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Merlin

Closed (deSPAC)

Profile in progress

What it is
Merlin is an aerospace and defense technology company building the operating system of record for autonomous flight
What it’s doing now
Merging with INFLECTION POINT ACQUISITION CORP. IV (BACQ) — closed (despac).
What you should know
Data is still being assembled for this company — what is shown below is everything we have verified so far.

The business, per its filings

SEC primary

Merlin is an aerospace and defense technology company building the operating system of record for autonomous flight. Through a first-principles approach, the company is redefining what’s possible across aviation, aerospace, and defense with the goal of delivering full-stack autonomy for any aircraft, military or civilian, from takeoff to touchdown. The Merlin Pilot system powers a growing range of aircraft and mission profiles, proven through hundreds of autonomous flights from test facilities across the globe. With $100M+ total in awarded contracts from military customers, Merlin is advancing American leadership in autonomous aviation by helping to solve national security challenges through safe, reliable autonomy. To learn more, visit www.merlinlabs.com or follow us on X @merlinaero .

What the company says about itself

Web research — not audited

Merlin is a U.S.-based developer of aircraft-agnostic, AI-powered autonomy software for military and civil programs. The company holds a $105M USSOCOM contract ceiling to bring autonomy to the C-130J fleet and has proven its technology through hundreds of hours of autonomous flights.

Markets:
Aerospace | Autonomous Aviation | Military
Products:
Merlin Pilot
Customers:
U.S. Special Operations Command
What our web check found

[WEB-INTEL 2026-08-26] 4 finding(s) · revenue (web claim — NOT STORED) — FILING: no revenue figure on our filed record · WEB: $105M USSOCOM Contract Ceiling [https://www.merlinlabs.com] — filing stands; recorded, not resolved. · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Merlin is raising $80M via a PIPE, issuing 8M shares at $10 plus 4M warrants at $6.67, boosting cash to $183M to fund autonomy programs" [https://www.stocktitan.net/sec-filings/BACQ/8-k-merlin-inc-reports-material-event-9ab57c167502.html] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Merlin, Inc. Announces $80 Million PIPE Investment to Accelerate Program Execution and Unlock New Growth Opportunities. April 29, 2026." [https://investors.merlinlabs.com/news-releases/news-release-details/merlin-inc-announces-80-million-pipe-investment-accelerate] · web source asserts a FILING-ONLY figure (deadline / trust / status / floor / price) and it was NOT stored: "Closing is expected on or about May 1, 2026, subject to customary conditions." [https://www.stocktitan.net/sec-filings/BACQ/8-k-merlin-inc-reports-material-event-9ab57c167502.html]

Source: https://merlinlabs.com/ · captured Aug 26, 2026 · marketing claims are reported as claims, never merged into the filed figures above.

The deal it’s entering

Merlin is merging with INFLECTION POINT ACQUISITION CORP. IV (BACQ) currently marked Closed (deSPAC).

Headline equity value—
PIPE≈ $0M · unsourced

Structure per SEC accession(s) 0001213900-26-004193. How to read these numbers: headline vs effective valuation · what a definitive agreement commits

What exactly is being valued, and at what

Common questions

Is Merlin going public?

Merlin has an approved merger with the SPAC INFLECTION POINT ACQUISITION CORP. IV (BACQ). Deal status: Closed (deSPAC).

Does Merlin have revenue?

The filings we've parsed don't state a usable revenue figure yet; this profile is updated as new documents land.

Educational content, not investment advice.

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  • BBCQ — Bleichroeder Acquisition II · Closed (deSPAC)