Merlin raises $80 million through private equity investment
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Merlin, Inc. Announces $80 Million PIPE Investment to Accelerate Program Execution and Unlock New Growth Opportunities
April 29, 2026 9:18 AM EDTBOSTON, April 29, 2026 (GLOBE NEWSWIRE) -- Merlin, Inc. (Nasdaq: MRLN) ("Merlin" or the "Company"), a leading developer of assured, autonomous flight technology, today announced that it has entered into a securities purchase agreement with an existing fundamental institutional shareholder to raise $80 million of equity capital via a private investment in public equity ("PIPE").
The Company currently has approximately $107 million in cash and cash equivalents and, with this financing, expects total cash resources of $183 million, reinforcing balance sheet strength and providing substantial financial flexibility to accelerate Merlins growth plan, 20262027 program milestones and commercial launch... More
