Welcome to our dedicated page for Inflection Point Acquisition IV SEC filings (Ticker: BACQU), 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.
Inflection Point Acquisition Corp. IV (NASDAQ: BACQU), identified in SEC documents as Bleichroeder Acquisition Corp. I and Inflection Point Acquisition Corp. IV, files a range of regulatory reports that are central to understanding its SPAC structure and proposed business combination. As a blank check company and emerging growth company, its filings detail the terms of its initial public offering, trust account arrangements, unit composition, and rights structure tied to its Class A ordinary shares and BACQR rights.
Key filings include current reports on Form 8-K describing material events. One 8-K outlines the Business Combination Agreement among Inflection Point, a merger subsidiary, and Merlin Labs, Inc., a developer of assured, autonomous flight technology for defense customers. This document explains the planned domestication from the Cayman Islands to Delaware, the expected name change to Merlin Labs, Inc., the treatment of existing shares, options, and restricted stock units, and the equity consideration to be issued to Merlin Labs securityholders.
Another 8-K discusses a strategic partnership between Merlin Labs and GE Aerospace and notes that Inflection Point and Merlin Labs are contemplating additional private placements to support that partnership, conditioned on closing the business combination. Additional 8-Ks cover management and board changes, consulting agreements for financial and due diligence services, and other steps taken as the SPAC pursues its initial business combination.
On this page, users can access Inflection Point’s SEC filings as they are made available through EDGAR, including 8-Ks, registration statements, and related documents. Stock Titan’s platform can pair these filings with AI-powered summaries that highlight the structure of the SPAC, the mechanics of the proposed merger with Merlin Labs, the implications of PIPE and other financing arrangements, and governance and risk disclosures, helping readers interpret complex transaction terms without reading every page in full.
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.
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.
Merlin, Inc. ownership update: Quiet Capital Management, LLC reported beneficial ownership of 13,839,884 shares of Common Stock, representing 16.24% of the class.
The filing breaks the position into 12,896,007 direct common shares, 464,534 shares issuable on conversion of 12.0% Series A Preferred Stock, and 479,343 shares issuable upon exercise of Series A Warrants. The percent is calculated using 84,262,886 shares outstanding as of March 16, 2026.
Merlin, Inc. ownership update: Quiet Capital Management, LLC reported beneficial ownership of 13,839,884 shares of Common Stock, representing 16.24% of the class.
The filing breaks the position into 12,896,007 direct common shares, 464,534 shares issuable on conversion of 12.0% Series A Preferred Stock, and 479,343 shares issuable upon exercise of Series A Warrants. The percent is calculated using 84,262,886 shares outstanding as of March 16, 2026.
Merlin, Inc. is registering up to 13,336,000 shares of common stock for secondary resale by a single selling stockholder. The shares consist of 8,000,000 PIPE Shares already issued and up to 5,336,000 Warrant Shares issuable upon exercise of a PIPE Warrant.
This is a resale registration, so Merlin will not receive any proceeds from stockholder sales. It would receive cash only if the PIPE Warrant is exercised for cash, which could total about $26.7 million. The PIPE Warrant currently carries a $6.67 exercise price per share and expires in 2031.
The registered shares equal roughly 13.5% of Merlin’s common stock on a fully assumed basis, and management warns that actual or anticipated sales could increase share-price volatility or pressure the stock. Merlin’s common stock trades on Nasdaq under “MRLN,” and closed at $8.97 on May 5, 2026. The company is an emerging growth and smaller reporting company developing autonomous flight technology.
Merlin, Inc. is registering up to 13,336,000 shares of common stock for secondary resale by a single selling stockholder. The shares consist of 8,000,000 PIPE Shares already issued and up to 5,336,000 Warrant Shares issuable upon exercise of a PIPE Warrant.
This is a resale registration, so Merlin will not receive any proceeds from stockholder sales. It would receive cash only if the PIPE Warrant is exercised for cash, which could total about $26.7 million. The PIPE Warrant currently carries a $6.67 exercise price per share and expires in 2031.
The registered shares equal roughly 13.5% of Merlin’s common stock on a fully assumed basis, and management warns that actual or anticipated sales could increase share-price volatility or pressure the stock. Merlin’s common stock trades on Nasdaq under “MRLN,” and closed at $8.97 on May 5, 2026. The company is an emerging growth and smaller reporting company developing autonomous flight technology.
