Merlin, Inc. filings document the company’s securities registrations, material-event reports, governance matters, capital structure, and operating disclosures as a public aerospace and defense technology issuer. Registration statements and related disclosures cover common stock, warrants, risk factors, business descriptions, and the company’s autonomous flight software operations.
Merlin’s 8-K filings cover material agreements, shareholder voting matters, SPAC and security-structure disclosures, financing activity, and operating and financial results. Because the company became public through a completed business combination, its filing record also includes disclosure categories tied to SPAC-combination history, public-company governance, and post-combination capital structure.
Merlin, Inc. amendment: Merus Global Investments, LLC filed an Amendment No. 2 to Schedule 13G/A reporting 0 shares of Common Stock, par value $0.0001 and 0.0% beneficial ownership as of the filing. The filing lists the issuer CUSIP 590106100 and is signed on 05/15/2026.
Merlin, Inc. amendment: Merus Global Investments, LLC filed an Amendment No. 2 to Schedule 13G/A reporting 0 shares of Common Stock, par value $0.0001 and 0.0% beneficial ownership as of the filing. The filing lists the issuer CUSIP 590106100 and is signed on 05/15/2026.
MERLIN, INC. ownership disclosure: Alyeska Investment Group, L.P. and related filers report beneficial ownership of 8,342,026 shares of Common Stock, equal to 9.90% of the class, as of March 31, 2026. The reported shares are issuable upon conversion of Series A preferred stock or exercise of warrants.
Per a cited Form 8-K, total Common Stock outstanding was 84,262,886 shares as of March 20, 2026; a 9.9% beneficial ownership limitation on warrants and Series A preferred restricts exercisable/conversionable shares to 8,342,026.
MERLIN, INC. ownership disclosure: Alyeska Investment Group, L.P. and related filers report beneficial ownership of 8,342,026 shares of Common Stock, equal to 9.90% of the class, as of March 31, 2026. The reported shares are issuable upon conversion of Series A preferred stock or exercise of warrants.
Per a cited Form 8-K, total Common Stock outstanding was 84,262,886 shares as of March 20, 2026; a 9.9% beneficial ownership limitation on warrants and Series A preferred restricts exercisable/conversionable shares to 8,342,026.
The Goldman Sachs Group, Inc. filed Amendment No. 2 to a Schedule 13G/A reporting shared beneficial ownership of 146,254 Class A ordinary shares of Merlin, Inc., equal to 0.17% of the class as of 03/31/2026.
The amendment corrects a prior submission that listed an aggregate amount of 0; the filing attributes the shares to Goldman Sachs & Co. LLC and includes a joint filing agreement and parent/subsidiary explanatory exhibits. Signatures are dated 05/15/2026.
The Goldman Sachs Group, Inc. filed Amendment No. 2 to a Schedule 13G/A reporting shared beneficial ownership of 146,254 Class A ordinary shares of Merlin, Inc., equal to 0.17% of the class as of 03/31/2026.
The amendment corrects a prior submission that listed an aggregate amount of 0; the filing attributes the shares to Goldman Sachs & Co. LLC and includes a joint filing agreement and parent/subsidiary explanatory exhibits. Signatures are dated 05/15/2026.
The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC filed an Amendment No. 1 to a Schedule 13G/A reporting ownership in Merlin, Inc. The filing identifies the security as Class A ordinary shares (CUSIP G1169T104) and cites ownership of 5 percent or less of the class. The cover shows voting and dispositive power entries as 0.00 and a percent of class of 0.0% as of 03/31/2026. The filing includes a Joint Filing Agreement and exhibits describing parent/subsidiary relationships among GS Group and Goldman Sachs & Co. LLC. The filing is signed by Abhilasha Bareja as attorney-in-fact on 05/07/2026.
The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC filed an Amendment No. 1 to a Schedule 13G/A reporting ownership in Merlin, Inc. The filing identifies the security as Class A ordinary shares (CUSIP G1169T104) and cites ownership of 5 percent or less of the class. The cover shows voting and dispositive power entries as 0.00 and a percent of class of 0.0% as of 03/31/2026. The filing includes a Joint Filing Agreement and exhibits describing parent/subsidiary relationships among GS Group and Goldman Sachs & Co. LLC. The filing is signed by Abhilasha Bareja as attorney-in-fact on 05/07/2026.
