MACI · Melar Acquisition Corp. I/Cayman
$10.90
+0.00 (+0.00%)
At close · Jul 20
Going-concern doubt
— flagged May 14, 2026
Substantial doubt about the company's ability to continue as a going concern.
“The working capital deficit and the expectation of significant future costs raise substantial doubt about the Company's ability to continue as a going concern within one year after the date that the accompanying unaudited condensed consolidated financial statements are issued. Additionally, Management has determined that the mandatory liquidation and subsequent dissolution, should the Company be unable to complete a Business Combination by the end of the Combination Period, raises substantial doubt about the Company's ability to continue as a going concern. Management plans to address this uncertainty through the closing of its proposed Business Combination. There is no assurance that the Company's plans to consummate a Business Combination will be successful within the Combination Period.”View the 10-Q filed May 14, 2026
Market Cap
$235.68M
Shares
21.62M
Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.
Holders: 37
Total Value: $173,930,436
Total Shares: 16,149,531
Institutional Ownership Trend
7 quarters
Holder Concentration
Across 37 13F filers · Δ vs Dec 31, 2025Top Holder
9.2%
−0.0 pts
Top 5
41.2%
+0.5 pts
Top 10
66.3%
+0.6 pts
HHI
549
Broadly held+9
Quarterly Activity
vs Dec 31, 2025
New
2
Increased
6
Decreased
7
Sold Out
3
Unchanged
22
Holder count:
-1
Institutional value:
+1.7%
Shares held:
+0.4%
Top Buyers
vs Dec 31, 2025| Institution | Added | Now Holds | Open |
|---|---|---|---|
| Mid MIZUHO SECURITIES USA LLC | +223,453 | 1,250,727 | |
| Small Crossingbridge Advisors, LLC | +143,701 | 355,236 | |
| Mid BERKLEY W R CORP | +130,474 | 998,963 | |
| Large TORONTO DOMINION BANK | +50,414 | 183,612 | |
| Small RiverPark Advisors, LLC | +38,798 | 225,333 |
Top Sellers
vs Dec 31, 2025| Institution | Sold | Now Holds | Open |
|---|---|---|---|
| Mid GLAZER CAPITAL, LLC | −157,689 | 398,589 | |
| Mid Karpus Management, Inc. | −156,650 | 988,505 | |
| Small Periscope Capital Inc. | −58,612 | 125,000 | |
| Small HEIGHTS CAPITAL MANAGEMENT, INC | −17,406 | 34,755 | |
| Small Wealthspring Capital LLC | −7,752 | 447,964 |
Top New Positions
vs Dec 31, 2025| Institution | Acquired | Value (USD) | Open |
|---|---|---|---|
| Small HIGHBRIDGE CAPITAL MANAGEMENT LLC | 288,804 | $3,110,419 | |
| Small RLH Capital LLC | 11 | $118 |
Top Sold-Out Positions
vs Dec 31, 2025| Institution | Previously Held | Last Value (USD) | Open |
|---|---|---|---|
| Mega TWO SIGMA INVESTMENTS, LP | 218,703 | $2,324,812 | |
| Small HGC Investment Management Inc. | 175,000 | $1,860,250 | |
| Small ABC ARBITRAGE SA | 20,000 | $212,600 |
| Holder | Value (USD) | % of 13F | Shares | Type | Discretion | Filed | Open | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Large LMR Partners LLP | $15,993,450 | 9.20% | 1,485,000 | Shares | Sole | 2026-05-15 | ||||
| Mid Polar Asset Management Partners Inc. | $15,993,450 | 9.20% | 1,485,000 | Shares | Sole | 2026-05-15 | ||||
| Mid First Trust Capital Management L.P. | $15,078,000 | 8.67% | 1,400,000 | Shares | Sole | 2026-05-14 | ||||
| Mid MIZUHO SECURITIES USA LLC Broker-Dealer | $13,470,329 | 7.74% | 1,250,727 | Shares | Defined | 2026-05-11 | ||||
