Welcome to our dedicated page for Merlin news (Ticker: MRLN), a resource for investors and traders seeking the latest updates and insights on Merlin stock.
Merlin, Inc. reports company developments tied to autonomous flight software, the Merlin Pilot system, defense and civil aviation programs, and customer or partner arrangements. News items also cover business performance presentations, program execution, regulatory approval activities, and the company’s transition into public-company operations following its completed business combination.
Recurring Merlin news includes governance updates, executive appointments, capital actions such as PIPE financing, common-stock and warrant issuances, and agreements intended to expand autonomy opportunities across aviation operators and mission profiles.
Marlin Business Services Corp. (NASDAQ: MRLN) announced a definitive agreement for HPS Investment Partners LLC to acquire all outstanding shares at $23.50 each, a 65% premium over the April 16 closing price of $14.24. The deal values Marlin at approximately $200 million and is expected to close in Q1 2022, pending regulatory and shareholder approvals. Following the acquisition, Marlin will become a privately held entity, ceasing its operations as a bank. This transaction reflects Marlin's value post-pandemic transformation, aiming to maximize shareholder returns.
Marlin Business Services Corp. (NASDAQ: MRLN) reported a strong fourth quarter, achieving net income of $15.3 million ($1.28 per diluted share), significantly up from $8.4 million ($0.69) a year ago. Despite the challenges of 2020, total stockholders’ equity rose to $196.4 million, and the company declared a $0.14 quarterly dividend payable on February 18, 2021. Total sourced origination volume increased to $84.1 million, yet it's down 64.5% year-over-year. The allowance for credit losses stood at $44.2 million, reflecting a strong capital position with a total risk-based capital ratio of 24.04%.
Marlin Business Services Corp. (NASDAQ: MRLN) will release its fourth quarter and full year 2020 financial results on January 28, 2021, after market close. A conference call to discuss the results is scheduled for January 29, 2021, at 9:00 a.m. ET. Interested parties can participate through a dial-in number or via webcast. Marlin aims to provide capital solutions to small businesses, focusing on helping them achieve their goals. For more details about the conference call and Marlin's mission, visit their website.
Marlin Business Services Corp. (MRLN) reported a net income of $2.7 million, or $0.23 per diluted share, showing recovery from a $5.9 million loss last quarter. The company ended Q3 with $182.4 million in stockholders' equity and a book value of $15.23 per share. However, total sourced origination volume significantly declined by 66% year-over-year to $68.5 million. The company declared a $0.14 dividend, payable on November 19, 2020.
Marlin Business Services Corp. (NASDAQ: MRLN) will announce its third quarter 2020 financial results on October 29, 2020, after market close. A conference call to discuss these results is scheduled for October 30, 2020, at 9:00 a.m. ET. Investors can participate by dialing in or through a webcast. Marlin is dedicated to providing capital solutions to small businesses, helping them achieve their goals. For more information, visit their website or contact their investor relations team.
Marlin Business Services Corp. (NASDAQ: MRLN) will announce its second quarter 2020 financial results on July 30, 2020, after market close. A conference call to discuss these results is scheduled for July 31, 2020, at 9:00 a.m. ET. Interested parties can join via dial-in or webcast. The replay will be available for two weeks after the call. Marlin specializes in providing capital solutions to small businesses, aiming to help them achieve their goals.