Article

Merlin BACQ has completed its merger with Inflection Point Acquisition Corp. IV, finalized on March 16, with trading on Nasdaq to commence on March 17 under the ticker 'BACQ'. The merger secures approximately $200 million in gross proceeds, positioning Merlin for growth in AI-driven autonomous aviation.

The pre-money valuation stands at $800 million. The funding includes contributions from Inflection Point and existing investors such as Baillie Gifford. Inflection Point Acquisition Corp IV has a market capitalization of around $259.26 million and no reported revenue growth, with a debt-to-equity ratio of 0 and a cash ratio of 0.34. Institutional ownership is at 54.07%.