MRLN on Nasdaq
Merlin, Inc.
Computer integrated systems design services company in the Cayman Islands. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
- TickerMRLN on Nasdaq1
- IndustryServices-Computer Integrated Systems Design1
- HeadquartersNew York, New York1
- Incorporated inCayman Islands3
- Business address1345 Avenue Of The Americas, 47Th Fl, New York, Ny 101053
- Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company3
See how the biggest companies compare on our leaderboards
Inflection Point has neither engaged in any operations nor generated any operating revenues to date.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 1 fiscal year, latest first.2
| Period ending | 2025-12-31 |
|---|---|
| General and administrative expenses | $3.9M |
| Loss from operations | -$3.9M |
| Compensation expense | -$670.0K |
| Interest earned on bank account | $56.0K |
| Interest earned on investments held in Trust Account | $10.5M |
| Total other income | $9.9M |
| NET INCOME | $6.0M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 2 fiscal years (annual) or 2 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Cash | $703.6K | $2.1M |
| Prepaid expenses | $6.2K | $23.1K |
| Short-term prepaid insurance | $203.8K | $181.6K |
| Total current assets | $913.6K | $2.3M |
| Long-term prepaid insurance | $151.3K | |
| Investments held in Trust Account | $262.2M | $251.8M |
| TOTAL ASSETS | $263.1M | $254.2M |
| Accrued expenses | $2.3M | $3.5K |
| Accrued offering costs | $75.0K | |
| Cash underwriting fee payable | $1.0M | $1.0M |
| Total current liabilities | $3.3M | $1.1M |
| Deferred underwriting fee payable | $8.8M | $8.8M |
| TOTAL LIABILITIES | $12.1M | $9.8M |
| Accumulated deficit | -$11.2M | -$7.4M |
| TOTAL SHAREHOLDERS DEFICIT | -$11.2M | -$7.4M |
| TOTAL LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS DEFICIT | $263.1M | $254.2M |
| Preference shares, par value | $0.00 | $0.00 |
| Preference shares, authorized | 5.0M shares | 5.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Cash | $703.6K | $2.1M |
| Prepaid expenses | $6.2K | $23.1K |
| Short-term prepaid insurance | $203.8K | $181.6K |
| Total current assets | $913.6K | $2.3M |
| Long-term prepaid insurance | $151.3K | |
| Investments held in Trust Account | $262.2M | $251.8M |
| TOTAL ASSETS | $263.1M | $254.2M |
| Accrued expenses | $2.3M | $3.5K |
| Accrued offering costs | $75.0K | |
| Cash underwriting fee payable | $1.0M | $1.0M |
| Total current liabilities | $3.3M | $1.1M |
| Deferred underwriting fee payable | $8.8M | $8.8M |
| TOTAL LIABILITIES | $12.1M | $9.8M |
| Accumulated deficit | -$11.2M | -$7.4M |
| TOTAL SHAREHOLDERS DEFICIT | -$11.2M | -$7.4M |
| TOTAL LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS DEFICIT | $263.1M | $254.2M |
| Preference shares, par value | $0.00 | $0.00 |
| Preference shares, authorized | 5.0M shares | 5.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 1 fiscal year, latest first.2
| Period ending | 2025-12-31 |
|---|---|
| Net income | $6.0M |
| Compensation expense | $670.0K |
| Interest earned on marketable securities held in Trust Account | -$10.5M |
| Prepaid expenses | $16.9K |
| Prepaid insurance | $129.1K |
| Accrued expenses | $2.3M |
| Net cash used in operating activities | -$1.3M |
| Payment of offering costs | -$75.0K |
| Net cash (used in) provided by financing activities | -$75.0K |
| Net change in cash | -$1.4M |
No quarter-by-quarter statement was filed.
Leadership
Who has led Merlin, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerMatthew Spencer George Mar 18, 2026 to now9
- Chief executive officerAndrew Gundlach Oct 31, 2024 to Nov 6, 202410
- Chief financial officerRyan Michael Carrithers Mar 18, 2026 to now11
- Chief financial officerMarcello J. Padula May 16, 2025 to Mar 18, 202612
- Chief financial officerRobert Folino Oct 31, 2024 to May 16, 202513
Board members and other officers (13)
- Chief Revenue OfficerMark Rawlins Brunner Apr 13, 2026 to now14
- Board memberCarolyn Trabuco Mar 18, 2026 to now15
- Board memberKelyn Brannon-Ahn Mar 18, 2026 to now16
- Board memberKenneth John Braithwaite Mar 18, 2026 to now17
- Board memberMatthew Spencer George Mar 18, 2026 to now9
- Board memberMichael Montelongo Mar 18, 2026 to now18
- Board memberAndrew Gundlach Oct 31, 2024 to Nov 6, 202410
- Board memberAntoine Theysset Oct 31, 2024 to Oct 31, 202419
- Board memberJoseph Aron Samuels Oct 31, 2024 to Oct 31, 202420
- Board memberKatherine J. Savitt Oct 31, 2024 to Oct 31, 202421
