SEC Filing Summary for Merlin, Inc. (MRLN)

This filing details the beneficial ownership of Merlin, Inc. (MRLN) by Quiet Capital Management, LLC. As of March 16, 2026, Quiet Capital Management, through its affiliated entities Quiet ML, Quiet V1, and Quiet V2, holds a significant stake in the company. This includes 12,896,007 shares of Common Stock. Additionally, they hold 47,676 shares of 12.0% Series A Cumulative Convertible Preferred Stock, convertible into Common Stock at an adjusted price of $6.67 per share. The filing also reports 49,195 Series A Warrants, with an adjusted exercise price of $6.67, expiring in 2031. These holdings are managed by Quiet Capital Management, LLC, which exercises voting and investment discretion. The conversion price and exercise price for the Series A Preferred Stock and Series A Warrants were automatically adjusted due to a PIPE transaction on May 1, 2026.