BACQR
Inflection Point Acquisition Corp. IV Right
stock NASDAQ

[Merlin and Inflection Point Acquisition Corp. IV Announce Closing of Business Combination](https://www.globenewswire.com/news-release/2026/03/16/3256687/0/en/Merlin-and-Inflection-Point-Acquisition-Corp-IV-Announce-Closing-of-Business-Combination.html) \- BACQ BACQR/10 -> MRLN on March 17, 2026
MRLN has begun trading this morning. No redemption information provided yet, although from the PR it sounds like might be heavy redemptions:
"The transaction provides approximately $200 million in gross proceeds, including a fully committed PIPE anchored by Inflection Point, existing Merlin investors, including Baillie Gifford, and several new institutional investors."
No mention of "cash from trust", and [the PIPE was announced to be "more than $200 million" in November](https://www.businesswire.com/news/home/20251117366981/en/Merlin-Labs-Inc.-and-Inflection-Point-Acquisition-Corp.-IV-Announce-Upsizing-of-PIPE-Investment-to-More-Than-%24200-Million).
25 million public BACQR rights will convert into 2.5 million public MRLN shares.

[Merlin and Inflection Point Acquisition Corp. IV Announce Closing of Business Combination](https://www.globenewswire.com/news-release/2026/03/16/3256687/0/en/Merlin-and-Inflection-Point-Acquisition-Corp-IV-Announce-Closing-of-Business-Combination.html) \- BACQ BACQR/10 -> MRLN on March 17, 2026
MRLN has begun trading this morning. No redemption information provided yet, although from the PR it sounds like might be heavy redemptions:
"The transaction provides approximately $200 million in gross proceeds, including a fully committed PIPE anchored by Inflection Point, existing Merlin investors, including Baillie Gifford, and several new institutional investors."
No mention of "cash from trust", and [the PIPE was announced to be "more than $200 million" in November](https://www.businesswire.com/news/home/20251117366981/en/Merlin-Labs-Inc.-and-Inflection-Point-Acquisition-Corp.-IV-Announce-Upsizing-of-PIPE-Investment-to-More-Than-%24200-Million).
25 million public BACQR rights will convert into 2.5 million public MRLN shares.