- Board memberNazim Cetin Oct 31, 2024 to Oct 31, 202422
- Board memberPierre Weinstein Oct 31, 2024 to Oct 31, 202423
- General counselLeslie Renee Ravestein Mar 18, 2026 to now24
Former names
Timeline
Filings
168 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 16 major events, 43 insider forms, 46 large holders, 55 other. The latest 20:
- Oct 13, 2026SCHEDULE 13G EDGAR
- Sep 18, 20264 EDGAR
- Sep 18, 20264 EDGAR
- Sep 18, 20264 EDGAR
- Sep 18, 20264 EDGAR
- Sep 18, 2026SCHEDULE 13G/A EDGAR
- Sep 18, 20264 EDGAR
- Aug 20, 2026424B3 EDGAR
- Aug 20, 2026424B3 EDGAR
- Aug 14, 202610-Q EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 14, 2026SCHEDULE 13G/A EDGAR
- Aug 13, 20268-K EDGAR
- Aug 13, 2026SCHEDULE 13G/A EDGAR
- Aug 12, 2026SCHEDULE 13G/A EDGAR
- Jun 2, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
- Jun 2, 2026424B3 PROSPECTUS SUPPLEMENT EDGAR
- May 22, 20264 EDGAR
- May 22, 20264 EDGAR
- May 22, 20264 EDGAR
The 168 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
8 open-market trades by officers, directors and large owners since October 2021: 4 buys and 4 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Dec 9, 2025 | GOLDMAN SACHS GROUP INC10% owner | Buy | 5 | $10.96 | $55 | Form 4 |
| Dec 9, 2025 | GOLDMAN SACHS GROUP INC10% owner | Sale | 3 | $10.95 | $33 | Form 4 |
| Dec 8, 2025 | GOLDMAN SACHS GROUP INC10% owner | Buy | 379 | $10.99 | $4.2K | Form 4 |
| Dec 8, 2025 | GOLDMAN SACHS GROUP INC10% owner | Sale | 379 | $11.00 | $4.2K | Form 4 |
| Dec 5, 2025 | GOLDMAN SACHS GROUP INC10% owner | Buy | 3,944 | $10.79 | $42.6K | Form 4 |
| Dec 5, 2025 | GOLDMAN SACHS GROUP INC10% owner | Sale | 4,444 | $10.80 | $48.0K | Form 4 |
| Nov 28, 2025 | GOLDMAN SACHS GROUP INC10% owner | Sale | 46 | $10.73 | $493 | Form 4 |
| Nov 4, 2024 | Bleichroeder Sponsor 1 LLC10% owner | Buy | 425,000 | $10.00 | $4.2M | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Inflection Point Fund I, LPSCHEDULE 13G, 1 filing Oct 13, 202625
- FR Capital Holdings, L.P.SCHEDULE 13G/A, 3 filings Mar 23, 2026 to Sep 18, 202626
- Bleichroeder Sponsor 1 LLCSCHEDULE 13G/A, 3 filings Nov 12, 2024 to Aug 14, 202627
- Ayrton Capital LLCSCHEDULE 13G/A, 2 filings May 11, 2026 to Aug 13, 202628
- SnowPoint Ventures, LPSCHEDULE 13G/A, 2 filings Mar 24, 2026 to Aug 12, 202629
- Alyeska Investment Group, L.P.SCHEDULE 13G, 1 filing May 15, 202630
- First Trust Capital Management L.P.SCHEDULE 13G/A, 4 filings May 15, 2025 to May 15, 202631
- Goldman SachsSCHEDULE 13G/A, 3 filings Feb 12, 2026 to May 15, 202632
- HIGHBRIDGE CAPITAL MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Feb 17, 2026 to May 15, 202633
- MERUS GLOBAL INVESTMENTS, LLCSCHEDULE 13G/A, 3 filings Oct 14, 2025 to May 15, 202634
- Quiet Capital Management, LLCSCHEDULE 13G, 1 filing May 8, 202635
- Matthew Spencer GeorgeSCHEDULE 13D, 1 filing Mar 23, 202636
- AQR CAPITAL MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Feb 13, 2025 to Feb 11, 202637
- BarclaysSCHEDULE 13G, 4 filings Feb 14, 2025 to Feb 11, 202638
- METEORA CAPITAL, LLCSCHEDULE 13G/A, 3 filings Aug 14, 2025 to Dec 5, 202539
- Westchester Capital Management, LLCSCHEDULE 13G/A, 2 filings May 14, 2025 to Nov 14, 202540
- Hudson Bay Capital Management LPSCHEDULE 13G/A, 3 filings Feb 10, 2025 to Nov 12, 202541
- CONTINENTAL GENERAL INSURANCE COSCHEDULE 13G/A, 2 filings Jan 10, 2025 to Aug 13, 202542
- HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUNDSCHEDULE 13G/A, 2 filings Feb 14, 2025 to Aug 13, 202543
- Saba Capital Management, L.P.SCHEDULE 13G/A, 2 filings Nov 4, 2024 to Feb 11, 202544
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 62. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARMerlin, Inc. filings on SEC EDGAR
- 2SEC EDGARMerlin, Inc. 10-K for fiscal 2025
- 3SEC EDGARMerlin, Inc. filings on SEC EDGAR
- 4
- 5SEC EDGARMerlin, Inc. 10-Q for fiscal 2026
- 6SEC EDGARMerlin, Inc. 10-Q for fiscal 2026
- 7SEC EDGARMerlin, Inc. 10-Q for fiscal 2025
- 8SEC EDGARMerlin, Inc. 10-K for fiscal 2024
- 9
- 10
- 11
- 12
- 13
- 14
- 15SEC EDGARCarolyn Trabuco, Board member
- 16SEC EDGARKelyn Brannon-Ahn, Board member
- 17
- 18SEC EDGARMichael Montelongo, Board member
- 19SEC EDGARAntoine Theysset, Board member
- 20SEC EDGARJoseph Aron Samuels, Board member
- 21SEC EDGARKatherine J. Savitt, Board member
- 22SEC EDGARNazim Cetin, Board member
- 23SEC EDGARPierre Weinstein, Board member
- 24
- 25
- 26
- 27
- 28
- 29
- 30
- 31
- 32
- 33
- 34
- 35
- 36
- 37
- 38
- 39
- 40
- 41
- 42
- 43
- 44