Merlin, Inc. Announces $80 Million PIPE Investment to Accelerate Program Execution and Unlock New Growth Opportunities
Merlin secured $80 million in PIPE financing from an existing institutional shareholder, increasing its pro forma cash position to $183 million. The deal involves the sale of 8 million shares at $10.00 per share and warrants for an additional 4 million shares at a $6.67 strike price.
Key figures
- Deal Value Usd
- 80000000
- Offering Price
- 10
- Shares Offered
- 8000000
- Warrants included
- 4000000
- Warrant expiry years
- 5
- Warrant strike price
- $6.67
- Existing cash balance
- 107000000
AI analysis
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