have beneficial ownership through those entities but disclaim ownership except to their pecuniary interest.
• Filing timeliness: Reported and filed on the same date (2026-06-11); not indicated as late.

Context

• This was a structural conversion of share classes (derivative conversion), not an open-market purchase or sale — it does not in itself signal buying or selling into the market. Because the Sponsor is a 10% holder (an institutional entity), this is an internal capitalization change; the named executives are disclosed as potential beneficial owners via managing-member relationships but disclaim broader ownership.