Everli Global Inc., an Italian e-grocery marketplace and delivery platform, has moved closer to becoming a Nasdaq-listed company after U.S. regulators cleared a central registration filing. The company and Melar Acquisition Corp. I (Nasdaq: MACI) announced that the Securities and Exchange Commission declared the Form S-4 registration statement effective, a milestone in their proposed business combination. Once completed, the combined company is expected to operate as Everli Global Holdings Inc. and list its Class A common stock under the ticker EVRL.
Business Combination and Listing Structure
The SEC declared the registration statement effective on October 2, 2026, allowing the transaction process to advance toward a shareholder vote. Under the proposed structure, Melar will domesticate from the Cayman Islands to the State of Nevada, and a Melar subsidiary will merge with and into Everli. Everli would survive as a wholly owned subsidiary of the newly named Everli Global Holdings Inc.
The combined company's Class A common stock is expected to trade on Nasdaq under the ticker symbol EVRL, while its warrants are expected to trade under the ticker symbol EVRLW. This planned listing would position the Italian company among publicly traded e-grocery and delivery platforms with access to global capital markets. The transaction remains subject to shareholder approval at the upcoming meeting and the satisfaction or waiver of other customary closing conditions.
Shareholder Vote and Redemption Deadlines
Melar will hold an Extraordinary General Meeting on October 22, 2026 at 8:00 a.m. Eastern Time at the offices of Ellenoff Grossman & Schole LLP in New York. Shareholders of record as of the close of business on September 28, 2026, will be entitled to vote on the business combination and related proposals. Melar's board of directors unanimously recommends that shareholders vote in favor of each proposal.
Shareholders who wish to exercise redemption rights must submit requests to Continental Stock Transfer & Trust Company by 5:00 p.m. Eastern Time on October 20, 2026, two business days before the meeting. Melar has engaged Advantage Proxy, Inc. as its proxy solicitor to assist shareholders with voting questions. If the proposals are approved, the parties expect to close the business combination shortly after the Extraordinary General Meeting.
Operating Model and Market Position
Founded in 2014, Everli operates an asset-light marketplace that connects consumers with their preferred grocery retailers through an online platform. The company relies on a network of more than 1,000 weekly active independent shoppers who select, purchase, and deliver each order end to end. For retailers, the model offers a fully outsourced e-commerce channel built on existing stores with minimal operational change.
In fiscal year 2025, Everli processed hundreds of thousands of orders and reported more than US$70 million in gross transaction value. The company has handled over 700,000 orders, reflecting the scale of its Italian grocery delivery network. Chief Executive Officer Salvatore Palella described the regulatory milestone as a defining moment for Everli and for online grocery in Italy.
Executive Commentary and Strategic Outlook
Palella thanked retail and brand partners, shoppers, employees, the Melar team, and the stockholders and investors who supported the company. He also credited Palella Holdings for its dedication and expertise in helping exceptional Italian companies access global markets. In his view, the step toward Nasdaq represents a broader mission to bring Italian innovation to the international stage.
The SEC's effectiveness decision and the scheduled shareholder vote represent critical final steps before Everli can complete its Nasdaq listing. If approved, the business combination would allow Everli to operate as a U.S.-listed company under Everli Global Holdings Inc. Shareholders and other interested parties are encouraged to review the definitive proxy statement and prospectus available on the SEC website.