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

Visualizing historical and potential share dilution over time

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Dilution Analysis

Medium Risk

Moderate dilution risk

Last updated: November 14, 2025

Risk Assessment Details

Potential Dilution: 355.77% of current shares

Recent Dilution: 0% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

5.6M

Potential Supply

20M

Additional shares possible

Splits

None

Past 2 years

Summary

MACI currently has 5.62M outstanding shares. with significant dilution risk as 20M authorized shares could dilute existing holders by 355.8%. The company has not diluted shareholders through share issuances in the past 2 years, which is positive for existing holders.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding	Supply
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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