Merlin, Inc. Schedule 13G/A amendment: a group of First Trust entities filed a joint statement reporting beneficial ownership of 0 shares of Merlin Class A Ordinary Shares as of March 31, 2026. The filing states First Trust Capital Management L.P. acts as investment adviser to client accounts with authority to purchase, vote and dispose of securities on their behalf.
Merlin, Inc. Schedule 13G/A amendment: a group of First Trust entities filed a joint statement reporting beneficial ownership of 0 shares of Merlin Class A Ordinary Shares as of March 31, 2026. The filing states First Trust Capital Management L.P. acts as investment adviser to client accounts with authority to purchase, vote and dispose of securities on their behalf.
Merlin, Inc. reports its first post-merger quarter for the period ended March 31, 2026, combining SPAC Inflection Point with autonomous flight developer Legacy Merlin. Revenue was $1,002k, up modestly from $868k, but the company recorded a much larger net loss of $90,419k driven mainly by fair value changes on convertible notes, long-term debt, and warrant liabilities.
Operating expenses rose sharply to $28,825k as Merlin scaled research and development and general and administrative functions. A favorable $2,451k contract loss adjustment and a $26,555k gain from lower warrant liabilities partially offset these costs. Net cash used in operations was $23,644k.
After the SPAC merger and related PIPE financing, Merlin’s balance sheet shows $122,777k in cash and cash equivalents and $145,376k in total assets, against $104,158k in liabilities and a stockholders’ deficit of $139,113k. The company also closed a May 1, 2026 PIPE for an additional $80,000k, and management concludes existing liquidity is sufficient for at least one year despite a cumulative $641,472k accumulated deficit.
Merlin, Inc. reports its first post-merger quarter for the period ended March 31, 2026, combining SPAC Inflection Point with autonomous flight developer Legacy Merlin. Revenue was $1,002k, up modestly from $868k, but the company recorded a much larger net loss of $90,419k driven mainly by fair value changes on convertible notes, long-term debt, and warrant liabilities.
Operating expenses rose sharply to $28,825k as Merlin scaled research and development and general and administrative functions. A favorable $2,451k contract loss adjustment and a $26,555k gain from lower warrant liabilities partially offset these costs. Net cash used in operations was $23,644k.
After the SPAC merger and related PIPE financing, Merlin’s balance sheet shows $122,777k in cash and cash equivalents and $145,376k in total assets, against $104,158k in liabilities and a stockholders’ deficit of $139,113k. The company also closed a May 1, 2026 PIPE for an additional $80,000k, and management concludes existing liquidity is sufficient for at least one year despite a cumulative $641,472k accumulated deficit.
Highbridge Capital Management, LLC filed an amended Schedule 13G/A disclosing its position in Merlin, Inc. common stock (CUSIP 590106100). The filing lists the class as Common Stock, par value $0.0001 per share and reports 0.0% ownership. The amendment is signed by Kirk Rule on 05/15/2026.
Highbridge Capital Management, LLC filed an amended Schedule 13G/A disclosing its position in Merlin, Inc. common stock (CUSIP 590106100). The filing lists the class as Common Stock, par value $0.0001 per share and reports 0.0% ownership. The amendment is signed by Kirk Rule on 05/15/2026.
Merlin, Inc. reported first quarter 2026 results, its first quarter as a public company following the March 16, 2026 business combination with Inflection Point Acquisition Corp. IV. Revenue was $1.0 million for the quarter, up from $0.9 million a year earlier, while the net loss widened sharply to $90.4 million from $12.7 million, driven largely by non-cash fair value changes on convertible promissory notes and long-term debt.
Operating expenses rose significantly as Merlin invested in research and development and general and administrative functions, leading to an operating loss of $27.0 million. Adjusted EBITDA, which excludes stock-based compensation, fair value changes and transaction costs, was a loss of $23.3 million versus a $10.4 million loss a year earlier. After an equity financing closed on May 1, 2026, cash, cash equivalents and short-term investments were approximately $183 million with no debt outstanding.
Strategically, Merlin introduced Condor, its first product family, intended to bring the Merlin Pilot autonomy system to large, multi-crew civil and defense aircraft. The company entered a preliminary, non-binding memorandum of understanding with World Star Aviation Limited to support Condor’s civil cargo deployment and highlighted its C-130J autonomy program, which has more than $100 million in total IDIQ contract ceiling value. Merlin also expanded its leadership team with new Chief Marketing Officer and Chief Revenue Officer appointments.
