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. ownership filings show Ayrton Capital LLC, Alto Opportunity Master Fund, SPC - Segregated Master Portfolio B, and Waqas Khatri each report beneficial ownership of 2,029,440 shares of Common Stock issuable upon exercise of warrants and conversion of convertible preferred equity. These holdings represent 7.39% of the Issuer's Class A common stock based on 25,425,000 shares outstanding as of March 11, 2026. The issuable shares are subject to a 9.99% beneficial ownership blocker. The reporting persons state that Ayrton Capital serves as investment manager to the Fund and that Waqas Khatri is the managing member of the Investment Manager; holdings are reported as of March 31, 2026.
Merlin, Inc. ownership filings show Ayrton Capital LLC, Alto Opportunity Master Fund, SPC - Segregated Master Portfolio B, and Waqas Khatri each report beneficial ownership of 2,029,440 shares of Common Stock issuable upon exercise of warrants and conversion of convertible preferred equity. These holdings represent 7.39% of the Issuer's Class A common stock based on 25,425,000 shares outstanding as of March 11, 2026. The issuable shares are subject to a 9.99% beneficial ownership blocker. The reporting persons state that Ayrton Capital serves as investment manager to the Fund and that Waqas Khatri is the managing member of the Investment Manager; holdings are reported as of March 31, 2026.
Quiet Capital Management, LLC filed an initial ownership report for Merlin, Inc., showing indirect holdings of 12,896,007 shares of Common Stock through Quiet ML, Quiet Venture I and Quiet Venture II funds. Quiet Capital’s investment committee exercises voting and investment discretion but disclaims beneficial ownership except for its pecuniary interest.
The filing also lists Series A Warrants and 12.0% Series A Cumulative Convertible Preferred Stock, each convertible into Common Stock at a $6.67 price. Footnotes state these prices were automatically adjusted from $12 in connection with a PIPE transaction on May 1, 2026. The Series A Warrants cover 479,343 underlying Common shares and expire on March 16, 2031, while the Series A Preferred Stock corresponds to 464,534 underlying Common shares and has no expiration date.
Quiet Capital Management, LLC filed an initial ownership report for Merlin, Inc., showing indirect holdings of 12,896,007 shares of Common Stock through Quiet ML, Quiet Venture I and Quiet Venture II funds. Quiet Capital’s investment committee exercises voting and investment discretion but disclaims beneficial ownership except for its pecuniary interest.
The filing also lists Series A Warrants and 12.0% Series A Cumulative Convertible Preferred Stock, each convertible into Common Stock at a $6.67 price. Footnotes state these prices were automatically adjusted from $12 in connection with a PIPE transaction on May 1, 2026. The Series A Warrants cover 479,343 underlying Common shares and expire on March 16, 2031, while the Series A Preferred Stock corresponds to 464,534 underlying Common shares and has no expiration date.
Merlin, Inc. ownership update: Quiet Capital Management, LLC reported beneficial ownership of 13,839,884 shares of Common Stock, representing 16.24% of the class.
The filing breaks the position into 12,896,007 direct common shares, 464,534 shares issuable on conversion of 12.0% Series A Preferred Stock, and 479,343 shares issuable upon exercise of Series A Warrants. The percent is calculated using 84,262,886 shares outstanding as of March 16, 2026.
Merlin, Inc. ownership update: Quiet Capital Management, LLC reported beneficial ownership of 13,839,884 shares of Common Stock, representing 16.24% of the class.
The filing breaks the position into 12,896,007 direct common shares, 464,534 shares issuable on conversion of 12.0% Series A Preferred Stock, and 479,343 shares issuable upon exercise of Series A Warrants. The percent is calculated using 84,262,886 shares outstanding as of March 16, 2026.
Merlin, Inc. is registering up to 13,336,000 shares of common stock for secondary resale by a single selling stockholder. The shares consist of 8,000,000 PIPE Shares already issued and up to 5,336,000 Warrant Shares issuable upon exercise of a PIPE Warrant.
This is a resale registration, so Merlin will not receive any proceeds from stockholder sales. It would receive cash only if the PIPE Warrant is exercised for cash, which could total about $26.7 million. The PIPE Warrant currently carries a $6.67 exercise price per share and expires in 2031.
The registered shares equal roughly 13.5% of Merlin’s common stock on a fully assumed basis, and management warns that actual or anticipated sales could increase share-price volatility or pressure the stock. Merlin’s common stock trades on Nasdaq under “MRLN,” and closed at $8.97 on May 5, 2026. The company is an emerging growth and smaller reporting company developing autonomous flight technology.
Merlin, Inc. is registering up to 13,336,000 shares of common stock for secondary resale by a single selling stockholder. The shares consist of 8,000,000 PIPE Shares already issued and up to 5,336,000 Warrant Shares issuable upon exercise of a PIPE Warrant.
This is a resale registration, so Merlin will not receive any proceeds from stockholder sales. It would receive cash only if the PIPE Warrant is exercised for cash, which could total about $26.7 million. The PIPE Warrant currently carries a $6.67 exercise price per share and expires in 2031.
