---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-076126"
form_type: "8-K"
ticker: "MRLN"
cik: "0002028707"
company_name: "Merlin, Inc."
filed_at: "2025-08-14T23:59:59+00:00"
generated_at: "2026-05-17T13:41:24.802677+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Bleichroeder Acquisition Corp. I to merge with Merlin Labs in $800M SPAC deal

## Summary
- Deal valued at $800M; expected close in Q1 2026 subject to shareholder and regulatory approvals.
- SPAC will redomesticate to Delaware and rename to 'Merlin Labs, Inc.' upon closing.
- Consideration payable in shares of new common stock; pre-funded notes and warrants converted separately.
- Post-closing board to have up to 7 members; 2 appointed by SPAC CEO, remainder by Merlin Labs.

## SEC filing metadata
- accession: 0001213900-25-076126
- form_type: 8-K
- ticker: MRLN
- cik: 0002028707
- company_name: Merlin, Inc.
- filed_at: 2025-08-14T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2028707/000121390025076126/0001213900-25-076126-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2028707/000121390025076126/ea0252996-8k425_bleichro1.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-076126
- JSON: https://secwatch.observer/filing/0001213900-25-076126.json
- Plain text: https://secwatch.observer/filing/0001213900-25-076126.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.