Merlin Labs and Inflection Point IV Upsize PIPE to $200M+

Boston, Mass. - November 17, 2025 - Merlin Labs, Inc., a leading developer of assured, autonomous flight technology for defense customers, and Inflection Point Acquisition Corp. IV (Nasdaq: BACQ) announced today a significant increase in their private investment in public equity ("PIPE") commitments.

The PIPE investment has been upsized to more than $200 million, a substantial increase from the over $125 million initially committed when the Business Combination Agreement was signed on August 13, 2025. This includes over $85 million in pre-funded PIPE capital. The additional capital, secured from both new and existing investors, is expected to significantly strengthen Merlin's balance sheet ahead of the proposed transaction's closing, anticipated in early 2026.

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