<SEC-DOCUMENT>0001860171-26-000004.txt : 20260324
<SEC-HEADER>0001860171-26-000004.hdr.sgml : 20260324
<ACCEPTANCE-DATETIME>20260324163756
ACCESSION NUMBER:		0001860171-26-000004
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20260324
DATE AS OF CHANGE:		20260324

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Merlin, Inc.
		CENTRAL INDEX KEY:			0002028707
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
		ORGANIZATION NAME:           	06 Technology
		EIN:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-94682
		FILM NUMBER:		26786941

	BUSINESS ADDRESS:	
		STREET 1:		1345 AVENUE OF THE AMERICAS
		STREET 2:		47TH FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10105
		BUSINESS PHONE:		9177692999

	MAIL ADDRESS:	
		STREET 1:		1345 AVENUE OF THE AMERICAS
		STREET 2:		47TH FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10105

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INFLECTION POINT ACQUISITION CORP. IV
		DATE OF NAME CHANGE:	20251021

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Bleichroeder Acquisition Corp. I
		DATE OF NAME CHANGE:	20240627

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SnowPoint Ventures, LP
		CENTRAL INDEX KEY:			0001860171
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G

	BUSINESS ADDRESS:	
		STREET 1:		595 PACIFIC AVENUE 4TH FLOOR
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94133
		BUSINESS PHONE:		9175587699

	MAIL ADDRESS:	
		STREET 1:		595 PACIFIC AVENUE 4TH FLOOR
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94133
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0202</schemaVersion>
<headerData>
    <submissionType>SCHEDULE 13G</submissionType>
	    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001860171</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>





    </filerInfo>
  </headerData>

  <formData>
    <coverPageHeader>
	      <securitiesClassTitle>Common Stock, par value $0.0001 per share</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>03/16/2026</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0002028707</issuerCik>        <issuerName>Merlin, Inc.</issuerName>

        <issuerCusips>

          <issuerCusipNumber>590106100</issuerCusipNumber>

        </issuerCusips>

        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>129 South Street</com:street1>
                    <com:city>Boston</com:city>
          <com:stateOrCountry>MA</com:stateOrCountry>
          <com:zipCode>02111</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>

	        <designateRulesPursuantThisScheduleFiled>
	   				        <designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled>
		      </designateRulesPursuantThisScheduleFiled>

    </coverPageHeader>

	    <coverPageHeaderReportingPersonDetails>




    <reportingPersonName>SnowPoint Ventures, LP</reportingPersonName>

	  		<memberGroup>b</memberGroup>


		 <citizenshipOrOrganization>DE</citizenshipOrOrganization>

      <reportingPersonBeneficiallyOwnedNumberOfShares>
                <soleVotingPower>0.00</soleVotingPower>
                          <sharedVotingPower>1980701.00</sharedVotingPower>
                          <soleDispositivePower>0.00</soleDispositivePower>
                         <sharedDispositivePower>1980701.00</sharedDispositivePower>
             </reportingPersonBeneficiallyOwnedNumberOfShares>

              <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>1980701.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>


     	    <classPercent>2.3</classPercent>





	        <typeOfReportingPerson>PN</typeOfReportingPerson>









    </coverPageHeaderReportingPersonDetails>
	    <coverPageHeaderReportingPersonDetails>




    <reportingPersonName>SnowPoint Growth I.II, LLC</reportingPersonName>

	  		<memberGroup>b</memberGroup>


		 <citizenshipOrOrganization>DE</citizenshipOrOrganization>

      <reportingPersonBeneficiallyOwnedNumberOfShares>
                <soleVotingPower>0.00</soleVotingPower>
                          <sharedVotingPower>6272239.00</sharedVotingPower>
                          <soleDispositivePower>0.00</soleDispositivePower>
                         <sharedDispositivePower>6272239.00</sharedDispositivePower>
             </reportingPersonBeneficiallyOwnedNumberOfShares>

              <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>6272239.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>


     	    <classPercent>7.3</classPercent>











	        <typeOfReportingPerson>OO</typeOfReportingPerson>



    </coverPageHeaderReportingPersonDetails>
	    <coverPageHeaderReportingPersonDetails>



