Notice of Shareholder Meeting and Proxy Statement

FR Capital Holdings, L.P. and its related entities, First Round Capital VI, L.P. and First Round Capital VIII-F, L.P., collectively hold 12,302,060 shares of Merlin, Inc. common stock, representing approximately 14.5% of the outstanding shares. This filing is an amendment to their previous Schedule 13G filing. The shares held include common stock, convertible preferred stock, and warrants. The reporting persons acquired these securities for investment purposes and not with the intent to influence or control the issuer. The filing details the breakdown of shares held by each entity and the voting and dispositive power they possess.