Melar Acquisition Corp. I/Cayman (MACI) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: June 11, 2026

Risk Assessment Details

Potential Dilution: 92.5% of current shares
Recent Dilution: 284.62% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
22M
Potential Supply
20M
Additional shares possible
Splits
None
Past 2 years

Summary

MACI currently has 21.6M outstanding shares. with significant dilution risk as 20M authorized shares could dilute existing holders by 92.5%. The company has significantly diluted shareholders by 284.62% over the past 2 years, indicating aggressive capital raising.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Jun 11, 2026

8-K filing: Melar Acquisition Corp. I issued a promissory note to its sponsor and completed the conversion of 5,621,621 Class B ordinary shares into Class A ordinary shares.

22M 20M
Nov 14, 2025

10-Q filing | 5.6M shares outstanding

5.6M 20M
May 15, 2025

10-Q filing | 5.6M shares outstanding

5.6M 20M
Mar 21, 2025

10-K filing | 5.6M shares outstanding

5.6M 20M
Nov 12, 2024

10-Q filing | 5.6M shares outstanding

5.6M 20M
Aug 14, 2024

10-Q filing | 6.1M shares outstanding

6.1M 20M
Jun 10, 2024

S-1/A filing: Initial public offering of units, each consisting of one Class A ordinary share and one-half of one redeemable warrant, along with a concurrent private placement of warrants.

6.1M 20M
May 31, 2024

S-1 filing: Melar Acquisition Corp. I is offering 15,000,000 units at $10.00 per unit, each unit consisting of one Class A ordinary share and one-half of one redeemable warrant.

6.1M 20M
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