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Everli to Merge With Melar SPAC in $313 Million Deal

lite News Desk 2 min read

At a glance

  • Everli and Melar Acquisition Corp. I agreed to merge at a $313 million valuation.
  • Everli shareholders will roll over $180 million of equity into the new entity.
  • The deal includes $30 million PIPE and $10 million bridge financing.

Everli, an online grocery marketplace based in Italy, has entered into a merger agreement with Melar Acquisition Corp. I, a publicly traded special purpose acquisition company (SPAC), resulting in a combined valuation of $313 million.

The merger agreement was signed on July 30, 2025, and set Everli’s pre-money equity value at $180 million. The transaction is designed to take Everli public through the combination with Melar.

According to the terms of the agreement, Everli’s current shareholders are set to receive Melar common stock valued at $10.00 per share. The arrangement also includes super-voting Class B shares, which are scheduled to expire 12 years after the deal closes.

The transaction includes a $30 million private investment in public equity (PIPE) and $10 million in bridge financing. These measures are expected to provide approximately $69.2 million in net cash to the combined company.

What the numbers show

  • Everli processed 776,900 orders in fiscal 2025.
  • The platform reported a gross merchandise value of $77.94 million for fiscal 2025.
  • Net revenue for fiscal 2025 was $16.68 million.
  • The average order value reached $101.72.

Everli’s business operates on an asset-light model, utilizing crowdsourced personal shoppers to fulfill customer orders. The company partners with 95 retailers and covers more than 89% of Italy’s modern grocery retail market.

Existing shareholders of Everli will roll over $180 million of equity into the newly formed entity. This step is part of the broader financial structure supporting the merger.

Melar Acquisition Corp. I has submitted a draft registration statement on Form S-4 to the U.S. Securities and Exchange Commission as part of the regulatory process for the proposed business combination.

The merger is structured to provide Everli with additional capital through the PIPE and bridge financing, supporting its continued operations and growth as a public company.

* This article is based on publicly available information at the time of writing.

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