Welcome to our dedicated page for BACQ SEC filings (Ticker: BACQ), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
BACQ filings document a blank-check issuer’s public-company structure, material events and SPAC-related securities. The record includes registration-statement disclosures, 8-K reports on material agreements, shareholder voting matters, governance items, capital-structure changes, risk factors, and operating and financial results.
Filings also identify the issuer’s listed securities, including Class A ordinary shares, units and rights, and include a Form 25 notice covering the withdrawal of rights and units from Nasdaq listing and registration. These disclosures frame the issuer’s formal record around SPAC mechanics, security status and corporate-event reporting.
Merlin, Inc. amendment: Merus Global Investments, LLC filed an Amendment No. 2 to Schedule 13G/A reporting 0 shares of Common Stock, par value $0.0001 and 0.0% beneficial ownership as of the filing. The filing lists the issuer CUSIP 590106100 and is signed on 05/15/2026.
MERLIN, INC. ownership disclosure: Alyeska Investment Group, L.P. and related filers report beneficial ownership of 8,342,026 shares of Common Stock, equal to 9.90% of the class, as of March 31, 2026. The reported shares are issuable upon conversion of Series A preferred stock or exercise of warrants.
Per a cited Form 8-K, total Common Stock outstanding was 84,262,886 shares as of March 20, 2026; a 9.9% beneficial ownership limitation on warrants and Series A preferred restricts exercisable/conversionable shares to 8,342,026.
The Goldman Sachs Group, Inc. filed Amendment No. 2 to a Schedule 13G/A reporting shared beneficial ownership of 146,254 Class A ordinary shares of Merlin, Inc., equal to 0.17% of the class as of 03/31/2026.
The amendment corrects a prior submission that listed an aggregate amount of 0; the filing attributes the shares to Goldman Sachs & Co. LLC and includes a joint filing agreement and parent/subsidiary explanatory exhibits. Signatures are dated 05/15/2026.
The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC filed an Amendment No. 1 to a Schedule 13G/A reporting ownership in Merlin, Inc. The filing identifies the security as Class A ordinary shares (CUSIP G1169T104) and cites ownership of 5 percent or less of the class. The cover shows voting and dispositive power entries as 0.00 and a percent of class of 0.0% as of 03/31/2026. The filing includes a Joint Filing Agreement and exhibits describing parent/subsidiary relationships among GS Group and Goldman Sachs & Co. LLC. The filing is signed by Abhilasha Bareja as attorney-in-fact on 05/07/2026.
Merlin, Inc. Schedule 13G/A amendment: a group of First Trust entities filed a joint statement reporting beneficial ownership of 0 shares of Merlin Class A Ordinary Shares as of March 31, 2026. The filing states First Trust Capital Management L.P. acts as investment adviser to client accounts with authority to purchase, vote and dispose of securities on their behalf.
Merlin, Inc. reports its first post-merger quarter for the period ended March 31, 2026, combining SPAC Inflection Point with autonomous flight developer Legacy Merlin. Revenue was $1,002k, up modestly from $868k, but the company recorded a much larger net loss of $90,419k driven mainly by fair value changes on convertible notes, long-term debt, and warrant liabilities.
Operating expenses rose sharply to $28,825k as Merlin scaled research and development and general and administrative functions. A favorable $2,451k contract loss adjustment and a $26,555k gain from lower warrant liabilities partially offset these costs. Net cash used in operations was $23,644k.
After the SPAC merger and related PIPE financing, Merlin’s balance sheet shows $122,777k in cash and cash equivalents and $145,376k in total assets, against $104,158k in liabilities and a stockholders’ deficit of $139,113k. The company also closed a May 1, 2026 PIPE for an additional $80,000k, and management concludes existing liquidity is sufficient for at least one year despite a cumulative $641,472k accumulated deficit.
Highbridge Capital Management, LLC filed an amended Schedule 13G/A disclosing its position in Merlin, Inc. common stock (CUSIP 590106100). The filing lists the class as Common Stock, par value $0.0001 per share and reports 0.0% ownership. The amendment is signed by Kirk Rule on 05/15/2026.
Merlin, Inc. reported first quarter 2026 results, its first quarter as a public company following the March 16, 2026 business combination with Inflection Point Acquisition Corp. IV. Revenue was $1.0 million for the quarter, up from $0.9 million a year earlier, while the net loss widened sharply to $90.4 million from $12.7 million, driven largely by non-cash fair value changes on convertible promissory notes and long-term debt.
Operating expenses rose significantly as Merlin invested in research and development and general and administrative functions, leading to an operating loss of $27.0 million. Adjusted EBITDA, which excludes stock-based compensation, fair value changes and transaction costs, was a loss of $23.3 million versus a $10.4 million loss a year earlier. After an equity financing closed on May 1, 2026, cash, cash equivalents and short-term investments were approximately $183 million with no debt outstanding.
Strategically, Merlin introduced Condor, its first product family, intended to bring the Merlin Pilot autonomy system to large, multi-crew civil and defense aircraft. The company entered a preliminary, non-binding memorandum of understanding with World Star Aviation Limited to support Condor’s civil cargo deployment and highlighted its C-130J autonomy program, which has more than $100 million in total IDIQ contract ceiling value. Merlin also expanded its leadership team with new Chief Marketing Officer and Chief Revenue Officer appointments.
Merlin, Inc. ownership filings show Ayrton Capital LLC, Alto Opportunity Master Fund, SPC - Segregated Master Portfolio B, and Waqas Khatri each report beneficial ownership of 2,029,440 shares of Common Stock issuable upon exercise of warrants and conversion of convertible preferred equity. These holdings represent 7.39% of the Issuer's Class A common stock based on 25,425,000 shares outstanding as of March 11, 2026. The issuable shares are subject to a 9.99% beneficial ownership blocker. The reporting persons state that Ayrton Capital serves as investment manager to the Fund and that Waqas Khatri is the managing member of the Investment Manager; holdings are reported as of March 31, 2026.
Quiet Capital Management, LLC filed an initial ownership report for Merlin, Inc., showing indirect holdings of 12,896,007 shares of Common Stock through Quiet ML, Quiet Venture I and Quiet Venture II funds. Quiet Capital’s investment committee exercises voting and investment discretion but disclaims beneficial ownership except for its pecuniary interest.
The filing also lists Series A Warrants and 12.0% Series A Cumulative Convertible Preferred Stock, each convertible into Common Stock at a $6.67 price. Footnotes state these prices were automatically adjusted from $12 in connection with a PIPE transaction on May 1, 2026. The Series A Warrants cover 479,343 underlying Common shares and expire on March 16, 2031, while the Series A Preferred Stock corresponds to 464,534 underlying Common shares and has no expiration date.