Merlin Labs, Inc. and Inflection Point Acquisition Corp. IV Announce Upsizing of PIPE Investment to More Than $200 Million
Merlin Labs, Inc. (“Merlin”), a leading developer of assured, autonomous flight technology for defense customers, and Inflection Point Acquisition Corp. IV (Nasdaq: BACQ) (“Inflection Point”) today announced a significant increase to their previously disclosed private investment in public equity (“PIPE”). The increase comes from both new investors and existing investors increasing their commitments, bringing total PIPE commitments to more than $200 million, of which over $85 million has already been funded.
Merlin Appoints Ryan Carrithers as Chief Financial Officer, Increasing Public Market Readiness
Merlin Labs, Inc., a leading developer of assured, autonomous flight technology for defense customers, today appointed Ryan Carrithers as its new Chief Financial Officer. Carrithers joins Merlin at a pivotal moment as the company prepares to go public in a Business Combination with Inflection Point Acquisition Corp. IV (Nasdaq: BACQ). In this role, he will oversee all of Merlin’s financial operations and strategy, investor relations, M&A or strategic partnerships that support its autonomy roadmap, and capital markets engagement as Merlin accelerates toward its public company transition.