Merlin, Inc. entered a securities purchase agreement for a private placement of 8 million common shares at $10.00 per share and warrants for 4 million additional shares, raising aggregate gross proceeds of approximately $80 million. Closing is expected on or about May 1, 2026, subject to customary conditions. Management plans to use the cash to advance Merlin’s autonomous flight platform, fund regulatory approval work, increase program capacity, and support existing and new customer contracts. An amended and restated registration rights agreement requires Merlin to file a resale registration statement for the new shares and warrant shares, and the issuance will trigger anti-dilution adjustments to its 12.0% Series A preferred stock and certain existing warrants.
Merlin, Inc. entered a securities purchase agreement for a private placement of 8 million common shares at $10.00 per share and warrants for 4 million additional shares, raising aggregate gross proceeds of approximately $80 million. Closing is expected on or about May 1, 2026, subject to customary conditions. Management plans to use the cash to advance Merlin’s autonomous flight platform, fund regulatory approval work, increase program capacity, and support existing and new customer contracts. An amended and restated registration rights agreement requires Merlin to file a resale registration statement for the new shares and warrant shares, and the issuance will trigger anti-dilution adjustments to its 12.0% Series A preferred stock and certain existing warrants.
Merlin, Inc. is registering a primary offering of 66,813,783 shares of common stock alongside a secondary resale of 157,700,431 common shares, plus 736,744 Series A Preferred shares and 760,232 Series A Warrants. The primary shares include stock issuable from converting 21,711,872 shares of 12.0% Series A Preferred Stock, exercising Series A Warrants and options, and issuing shares to advisers. The resale shares represent about 65.1% of Merlin’s fully diluted common stock, creating substantial potential selling pressure once lock-ups expire. Merlin receives no proceeds from resales but could raise about $253.9 million if all Series A Warrants are exercised for cash at $12.00 per share; this depends on the stock trading above the exercise price. Merlin reported 2025 revenue of $7.55 million and a net loss of $74.78 million and remains an early-stage, loss-making autonomous flight technology company focused on its Merlin Pilot system.
Merlin, Inc. is registering a primary offering of 66,813,783 shares of common stock alongside a secondary resale of 157,700,431 common shares, plus 736,744 Series A Preferred shares and 760,232 Series A Warrants. The primary shares include stock issuable from converting 21,711,872 shares of 12.0% Series A Preferred Stock, exercising Series A Warrants and options, and issuing shares to advisers. The resale shares represent about 65.1% of Merlin’s fully diluted common stock, creating substantial potential selling pressure once lock-ups expire. Merlin receives no proceeds from resales but could raise about $253.9 million if all Series A Warrants are exercised for cash at $12.00 per share; this depends on the stock trading above the exercise price. Merlin reported 2025 revenue of $7.55 million and a net loss of $74.78 million and remains an early-stage, loss-making autonomous flight technology company focused on its Merlin Pilot system.
Merlin, Inc. insider Brunner Mark Rawlins, identified as the company’s Chief Revenue Officer, filed a Form 3 regarding the company’s stock. The filing lists him as an officer but shows no reported buy, sell, or other share transactions.
Merlin, Inc. insider Brunner Mark Rawlins, identified as the company’s Chief Revenue Officer, filed a Form 3 regarding the company’s stock. The filing lists him as an officer but shows no reported buy, sell, or other share transactions.
Merlin, Inc. files an amendment to its Schedule 13D to update beneficial ownership disclosures for Bleichroeder Sponsor 1 LLC, Andrew Gundlach, and Michel Combes, showing 8,800,833 shares equal to 10.4% of common stock.
The amendment explains the post‑business combination share conversions: each former Class B and Class A ordinary share converted one‑for‑one into common stock, and the Sponsor's 425,000 rights converted into 42,500 shares. The filing states Mr. Gundlach resigned as Executive Chairman and the Reporting Persons no longer have board representation.
Merlin, Inc. files an amendment to its Schedule 13D to update beneficial ownership disclosures for Bleichroeder Sponsor 1 LLC, Andrew Gundlach, and Michel Combes, showing 8,800,833 shares equal to 10.4% of common stock.
The amendment explains the post‑business combination share conversions: each former Class B and Class A ordinary share converted one‑for‑one into common stock, and the Sponsor's 425,000 rights converted into 42,500 shares. The filing states Mr. Gundlach resigned as Executive Chairman and the Reporting Persons no longer have board representation.
Merlin, Inc. ownership disclosure: FR Capital Holdings, L.P., as investment manager, reports beneficial ownership of 12,302,060 shares of Merlin common stock, representing approximately 14.55% of the outstanding shares as of March 16, 2026.