    <reportingPersonName>SnowPoint Ventures GP, LLC</reportingPersonName>

	  		<memberGroup>b</memberGroup>


		 <citizenshipOrOrganization>DE</citizenshipOrOrganization>

      <reportingPersonBeneficiallyOwnedNumberOfShares>
                <soleVotingPower>0.00</soleVotingPower>
                          <sharedVotingPower>8252940.00</sharedVotingPower>
                          <soleDispositivePower>0.00</soleDispositivePower>
                         <sharedDispositivePower>8252940.00</sharedDispositivePower>
             </reportingPersonBeneficiallyOwnedNumberOfShares>

              <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>8252940.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>


     	    <classPercent>9.6</classPercent>











	        <typeOfReportingPerson>OO</typeOfReportingPerson>



    </coverPageHeaderReportingPersonDetails>
	    <coverPageHeaderReportingPersonDetails>



    <reportingPersonName>Alexander Creasey</reportingPersonName>

	  		<memberGroup>b</memberGroup>


		 <citizenshipOrOrganization>X1</citizenshipOrOrganization>

      <reportingPersonBeneficiallyOwnedNumberOfShares>
                <soleVotingPower>0.00</soleVotingPower>
                          <sharedVotingPower>8252940.00</sharedVotingPower>
                          <soleDispositivePower>0.00</soleDispositivePower>
                         <sharedDispositivePower>8252940.00</sharedDispositivePower>
             </reportingPersonBeneficiallyOwnedNumberOfShares>

              <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>8252940.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>


     	    <classPercent>9.6</classPercent>










	        <typeOfReportingPerson>IN</typeOfReportingPerson>




    </coverPageHeaderReportingPersonDetails>
	    <coverPageHeaderReportingPersonDetails>



    <reportingPersonName>Douglas Philippone</reportingPersonName>

	  		<memberGroup>b</memberGroup>


		 <citizenshipOrOrganization>X1</citizenshipOrOrganization>

      <reportingPersonBeneficiallyOwnedNumberOfShares>
                <soleVotingPower>0.00</soleVotingPower>
                          <sharedVotingPower>8252940.00</sharedVotingPower>
                          <soleDispositivePower>0.00</soleDispositivePower>
                         <sharedDispositivePower>8252940.00</sharedDispositivePower>
             </reportingPersonBeneficiallyOwnedNumberOfShares>

              <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>8252940.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>


     	    <classPercent>9.6</classPercent>










	        <typeOfReportingPerson>IN</typeOfReportingPerson>




    </coverPageHeaderReportingPersonDetails>

    <items>
      <item1>
        <issuerName>Merlin, Inc.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>129 South Street, Boston, MA, 02111.</issuerPrincipalExecutiveOfficeAddress>
      </item1>

      <item2>
        <filingPersonName>The names of the persons filing this report (collectively, the "Reporting Persons") are:

SnowPoint Ventures, LP ("SP Ventures")
SnowPoint Growth I.II, LLC ("SP Growth I.II")
SnowPoint Ventures GP, LLC ("SP Ventures GP")
Alexander Creasey	("Creasey")
Douglas Philippone	("Philippone")

The Reporting Persons expressly disclaim status as a "group" for purposes of this Schedule 13G.</filingPersonName>        <principalBusinessOfficeOrResidenceAddress>595 Pacific Ave., 4th Floor
San Francisco, CA 94133</principalBusinessOfficeOrResidenceAddress>        <citizenship>SP Ventures		Delaware
SP Growth I.II		Delaware
SP Ventures GP	Delaware
Creasey			United States
Philippone		United States
</citizenship>      </item2>

        <item3>
		        <notApplicableFlag>Y</notApplicableFlag>

      </item3>



    <item4>
    <amountBeneficiallyOwned>Row 9 of each Reporting Person's cover page to this Schedule 13G sets forth the aggregate number of shares of common stock of the Issuer beneficially owned by such Reporting Person and is incorporated by reference.

The Reporting Persons' ownership of the Issuer's securities consists of (i) 1,593,002 shares of common stock, 190,914 shares of Series A preferred stock ("Preferred Stock") immediately convertible into common stock on a one-for-one basis, and warrants (the "Warrants") immediately exercisable for up to 196,785 shares of common stock held directly by SP Ventures; and (ii) 5,044,528 shares of common stock, 604,560 shares of Preferred Stock immediately convertible into common stock on a one-for-one basis, and Warrants immediately exercisable for up to 623,151 shares of common stock held directly by SP Growth I.II.