Merlin, Inc. reported first quarter 2026 results, its first quarter as a public company following the March 16, 2026 business combination with Inflection Point Acquisition Corp. IV. Revenue was $1.0 million for the quarter, up from $0.9 million a year earlier, while the net loss widened sharply to $90.4 million from $12.7 million, driven largely by non-cash fair value changes on convertible promissory notes and long-term debt.
Operating expenses rose significantly as Merlin invested in research and development and general and administrative functions, leading to an operating loss of $27.0 million. Adjusted EBITDA, which excludes stock-based compensation, fair value changes and transaction costs, was a loss of $23.3 million versus a $10.4 million loss a year earlier. After an equity financing closed on May 1, 2026, cash, cash equivalents and short-term investments were approximately $183 million with no debt outstanding.
Strategically, Merlin introduced Condor, its first product family, intended to bring the Merlin Pilot autonomy system to large, multi-crew civil and defense aircraft. The company entered a preliminary, non-binding memorandum of understanding with World Star Aviation Limited to support Condor’s civil cargo deployment and highlighted its C-130J autonomy program, which has more than $100 million in total IDIQ contract ceiling value. Merlin also expanded its leadership team with new Chief Marketing Officer and Chief Revenue Officer appointments.
Merlin, Inc. reported first quarter 2026 results, its first quarter as a public company following the March 16, 2026 business combination with Inflection Point Acquisition Corp. IV. Revenue was $1.0 million for the quarter, up from $0.9 million a year earlier, while the net loss widened sharply to $90.4 million from $12.7 million, driven largely by non-cash fair value changes on convertible promissory notes and long-term debt.
Operating expenses rose significantly as Merlin invested in research and development and general and administrative functions, leading to an operating loss of $27.0 million. Adjusted EBITDA, which excludes stock-based compensation, fair value changes and transaction costs, was a loss of $23.3 million versus a $10.4 million loss a year earlier. After an equity financing closed on May 1, 2026, cash, cash equivalents and short-term investments were approximately $183 million with no debt outstanding.
Strategically, Merlin introduced Condor, its first product family, intended to bring the Merlin Pilot autonomy system to large, multi-crew civil and defense aircraft. The company entered a preliminary, non-binding memorandum of understanding with World Star Aviation Limited to support Condor’s civil cargo deployment and highlighted its C-130J autonomy program, which has more than $100 million in total IDIQ contract ceiling value. Merlin also expanded its leadership team with new Chief Marketing Officer and Chief Revenue Officer appointments.
Merlin, Inc. reported first quarter 2026 results, its first quarter as a public company following the March 16, 2026 business combination with Inflection Point Acquisition Corp. IV. Revenue was $1.0 million for the quarter, up from $0.9 million a year earlier, while the net loss widened sharply to $90.4 million from $12.7 million, driven largely by non-cash fair value changes on convertible promissory notes and long-term debt.
Operating expenses rose significantly as Merlin invested in research and development and general and administrative functions, leading to an operating loss of $27.0 million. Adjusted EBITDA, which excludes stock-based compensation, fair value changes and transaction costs, was a loss of $23.3 million versus a $10.4 million loss a year earlier. After an equity financing closed on May 1, 2026, cash, cash equivalents and short-term investments were approximately $183 million with no debt outstanding.
Strategically, Merlin introduced Condor, its first product family, intended to bring the Merlin Pilot autonomy system to large, multi-crew civil and defense aircraft. The company entered a preliminary, non-binding memorandum of understanding with World Star Aviation Limited to support Condor’s civil cargo deployment and highlighted its C-130J autonomy program, which has more than $100 million in total IDIQ contract ceiling value. Merlin also expanded its leadership team with new Chief Marketing Officer and Chief Revenue Officer appointments.
Merlin, Inc. is registering for resale up to 13,336,000 shares of Common Stock for resale by a Selling Stockholder (consisting of 8,000,000 PIPE Shares and up to 5,336,000 Warrant Shares issuable upon exercise of a PIPE Warrant). The Resale Shares may be sold from time to time at prevailing market or negotiated prices.
The Company will not receive proceeds from the resale of the Resale Shares; however, if the PIPE Warrant is exercised for cash, the Company states it would receive aggregate proceeds of approximately $26.7 million. The PIPE closed for aggregate gross proceeds of $80,000,000 and the prospectus discloses a current PIPE Warrant exercise price of $6.67 per share. The Common Stock trades on Nasdaq under the symbol MRLN; the prospectus shows a closing price of $8.97 on May 5, 2026.