Merlin Completes SPAC Merger, Autonomous Flight on NASDAQ

Boston, Mass. - Merlin, Inc., an aerospace and defense technology company, announced the closing of its business combination with Inflection Point Acquisition Corp. IV, a SPAC led and backed by Inflection Point Asset Management. The combined company will begin trading on the NASDAQ under the ticker symbol "MRLN" on March 17, 2026.

The business combination was approved by Inflection Point Acquisition Corp. IV stockholders in a special meeting held on March 12, 2026, and formally closed on March 16, 2026. This transaction provides approximately $200 million in gross proceeds, including a fully committed Private Investment in Public Equity (PIPE) anchored by Inflection Point, existing Merlin investors such as Baillie Gifford, and several new institutional investors. The deal values Merlin at $800 million pre-money, significantly strengthening the company's balance sheet as a leading defense prime contractor for AI-powered autonomous aviation.

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