SP Ventures GP is the general partner of SP Ventures and the manager of SP Growth I.II and Messrs. Creasey and Philippone are the managers of SP Ventures GP.  Each of SP Ventures GP, and Messrs. Creasey and Philippone shares voting and investment authority over the shares held by each of SP Ventures and SP Growth I.II.  </amountBeneficiallyOwned>    <classPercent>Row 11 of each Reporting Person's cover page to this Schedule 13G sets forth the percentages of the shares of common stock of the Issuer beneficially owned by such Reporting Person and is incorporated by reference. The percentage set forth in each row 11 is based upon 84,262,893 shares of common stock outstanding as of March 16, 2026 as reported in the Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") on March 20, 2026, and giving effect to the conversion of Preferred Stock and exercise of Warrants held by the Reporting Persons, to the extent convertible and/or exercisable within 60 days hereof, as referenced herein.</classPercent>
      <numberOfSharesPersonHas>
        <solePowerOrDirectToVote>Row 5 of each Reporting Person's cover page to this Schedule 13G sets forth the sole power to vote or to direct the vote of securities of the Issuer beneficially owned by such Reporting Person and is incorporated by reference.</solePowerOrDirectToVote>
        <sharedPowerOrDirectToVote>Row 6 of each Reporting Person's cover page to this Schedule 13G sets forth the shared power to vote or to direct the vote of securities of the Issuer beneficially owned by such Reporting Person and is incorporated by reference.</sharedPowerOrDirectToVote>
        <solePowerOrDirectToDispose>Row 7 of each Reporting Person's cover page to this Schedule 13G sets forth the sole power to dispose or to direct the disposition of securities of the Issuer beneficially owned by such Reporting Person and is incorporated by reference.</solePowerOrDirectToDispose>
        <sharedPowerOrDirectToDispose>Row 8 of each Reporting Person's cover page to this Schedule 13G sets forth the shared power to dispose or to direct the disposition of securities of the Issuer beneficially owned by such Reporting Person and is incorporated by reference.</sharedPowerOrDirectToDispose>
      </numberOfSharesPersonHas>
    </item4>


        <item5>
	          <notApplicableFlag>Y</notApplicableFlag>


    </item5>


        <item6>
	  	  <notApplicableFlag>Y</notApplicableFlag>
		        </item6>


        <item7>
	  	  <notApplicableFlag>Y</notApplicableFlag>


    </item7>


          <item8>
                <notApplicableFlag>Y</notApplicableFlag>

              </item8>


            <item9>
                <notApplicableFlag>Y</notApplicableFlag>
                      </item9>


      <item10>
                <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>

      </item10>
    </items>

		<exhibitInfo>Exhibit 99.1	Joint Filing Agreement</exhibitInfo>

	    <signatureInformation>
      <reportingPersonName>SnowPoint Ventures, LP</reportingPersonName>

      <signatureDetails>
        <signature>/s/ Alexander Creasey</signature>
        <title>By SnowPoint Ventures GP, LLC, Its General Partner, By Alexander Creasey, Manager</title>
        <date>03/23/2026</date>
      </signatureDetails>

    </signatureInformation>
	     <signatureInformation>
      <reportingPersonName>SnowPoint Growth I.II, LLC</reportingPersonName>

      <signatureDetails>
        <signature>/s/ Alexander Creasey</signature>
        <title>By SnowPoint Ventures GP, LLC, Its Manager, By Alexander Creasey, Manager</title>
        <date>03/23/2026</date>
      </signatureDetails>

    </signatureInformation>
	     <signatureInformation>
      <reportingPersonName>SnowPoint Ventures GP, LLC</reportingPersonName>

      <signatureDetails>
        <signature>/s/ Alexander Creasey</signature>
        <title>By Alexander Creasey, Manager</title>
        <date>03/23/2026</date>
      </signatureDetails>

    </signatureInformation>
	     <signatureInformation>
      <reportingPersonName>Alexander Creasey</reportingPersonName>

      <signatureDetails>
        <signature>/s/ Alexander Creasey</signature>
        <title>Alexander Creasey</title>
        <date>03/23/2026</date>
      </signatureDetails>

