Everli, Italian E-Grocery Marketplace, Signs $180M Business Combination with Melar Acquisition Corp.

Everli, an Italian e-grocery marketplace, has signed a $180 million business combination with Melar Acquisition Corp. to go public. Everli's platform connects consumers with local retailers for doorstep delivery through a network of stores and shoppers. The deal values Everli at a pre-money equity value of $180 million and brings the company to the US equity markets. Everli's leadership team includes Chairman and CEO Salvatore Palella and COO Jonathan Hannestad.

Everli, a prominent Italian e-grocery marketplace, has entered into a definitive Merger Agreement with Melar Acquisition Corp. I, a special purpose acquisition company (SPAC), to facilitate the company's listing on the Nasdaq stock market. The deal values Everli at a pre-money equity value of $180 million and is expected to close in the fourth quarter of 2025 or early 2026 [1].

Everli's platform connects consumers with their favorite local grocery retailers for convenient doorstep delivery through a network of stores and shoppers. The company has secured partnerships with 12 of the 13 top retailers in Italy, positioning itself as a leading e-grocery technology and fulfillment partner. Everli's fully integrated logistics model allows retailers to launch and scale online grocery operations without additional infrastructure, staffing, or operational changes [1].

The Italian e-grocery market is projected to grow to $12 billion by 2030, offering Everli significant opportunities for organic growth and increased market share. The company's logistics technology maintains high efficiency across the entire order lifecycle, with daily updates to product supply and prices from direct integration with retailers' inventory management systems [1].

Everli's leadership team includes Chairman and CEO Salvatore Palella and COO Jonathan Hannestad, who are dedicated to expanding the company's reach and improving profitability. "Partnering with Melar marks an exciting new chapter for Everli," said Palella. "This transaction positions us to accelerate our growth, expand our reach, and continue delivering on our mission to expand grocery delivery throughout Europe" [1].

Melar Acquisition Corp. I is sponsored by Melar Acquisition Sponsor I LLC and incorporated under the laws of the Cayman Islands. The merger will result in the formation of Everli Global Holdings Inc., with Everli continuing as the surviving entity and a wholly-owned subsidiary of Melar. The combined company will seek to list on the Nasdaq under the ticker symbol "EVRL" [1].

The Merger Agreement is subject to satisfaction of the conditions outlined in the agreement, including equity holder approval and other customary conditions. For more information about the Proposed Transaction, interested parties can refer to the Current Report on Form 8-K filed by Melar with the Securities and Exchange Commission (SEC) [1].

References:
[1] https://www.stocktitan.net/news/MACIU/everli-a-major-italian-e-grocery-marketplace-signs-agreement-to-go-gnp99tx1igel.html