The total comprises holdings by First Round Capital VI, L.P. (6,865,338 shares) and First Round Capital VIII-F, L.P. (5,436,722 shares). The filing states the outstanding share base was 84,262,885 shares as of that date. The disclosure is a joint Schedule 13G reporting passive beneficial ownership by related investment vehicles.
Merlin, Inc. ownership disclosure: FR Capital Holdings, L.P., as investment manager, reports beneficial ownership of 12,302,060 shares of Merlin common stock, representing approximately 14.55% of the outstanding shares as of March 16, 2026.
The total comprises holdings by First Round Capital VI, L.P. (6,865,338 shares) and First Round Capital VIII-F, L.P. (5,436,722 shares). The filing states the outstanding share base was 84,262,885 shares as of that date. The disclosure is a joint Schedule 13G reporting passive beneficial ownership by related investment vehicles.
Merlin, Inc. completed its business combination with Inflection Point Acquisition Corp. IV, transforming from a SPAC into an operating aerospace technology company focused on autonomous flight. Legacy Merlin became a wholly owned subsidiary through a reverse recapitalization, and the combined company now trades on Nasdaq under the symbol MRLN.
Legacy Merlin equity holders received an aggregate 75,764,313 shares of New Merlin common stock based on an $800,000,000 purchase price and a defined exchange ratio of 3.1015099176506644. Holders of approximately $87.3 million of pre-funded convertible notes were issued 10,244,861 shares of 12.0% Series A Cumulative Convertible Preferred Stock.
Concurrently, PIPE investors purchased 9,803,922 Series A Preferred shares and Series A warrants for $100.0 million, with an additional 1,666,668 Series A Preferred shares and upsized warrants for $20 million, totaling a $120.0 million PIPE. As of closing, 84,262,886 common shares and 21,715,451 Series A Preferred shares were outstanding, with significant ownership concentrated among early venture investors and the sponsor.
The filing also details new governance and compensation structures, including a reconstituted board led by CEO and Chairman Matt George, adoption of a 2026 Incentive Award Plan and Employee Stock Purchase Plan, executive severance and director compensation programs, and lock-up and registration rights agreements for key shareholders. Inflection Point ceased to be a shell company, and BDO was appointed as the new independent registered public accounting firm, with Legacy Merlin’s audited 2025 and 2024 financial statements and pro forma combined financials incorporated by reference.
Merlin, Inc. completed its business combination with Inflection Point Acquisition Corp. IV, transforming from a SPAC into an operating aerospace technology company focused on autonomous flight. Legacy Merlin became a wholly owned subsidiary through a reverse recapitalization, and the combined company now trades on Nasdaq under the symbol MRLN.
Legacy Merlin equity holders received an aggregate 75,764,313 shares of New Merlin common stock based on an $800,000,000 purchase price and a defined exchange ratio of 3.1015099176506644. Holders of approximately $87.3 million of pre-funded convertible notes were issued 10,244,861 shares of 12.0% Series A Cumulative Convertible Preferred Stock.
Concurrently, PIPE investors purchased 9,803,922 Series A Preferred shares and Series A warrants for $100.0 million, with an additional 1,666,668 Series A Preferred shares and upsized warrants for $20 million, totaling a $120.0 million PIPE. As of closing, 84,262,886 common shares and 21,715,451 Series A Preferred shares were outstanding, with significant ownership concentrated among early venture investors and the sponsor.
The filing also details new governance and compensation structures, including a reconstituted board led by CEO and Chairman Matt George, adoption of a 2026 Incentive Award Plan and Employee Stock Purchase Plan, executive severance and director compensation programs, and lock-up and registration rights agreements for key shareholders. Inflection Point ceased to be a shell company, and BDO was appointed as the new independent registered public accounting firm, with Legacy Merlin’s audited 2025 and 2024 financial statements and pro forma combined financials incorporated by reference.
Inflection Point Acquisition Corp. notified the removal of its Rights, Units from listing and registration on the Nasdaq Stock Market LLC. The Form 25 cites Nasdaq compliance with 17 CFR 240.12d2-2 and the issuer's compliance with the Exchange's rules for voluntary withdrawal; an expiry date appears as March 31, 2018.
Inflection Point Acquisition Corp. notified the removal of its Rights, Units from listing and registration on the Nasdaq Stock Market LLC. The Form 25 cites Nasdaq compliance with 17 CFR 240.12d2-2 and the issuer's compliance with the Exchange's rules for voluntary withdrawal; an expiry date appears as March 31, 2018.