Skip to main content

Merlin, Inc.

corporate_fare Company Profile

Merlin, Inc.

BACQ·NASDAQ·Energy·CIK 0001001084

Inflection Point Acquisition Corp. IV does not have any significant business operations. As of March 16, 2026, the company was acquired by Merlin Labs, Inc., through a reverse merger transaction. Prior to this acquisition, Inflection Point Acquisition Corp. IV focused on completing a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was incorporated in 2024 and is based in New York, New York. It was formerly known as Bleichroeder Acquisition Corp. I and changed its name to Inflection Point Acquisition Corp. IV in October 2025.

Merlin, Inc. (NASDAQ:BACQ) is a publicly traded company in the Energy sector. Wiseek monitors BACQ SEC EDGAR filings and licensed market news in real time, scoring each submission for market-moving significance on a 1–10 scale. Items rated 7 or higher generate instant alerts.

Recent high-impact activity:

  • CEO Matthew George Discloses 17.7% Stake in Merlin, Inc. Post-SPAC Merger, Subject to 6-Month Lock-Up
  • Merlin, Inc. Completes SPAC Merger, Secures $120M PIPE, and Appoints New Leadership
  • Inflection Point IV Reports $6.01M Net Income from Trust, Confirms Merlin Merger Closing March 16
  • Shareholders Approve Merlin Labs Merger, Authorize Vast Share Pool for Combined Entity
  • Merlin Labs Completes Key Design Review for $105M USSOCOM Autonomy Program

Financial Snapshot

Quarter ended November 12, 2025
Net Income
$83.69K
Diluted EPS
$0.00
Op. Cash Flow
-$1.06M
Operating Income
-$2.62M
Cash & Equivalents
$1.05M
Debt / Equity
0.00×
Shares Outstanding
25.43M sh
Source: 10-Q · filed 2025-11-12 · accession 0001213900-25-109354

Dilution Risk

Low risk

Filing-implied dilution signals for BACQ, detected from its recent SEC filings · based on capital-structure filings through 2026-02-12.

1 recent capital raise

Finalizes SPAC Merger with Merlin Labs · Secures $207.3M in PIPE Financing

⚠ A more recent filing has been published for this ticker since this signal was computed; it may not yet be reflected — see the filings below.

A filing-implied signal, not a realized share count. How Wiseek tracks dilution →

Recent Capital Actions

  • 2026-02-12 Proposed Stock Merger $14.23M

    September 30, 2025 No Redemption Scenario Maximum Redemption Scenario 50% Redemption Scenario Inflection Point (Historical) Merlin Labs (Historical) Pro Forma Adjustments Pro Forma Combined Pro Forma Adjustments Pro…

  • 2026-02-12 Proposed Stock Merger $1.05M (net of 3 line items)

    ($ in thousands) Year Ended December 31, Nine Months Ended September 30, 2024 2023 2025 2024 Net cash (used in) provided by: Operating activities $ (45,537 ) $ (31,696 ) $ (43,013 ) $ (32,515 ) Investing activities…

  • 2026-02-12 Proposed Stock Merger $68.4

    No Redemption Scenario (1) 50% Redemption Scenario (2) Maximum Redemption Scenario (3) Shares % Ownership Shares % Ownership Shares % Ownership Public Shareholders 25,000,000 19.3 % 12,500,000 10.7 % 0 0.0 % Public…

  • 2026-02-12 Proposed Stock Merger 22.77M sh

    (in thousands, except share and per share amounts) No Redemption Scenario (1) 50% Redemption Scenario (2) Maximum Redemption Scenario (3) Numerator adjustments Net Tangible Book Value $ 249,200 $ 249,200 $ 249,200…

  • 2026-02-12 Proposed Stock Merger $49.19M

    As of September 30, 2025 As of December 31, 2024 (in thousands, except share and per share amounts) Total Assets $ 87,813 $ 49,194 Total Liabilities $ 142,894 $ 50,100 Total Redeemable Convertible Preferred Stock $…

Detected from SEC filings (8-K, S-4, POS AM, 6-K). Last 12 months.
Browse all tickers starting with B →
$7.84 +2.08% today
Market cap
$259.26M
Volume
254.9K (1.0× avg)
3-mo avg 258.6K
Live data · 2026-07-29 03:53 UTC · Market overnight

show_chartPrice Chart

Loading chart...

feed BACQ - Latest Insights

BACQ
Mar 23, 2026, 4:30 PM EDT
Filing Type: SCHEDULE 13D
Importance Score:
8
CEO Matthew George Discloses 17.7% Stake in Merlin, Inc. Post-SPAC Merger, Subject to 6-Month Lock-Up
Price at Filing: $7.84
Real-time Price: $7.84 info
Change: $0 (0%) info
Market Cap: $259.264M info
Sentiment: Positive
View Wiseek Article
BACQ
Mar 20, 2026, 4:01 PM EDT
Filing Type: 8-K
Importance Score:
9
Merlin, Inc. Completes SPAC Merger, Secures $120M PIPE, and Appoints New Leadership
Price at Filing: $7.84
Real-time Price: $7.84 info
Change: $0 (0%) info
Market Cap: $259.264M info
Sentiment: Negative
View Wiseek Article
BACQ
Mar 12, 2026, 4:45 PM EDT
Source: Wiseek News
Importance Score:
7
Inflection Point IV Reports $6.01M Net Income from Trust, Confirms Merlin Merger Closing March 16
Price at Filing: $8.31
Real-time Price: $7.84 info
Change: -$0.470 (-6%) info
Market Cap: $259.264M info
Sentiment: Neutral
View Wiseek Article
BACQ
Mar 12, 2026, 4:06 PM EDT
Filing Type: 8-K
Importance Score:
8
Shareholders Approve Merlin Labs Merger, Authorize Vast Share Pool for Combined Entity
Price at Filing: $8.31
Real-time Price: $7.84 info
Change: -$0.470 (-6%) info
Market Cap: $259.264M info
Sentiment: Neutral
View Wiseek Article
BACQ
Mar 05, 2026, 9:04 AM EST
Filing Type: 425
Importance Score:
7
Merlin Labs Completes Key Design Review for $105M USSOCOM Autonomy Program
Price at Filing: $10.48
Real-time Price: $7.84 info
Change: -$2.64 (-25%) info
Market Cap: $259.264M info
Sentiment: Positive
View Wiseek Article
BACQ
Feb 12, 2026, 4:40 PM EST
Filing Type: 424B3
Importance Score:
9
Definitive Proxy Filed for $800M SPAC Merger with Merlin Labs, Detailing Significant Dilution and PIPE Financing
Price at Filing: $10.53
Real-time Price: $7.84 info
Change: -$2.69 (-26%) info
Market Cap: $259.264M info
Sentiment: Negative
View Wiseek Article
BACQ
Feb 09, 2026, 9:59 PM EST
Filing Type: S-4/A
Importance Score:
9
SPAC Finalizes $207.3M PIPE for Merlin Labs Merger, Sets Shareholder Vote
Price at Filing: $10.55
Real-time Price: $7.84 info
Change: -$2.71 (-26%) info
Market Cap: $259.264M info
Sentiment: Neutral
View Wiseek Article
BACQ
Jan 14, 2026, 9:24 AM EST
Filing Type: S-4
Importance Score:
9
SPAC Inflection Point IV to Merge with Merlin Labs in $800M Deal, Raising $207M in PIPE Financing
Price at Filing: $10.80
Real-time Price: $7.84 info
Change: -$2.96 (-27%) info
Market Cap: $259.264M info
Sentiment: Negative
View Wiseek Article