Merlin, Inc. (MRLN) Form 424B3 — Jun 1, 2026
Merlin, Inc. filed a prospectus supplement updating its S-1 registration with Q1 2026 financial results, reporting a net loss of $90.4 million on $1.0 million in revenue. The company highlighted a significant increase in operating losses compared to the prior year, driven by R&D and G&A expenses, while maintaining a cash position of $122.8 million. Liquidity remains supported by recent capital raises, including $120 million in PIPE financing at the time of the SPAC merger and an additional $80 million PIPE transaction in May 2026.
Key figures
- Revenue
- 1002000
- Cash Position
- 122777000
- Shares Outstanding
- 96524052
- Stock price closing
- 7.18
- Warrant liabilities
- 87803000
- Pipe proceeds merger
- 120000000
- Pipe proceeds subsequent
- 80000000
- Series a preferred outstanding
- 21711880
AI analysis
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