| Mid WOLVERINE ASSET MANAGEMENT LLC | $11,057,375 | 6.36% | 1,026,683 | Shares | Defined | 2026-05-04 | ||||
| Mid BERKLEY W R CORP | $10,758,831 | 6.19% | 998,963 | Shares | Sole | 2026-05-15 | ||||
| Mid AQR Arbitrage LLC | $10,732,294 | 6.17% | 996,499 | Shares | Defined | 2026-05-15 | ||||
| Mid Karpus Management, Inc. | $10,646,198 | 6.12% | 988,505 | Shares | Sole | 2026-05-14 | ||||
| Mega D. E. Shaw & Co., Inc. | $6,207,052 | 3.57% | 576,328 | Shares | Defined | 2026-05-15 | ||||
| Small Cable Car Capital, LP | $5,304,225 | 3.05% | 492,500 | Shares | Sole | 2026-05-15 | ||||
| Small Wealthspring Capital LLC | $4,824,572 | 2.77% | 447,964 | Shares | Sole | 2026-05-04 | ||||
| Small Radcliffe Capital Management, L.P. | $4,598,133 | 2.64% | 426,939 | Shares | Sole | 2026-05-15 | ||||
| Mid Westchester Capital Management, LLC | $4,574,093 | 2.63% | 424,707 | Shares | Other | 2026-05-15 | ||||
| Mid GLAZER CAPITAL, LLC | $4,292,803 | 2.47% | 398,589 | Shares | Sole | 2026-05-14 | ||||
| Mid Magnetar Financial LLC | $3,998,362 | 2.30% | 371,250 | Shares | Sole | 2026-05-13 | ||||
| Small Crossingbridge Advisors, LLC | $3,825,891 | 2.20% | 355,236 | Shares | Sole | 2026-05-14 | ||||
| Small L1 Global Manager Pty Ltd | $3,607,950 | 2.07% | 335,000 | Shares | Sole | 2026-05-15 | ||||
| Large Hudson Bay Capital Management LP | $3,500,250 | 2.01% | 325,000 | Shares | Sole | 2026-05-13 | ||||
| Mid PICTON MAHONEY ASSET MANAGEMENT | $3,500,250 | 2.01% | 325,000 | Shares | Sole | 2026-05-13 | ||||
| Mid Alberta Investment Management Corp | $3,500,250 | 2.01% | 325,000 | Shares | Sole | 2026-04-29 | ||||
| Mega GOLDMAN SACHS GROUP INC | $3,223,794 | 1.85% | 299,331 | Shares | Defined | 2026-05-15 | ||||
| Mid RIVERNORTH CAPITAL MANAGEMENT, LLC | $3,221,737 | 1.85% | 299,140 | Shares | Sole | 2026-05-15 | ||||
| Small HIGHBRIDGE CAPITAL MANAGEMENT LLC | $3,110,419 | 1.79% | 288,804 | Shares | Sole | 2026-05-15 | ||||
| Small RiverPark Advisors, LLC | $2,426,836 | 1.40% | 225,333 | Shares | Other | 2026-05-14 | ||||
| Large TORONTO DOMINION BANK Bank | $1,977,501 | 1.14% | 183,612 | Shares | Defined | 2026-05-15 | ||||
| Small Periscope Capital Inc. | $1,346,250 | 0.77% | 125,000 | Shares | Sole | 2026-05-14 | ||||
| Small DELTEC ASSET MANAGEMENT LLC | $1,077,000 | 0.62% | 100,000 | Shares | Sole | 2026-04-24 | ||||
| Mid MOORE CAPITAL MANAGEMENT, LP | $807,750 | 0.46% | 75,000 | Shares | Sole | 2026-05-15 | ||||
| Mid Dakota Wealth Management | $403,875 | 0.23% | 37,500 | Shares | Defined | 2026-05-07 | ||||
| Small HEIGHTS CAPITAL MANAGEMENT, INC | $374,311 | 0.22% | 34,755 | Shares | Other | 2026-05-15 | ||||
| Mega GEODE CAPITAL MANAGEMENT, LLC | $220,935 | 0.13% | 20,514 | Shares | Defined | 2026-05-15 | ||||
| Micro Tuttle Capital Management, LLC | $161,550 | 0.09% | 15,000 | Shares | Sole | 2026-05-04 | ||||
| Large HRT FINANCIAL LP | $107,700 | 0.06% | 10,000 | Shares | Defined | 2026-05-14 | ||||
| Small LONGFELLOW INVESTMENT MANAGEMENT CO LLC | $5,923 | 0.00% | 550 | Shares | Sole | 2026-05-12 | ||||
| Mega MORGAN STANLEY | $861 | 0.00% | 80 | Shares | Defined | 2026-05-15 | ||||
| Small RLH Capital LLC | $118 | 0.00% | 11 | Shares | Defined | 2026-04-29 | ||||
| Small Quarry LP | $118 | 0.00% | 11 | Shares | Other | 2026-05-15 | ||||
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