Merlin, Inc. (MRLN) Form 424B3 — Jun 1, 2026
Merlin, Inc. filed a prospectus supplement updating its IPO registration with Q1 2026 financial results, reporting a net loss of $90.4 million on $1.0 million in revenue. The company burned $23.6 million in operating cash during the quarter, driven by heavy R&D and G&A expenses as it advances its autonomous flight technology. Despite the losses, Merlin strengthened its balance sheet through a reverse merger with Inflection Point Acquisition Corp.
Key figures
- Revenue
- 1002000
- Total Debt
- 0
- Total Assets
- 145376000
- Cash Position
- 122777000
- Shares Outstanding
- 84544557
- Stock price
- 7.18
- Warrant liabilities
- 87803000
- Pipe proceeds merger
- 120000000
- Idiq contract ceiling
- 105000000
- Preferred stock value
- 180331000
- Contract loss provision
- 738000
- Pipe proceeds subsequent
- 80000000
AI analysis
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