Merlin, Inc.: 5%+ holders

As of November 6, 2026, 7 holders' latest Schedule 13D or 13G filings report owning 5% or more of Merlin, Inc. The largest reported stake is Matthew George's, at 17.7%. 34 filings are on record since August 12, 2025 (Schedule 13D, March 23, 2026).

Who owns Merlin, Inc.?

Inflection Point Fund I, LP also filed stake reports on 3 other companies ↓

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Key facts

• Filing 2026-10-13 · Reporting person: Inflection Point Fund I, LP · Sole voting: 0 · Shared voting: 10,473,478 · Sole dispositive: 0 · Shared dispositive: 10,473,478 · SCHEDULE 13G, 2026-10-13
• Filing 2026-09-18 · Reporting person: FR Capital Holdings, L.P. · Sole voting: 1,025,554 · Shared voting: 0 · Sole dispositive: 1,025,554 · Shared dispositive: 0 · SCHEDULE 13G/A, 2026-09-18
• Filing 2026-08-14 · Reporting person: Bleichroeder Sponsor 1 LLC · Sole voting: 0 · Shared voting: 8,333,333 · Sole dispositive: 0 · Shared dispositive: 8,333,333 · SCHEDULE 13G/A, 2026-08-14
• Filed 2026-08-14 · Holder: FR Capital Holdings, L.P. · Percent: 12.6% · SCHEDULE 13G/A
• Filing 2026-08-13 · Reporting person: Ayrton Capital LLC · Sole voting: 2,087,905 · Shared voting: 0 · Sole dispositive: 2,087,905 · Shared dispositive: 0 · SCHEDULE 13G/A, 2026-08-13

Merlin, Inc. has 34 Schedule 13D or 13G filings on record since 2025-08-12. 7 holders' latest filing reports 5% or more of common stock, par value $0.0001 per share. Each figure below is the holder's own, as filed, with the filing linked.

Holders

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Keep reading

More on Merlin, Inc. and the records around it.

Merlin, Inc. elsewhere on the record

• Leadership changes Oct 2026
• IPO filing May 2026
• Who owns it

Companies that share a holder

• Inflection Point Fund I, LP also filed stake reports on 3 other companies: GOWell Energy Technology (Oct 2026), Inflection Point Acquisition Corp. V (Sep 2026), Pasqal Holding SA (Sep 2026)
• CONTINENTAL GENERAL INSURANCE CO also filed stake reports on 9 other companies: Bleichroeder Acquisition Corp. II (Aug 2026), GEO GROUP INC (Aug 2026), Groupon, Inc. (Aug 2026)
• Merus Global Investments, LLC also filed stake reports on 10 other companies: General Fusion Group Ltd. (Aug 2026), D. Boral ARC Acquisition I Corp. (Jun 2026), Bleichroeder Acquisition Corp. II (Jun 2026)

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Voting and dispositive power, as filed

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The latest filing identifies Merlin, Inc. by CUSIP 590106100 and gives its principal executive office as 100 Causeway, Floor 23, Boston, MA 02114 (SCHEDULE 13G, 2026-10-13).

What the percentages are based on

See the response to row 11 of the cover page of each Reporting Person.Inflection Point Fund I, LP, SCHEDULE 13G, 2026-10-13

Row 11 of each Reporting Person's cover page to this Schedule 13G sets forth the percentages of the shares of common stock of the Issuer beneficially owned by such Reporting Person as of June 30, 2026 and is incorporated by reference.SnowPoint Ventures GP, LLC, SCHEDULE 13G/A, 2026-08-12

The percentages below are based on (i) 96,524,052 shares of Class A Common Stock of the Issuer that were outstanding as of May 13, 2026; and (ii) 2,087,872 shares of Common Stock issuable on the exercise of the Warrants and conversion of preferred equity shares held by the Reporting Persons. The amount of shares outstanding was based upon a statement in the Issuer's 10-Q filed on May 15, 2026.Ayrton Capital LLC, SCHEDULE 13G/A, 2026-08-13

