Merlin, Inc. filed a Form S-1 registration statement for an initial public offering on 2024-07-12. It describes itself as a blank check company. It has amended it 3 times. It filed its final prospectus on 2024-11-01, at a public offering price of $10.00 per share. Each fact below is quoted from the filing named with it.
What the filings say
Listing
Our shares of Common Stock are listed on the Nasdaq Stock Market LLC (“ Nasdaq ”) under the symbol “MRLN”.From the S-1 filed 2026-05-06
Offering price
Inflection Point Fund I LP (which is not affiliated with any member of our management), which we refer to as the “Inflection Point” throughout this prospectus, has expressed an interest to indirectly purchase, through the purchase of non -managing sponsor membership interests, all 425,000 of the private placement units at a price of $10.00 per unit ($4,250,000 in the aggregate) in a private placement that will close simultaneously with the closing of this offering.From the 424B4 filed 2024-11-01
Use of proceeds
We intend to use the net proceeds from the PIPE to support revenue generation and long -term value creation, including to advance and expand our core platform development, fund regulatory approval activities, scale program capacity, and support the execution and expansion of existing and new customer contracts.From the S-1 filed 2026-05-06
Revenue
We have generated limited revenue and experienced net losses in each year from our inception, including revenue of $7.55 million and $1.23 million, and net losses of $74.78 million and $55.25 million, for the years ended December 31, 2025 and 2024, respectively.From the S-1 filed 2026-05-06
Net loss or income
We have generated limited revenue and experienced net losses in each year from our inception, including revenue of $7.55 million and $1.23 million, and net losses of $74.78 million and $55.25 million, for the years ended December 31, 2025 and 2024, respectively.From the S-1 filed 2026-05-06
Timeline
| Filed | What it is | Filing |
|---|---|---|
| 2024-07-12 | Registration statement filed | S-1 |
| 2024-08-21 | Registration statement amended | S-1/A |
| 2024-10-07 | Registration statement amended | S-1/A |
| 2024-10-23 | Registration statement amended | S-1/A |
| 2024-11-01 | Final prospectus filed: the offering is priced | 424B4 |
| 2026-04-15 | Registration statement filed | S-1 |
| 2026-05-06 | Registration statement filed | S-1 |
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Where this comes from
A company that wants to sell shares to the public in the United States files a registration statement with the SEC: Form S-1 for a US company, Form F-1 for a foreign one. It amends that statement as the figures and terms are filled in, usually adding the expected price range shortly before the offering. Once the offering is priced it files its final prospectus under Rule 424(b)(4). A company that decides not to go ahead can ask for the registration statement to be withdrawn on Form RW.
Every row on this page is one of those filings, linked to the filing itself. The facts are the company's own sentences, quoted from the filing named beside each one and never reworded; where no filing states a fact in a sentence that can be read exactly, this page leaves it out. A filing is the company's statement of its plans and its figures, not a verification of them, and nothing here is investment advice.