The registered shares equal roughly 13.5% of Merlin’s common stock on a fully assumed basis, and management warns that actual or anticipated sales could increase share-price volatility or pressure the stock. Merlin’s common stock trades on Nasdaq under “MRLN,” and closed at $8.97 on May 5, 2026. The company is an emerging growth and smaller reporting company developing autonomous flight technology.
Merlin, Inc. entered a securities purchase agreement for a private placement of 8 million common shares at $10.00 per share and warrants for 4 million additional shares, raising aggregate gross proceeds of approximately $80 million. Closing is expected on or about May 1, 2026, subject to customary conditions. Management plans to use the cash to advance Merlin’s autonomous flight platform, fund regulatory approval work, increase program capacity, and support existing and new customer contracts. An amended and restated registration rights agreement requires Merlin to file a resale registration statement for the new shares and warrant shares, and the issuance will trigger anti-dilution adjustments to its 12.0% Series A preferred stock and certain existing warrants.
Merlin, Inc. entered a securities purchase agreement for a private placement of 8 million common shares at $10.00 per share and warrants for 4 million additional shares, raising aggregate gross proceeds of approximately $80 million. Closing is expected on or about May 1, 2026, subject to customary conditions. Management plans to use the cash to advance Merlin’s autonomous flight platform, fund regulatory approval work, increase program capacity, and support existing and new customer contracts. An amended and restated registration rights agreement requires Merlin to file a resale registration statement for the new shares and warrant shares, and the issuance will trigger anti-dilution adjustments to its 12.0% Series A preferred stock and certain existing warrants.
Merlin, Inc. registers up to 66,813,783 shares of Common Stock to be issued by the company and up to 157,700,431 shares of Common Stock for resale by selling securityholders (including up to 736,744 shares of Series A Preferred Stock and 760,232 Series A Warrants).
This prospectus covers primary issuances (conversion of Series A Preferred Stock, exercise of Series A Warrants, advisor and option issuances) and resale registration rights for selling securityholders to sell their Resale Securities from time to time. The company will receive proceeds only from any cash exercise of Series A Warrants; aggregate cash proceeds if all Series A Warrants were exercised for cash were estimated at $253.9 million in the prospectus.
Merlin, Inc. is registering a primary offering of 66,813,783 shares of common stock alongside a secondary resale of 157,700,431 common shares, plus 736,744 Series A Preferred shares and 760,232 Series A Warrants. The primary shares include stock issuable from converting 21,711,872 shares of 12.0% Series A Preferred Stock, exercising Series A Warrants and options, and issuing shares to advisers. The resale shares represent about 65.1% of Merlin’s fully diluted common stock, creating substantial potential selling pressure once lock-ups expire. Merlin receives no proceeds from resales but could raise about $253.9 million if all Series A Warrants are exercised for cash at $12.00 per share; this depends on the stock trading above the exercise price. Merlin reported 2025 revenue of $7.55 million and a net loss of $74.78 million and remains an early-stage, loss-making autonomous flight technology company focused on its Merlin Pilot system.
Merlin, Inc. is registering a primary offering of 66,813,783 shares of common stock alongside a secondary resale of 157,700,431 common shares, plus 736,744 Series A Preferred shares and 760,232 Series A Warrants. The primary shares include stock issuable from converting 21,711,872 shares of 12.0% Series A Preferred Stock, exercising Series A Warrants and options, and issuing shares to advisers. The resale shares represent about 65.1% of Merlin’s fully diluted common stock, creating substantial potential selling pressure once lock-ups expire. Merlin receives no proceeds from resales but could raise about $253.9 million if all Series A Warrants are exercised for cash at $12.00 per share; this depends on the stock trading above the exercise price. Merlin reported 2025 revenue of $7.55 million and a net loss of $74.78 million and remains an early-stage, loss-making autonomous flight technology company focused on its Merlin Pilot system.
Merlin, Inc. insider Brunner Mark Rawlins, identified as the company’s Chief Revenue Officer, filed a Form 3 regarding the company’s stock. The filing lists him as an officer but shows no reported buy, sell, or other share transactions.
Merlin, Inc. insider Brunner Mark Rawlins, identified as the company’s Chief Revenue Officer, filed a Form 3 regarding the company’s stock. The filing lists him as an officer but shows no reported buy, sell, or other share transactions.
Merlin, Inc. files an amendment to its Schedule 13D to update beneficial ownership disclosures for Bleichroeder Sponsor 1 LLC, Andrew Gundlach, and Michel Combes, showing 8,800,833 shares equal to 10.4% of common stock.
The amendment explains the post‑business combination share conversions: each former Class B and Class A ordinary share converted one‑for‑one into common stock, and the Sponsor's 425,000 rights converted into 42,500 shares. The filing states Mr. Gundlach resigned as Executive Chairman and the Reporting Persons no longer have board representation.
Merlin, Inc. files an amendment to its Schedule 13D to update beneficial ownership disclosures for Bleichroeder Sponsor 1 LLC, Andrew Gundlach, and Michel Combes, showing 8,800,833 shares equal to 10.4% of common stock.
The amendment explains the post‑business combination share conversions: each former Class B and Class A ordinary share converted one‑for‑one into common stock, and the Sponsor's 425,000 rights converted into 42,500 shares. The filing states Mr. Gundlach resigned as Executive Chairman and the Reporting Persons no longer have board representation.