Purpose of Transaction (Item 4)

Matthew George

Business Combination On March 16, 2026 (the "Closing Date"), pursuant to a business combination agreement, dated as of August 13, 2025 (the "Business Combination Agreement"), by and among the Issuer (formerly known as Inflection Point Acquisition Corp. IV), IPDX Merger Sub, Inc., a direct wholly owned subsidiary of the Issuer ("Merger Sub"), and Merlin Labs, Inc. ("Legacy Merlin"), Merger Sub merged with and into Legacy Merlin (the "Merger" and, together with the other transactions contemplated by the Business Combination Agreement, the "Business Combination"), with Legacy Merlin surviving the Merger as a wholly owned subsidiary of the Issuer. The Issuer was renamed on the Closing Date to "Merlin, Inc." As a result of the Business Combination, at the Closing Date, among other transactions, (i) each share of common stock of Legacy Merlin automatically converted into the right to receive shares of Common Stock based on an exchange ratio as described in the Business Combination Agreement, and (ii) each option to purchase common stock of Legacy Merlin automatically converted into an option to purchase a number of shares of Common Stock in the manner set forth in the Business Combination Agreement, on the same terms and conditions, and at an exercise price per share divided by the applicable exchange ratio. Registration Rights Agreement On the Closing Date, in connection with the consummation of the Business Combination and as contemplated by the Business Combination …The first part of Item 4 of the SCHEDULE 13D filed 2026-03-23; the filing has the rest

Timeline

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Questions about who owns Merlin, Inc.

Who owns Merlin, Inc.?

On this page, 7 holders' latest ownership filings report 5% or more of Merlin, Inc.: Matthew George (17.7%, Schedule 13D, filed 2026-03-23), Quiet Capital Management, LLC (16.24%, Schedule 13G, filed 2026-05-08), Alyeska Investment Group, L.P. (9.9%, Schedule 13G, filed 2026-05-15), Inflection Point Fund I, LP (9.9%, Schedule 13G, filed 2026-10-13) and SnowPoint Ventures GP, LLC (9.6%, Schedule 13G/A, filed 2026-08-12); 2 more are listed above.

Who are the largest shareholders of Merlin, Inc.?

By the share each holder's latest filing reports, the largest holders of Merlin, Inc. on this page are Matthew George (17.7%), Quiet Capital Management, LLC (16.24%) and Alyeska Investment Group, L.P. (9.9%).

When did Matthew George buy into Merlin, Inc.?

The filings give report dates, not purchase dates. The earliest filing from Matthew George on this page is the Schedule 13D, filed 2026-03-23, reporting 17.7%.

Is this an audit or a full list?

Neither. The ownership list on this page covers only Schedule 13D and 13G filings, which holders make once they own 5% or more of a class of shares (an amendment can report a stake that has since fallen below 5%); 34 such filings are shown here. It is not an audit and not a full cap table: holders who never reached 5% are not listed, and a stake can change after its latest filing.

Also on the record for Merlin, Inc.

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Where this comes from

Anyone who comes to own more than 5% of a class of a listed company's voting shares has to tell the SEC. A holder who may seek to change or influence the company files Schedule 13D, and has to say in Item 4, "Purpose of Transaction", what it intends to do. A holder with no such intent, such as many index and passive funds, may file the shorter Schedule 13G. Both are amended when the stake changes, including when it falls below 5%.

Every row here is one of those filings, linked to the filing itself. Percentages and share counts are exactly as the holder filed them, for the holder the filing names; an amendment showing a lower figure is shown as filed. Item 4 text is quoted word for word. Where a 13D's Item 4 contains a sentence stating a definite intent to influence the company, that sentence is marked and quoted; the page does not describe the holder or its motives beyond the words it filed. Nothing here is investment advice.

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