Here are the 10-K annual reports from Inflection Point Acquisition Corp. IV (BACQ) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow BACQ and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BACQ filings page.
Inflection Point Acquisition Corp. IV is a Cayman Islands SPAC that raised $250,000,000 in its IPO by selling 25,000,000 units at $10.00 each, with proceeds held in a U.S. trust account for an eventual business combination.
The company has agreed to a proposed business combination with Merlin Labs, Inc., valuing Merlin at a $800,000,000 purchase price, with consideration in New Merlin Common Stock determined by the per-share redemption price. The structure includes domestication to Delaware, a merger via a wholly owned merger sub, and a post-closing name change to Merlin, Inc.
Supportive financing includes approximately $78 million plus $9.3 million of Merlin pre-funded convertible notes and warrants, and a Series A preferred PIPE totaling $100 million from a lead investor and $20 million from additional investors. Shareholders and Merlin stockholders approved the transaction, and Inflection Point expects to close the business combination on March 16, 2026, after offering public shareholders redemption rights and satisfying regulatory and listing conditions.