M
Merlin, Inc.
MRLNCIK 0002028707NasdaqNon-AcceleratedSmaller ReportingEmerging GrowthServices-Computer Integrated Systems DesignE9KYFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$6.01M
Total Assets
$263.15M
Equity
$-11.17M
Shares Out
—
Op. Cash Flow
$-1.33M
Business
INFLECTION POINT ACQUISITION CORP. IV is a blank check company formed to identify and effectuate an initial business combination with one or more target companies. It offers capital and a public listing vehicle, sources and negotiates acquisitions, conducts due diligence, and provides shareholder redemption rights and proxy/tender offer processes in connection with prospective transactions. The company operates as a SPAC focused on sourcing targets in technology, media and telecommunications and sectors undergoing technology-driven transformation. It pursues opportunities globally through its management’s network, investment bankers, private equity, and other intermediaries.
Summary from filing dated 2025-03-10
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 |
|---|---|---|
| General and administrative expenses | 4 | |
| Loss from operations | −4 | |
| Compensation expense | −670,000 | |
| Interest earned on bank account | 56,002 | |
| Interest earned on investments held in Trust Account | 10 | |
| Total other income | 10 | |
| NET INCOME | 6 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2024 2024-06-30 |
|---|---|---|---|---|
| Cash | 703,596 | 2 | — | |
| Prepaid expenses | 6,212 | 23,150 | — | |
| Short-term prepaid insurance | 203,802 | 181,563 | — | |
| Total current assets | 913,610 | 2 | — | |
| Long-term prepaid insurance | — | 151,302 | — | |
| Investments held in Trust Account | 262 | 252 | — | |
| TOTAL ASSETS | 263 | 254 | — | |
| Accrued expenses | 2 | 3,451 | — | |
| Accrued offering costs | — | 75,000 | — | |
| Cash underwriting fee payable | 1 | 1 | — | |
| Total current liabilities | 3 | 1 | — | |
| Deferred underwriting fee payable | 9 | 9 | — | |
| TOTAL LIABILITIES | 12 | 10 | — | |
| COMMITMENTS AND CONTINGENCIES (Note 6) | — | — | — | |
| Preferred shares, $0.0001 par value; 5,000,000 shares authorized; none issued and outstanding at December 31, 2025 and 2024 | — | — | — | |
| Additional paid-in capital | — | — | — | |
| Accumulated deficit | −11 | −7 | — | |
| TOTAL SHAREHOLDERS DEFICIT | −11 | −7 | — | |
| TOTAL LIABILITIES, CLASS A ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS DEFICIT | 263 | 254 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 |
|---|---|---|
| Formation costs paid by Sponsor in exchange for issuance of Class B ordinary shares | — | |
| Payment of expenses through promissory note - related party | — | |
| Interest earned on marketable securities held in Trust Account | −10 | |
| Prepaid expenses | 16,938 | |
| Prepaid insurance | 129,063 | |
| Accrued expenses | 2 | |
| Net cash used in operating activities | −1 | |
| Investment of cash into Trust Account | — | |
| Net cash used in investing activities | — | |
| Proceeds from sale of Units, net of underwriting discounts paid | — | |
| Proceeds from sale of Private Placements Units | — | |
| Repayment of promissory note - related party | — | |
| Payment of offering costs | −75,000 | |
| Net cash (used in) provided by financing activities | −75,000 | |
| Net change in cash | −1 | |
| Deferred offering costs paid by Sponsor in exchange for issuance of Class B ordinary shares | — | |
| Deferred offering costs paid through promissory note related party | — | |
| Deferred underwriting fee payable | — |
Filings
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