{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-111321","form_type":"8-K","ticker":"MRLN","cik":"0002028707","company_name":"Merlin, Inc.","filed_at":"2025-11-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.382859+00:00","generated_at":"2026-05-16T19:24:48.085091+00:00","sec_items":["1.01","3.02","7.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.75,"confidence":"high","headline":"Merlin Labs & Inflection Point upsize PIPE to >$200M, including $85M pre-funded","bullets":["Existing PIPE investor increased its commitment from $50M to $100M (9.8M preferred shares).","New PIPE investors committed to purchase 1.67M preferred shares and warrants.","Pre-funded convertible note investor added ~$9.3M for ~$10.9M principal note.","Total PIPE commitments now >$200M; over $85M has been funded.","Business combination with Merlin Labs expected to close early 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-111321","json":"https://secwatch.observer/filing/0001213900-25-111321.json","markdown":"https://secwatch.observer/filing/0001213900-25-111321.md","text":"https://secwatch.observer/filing/0001213900-25-111321.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2028707/000121390025111321/0001213900-25-111321-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2028707/000121390025111321/ea0265934-8k425_inflec4.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T19:24:48.085091+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}