    </signatureInformation>
	     <signatureInformation>
      <reportingPersonName>Douglas Philippone</reportingPersonName>

      <signatureDetails>
        <signature>/s/ Douglas Philippone</signature>
        <title>Douglas Philippone</title>
        <date>03/23/2026</date>
      </signatureDetails>

    </signatureInformation>



  </formData>


    </edgarSubmission>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex-99-03242026_080353.htm
<DESCRIPTION>JOINT FILING AGREEMENT
<TEXT>
<!DOCTYPE html PUBLIC "-//IETF//DTD HTML//EN">
<html><head><title>ex-99-03242026_080353.htm</title></head><body style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
<p style="margin-top:0px; margin-bottom:17.6px; padding-left:36px; font-size:11pt" align="center">EXHIBIT 99.1</p>
<p style="margin-top:0px; margin-bottom:17.6px; padding-left:36px; font-size:11pt" align="center">JOINT FILING AGREEMENT</p>
<p style="margin:0px; font-size:11pt">We, the undersigned, hereby express our agreement that the Schedule 13G (or any amendments thereto) relating to the common stock of Merlin, Inc. is filed on behalf of each of us.</p>
<p style="margin:0px"><br></p>
<p style="margin-top:0px; margin-bottom:17.6px; font-size:11pt">Dated: March 23, 2026</p>
<p style="margin:0px; font-size:11pt"><b>SnowPoint Ventures, LP</b></p>
<p style="margin:0px"><br></p>
<p style="margin-top:0px; margin-bottom:-2px; width:30px; font-size:11pt; float:left">By: </p>
<p style="margin:0px; text-indent:-2px; font-size:11pt">SnowPoint Ventures GP, LLC</p>
<p style="margin-top:0px; margin-bottom:-2px; width:30px; font-size:11pt; clear:left; float:left">its </p>
<p style="margin:0px; text-indent:-2px; font-size:11pt">General Partner</p>
<p style="margin:0px; clear:left"><br></p>
<p style="margin-top:0px; margin-bottom:-2px; width:30px; font-size:11pt; float:left">By:</p>
<p style="margin:0px; text-indent:-2px; font-size:11pt"><u>/s/ Alexander Creasey</u></p>
<p style="margin:0px; text-indent:30px; font-size:11pt; clear:left">Name: Alexander Creasey</p>
<p style="margin:0px; text-indent:30px; font-size:11pt">Title: Manager</p>
<p style="margin:0px"><br></p>
<p style="margin:0px"><br></p>
<p style="margin:0px; font-size:11pt"><b>SnowPoint Growth I.II, LLC</b></p>
<p style="margin:0px"><br></p>
<p style="margin-top:0px; margin-bottom:-2px; width:30px; font-size:11pt; float:left">By: </p>
<p style="margin:0px; text-indent:-2px; font-size:11pt">SnowPoint Ventures GP, LLC</p>
<p style="margin-top:0px; margin-bottom:-2px; width:30px; font-size:11pt; clear:left; float:left">its </p>
<p style="margin:0px; text-indent:-2px; font-size:11pt">Manager</p>
<p style="margin:0px; clear:left"><br></p>
<p style="margin-top:0px; margin-bottom:-2px; width:30px; font-size:11pt; float:left">By:</p>
<p style="margin:0px; text-indent:-2px; font-size:11pt"><u>/s/ Alexander Creasey</u></p>
<p style="margin:0px; text-indent:30px; font-size:11pt; clear:left">Name: Alexander Creasey</p>
<p style="margin:0px; text-indent:30px; font-size:11pt">Title: Manager</p>
<p style="margin:0px"><br></p>
<p style="margin:0px"><br></p>
<p style="margin:0px; font-size:11pt"><b>SnowPoint Ventures GP, LLC</b></p>
<p style="margin:0px"><br></p>
<p style="margin-top:0px; margin-bottom:-2px; width:30px; font-size:11pt; float:left">By:</p>
<p style="margin:0px; text-indent:-2px; font-size:11pt"><u>/s/ Alexander Creasey</u></p>
<p style="margin:0px; text-indent:30px; font-size:11pt; clear:left">Name: Alexander Creasey</p>
<p style="margin:0px; text-indent:30px; font-size:11pt">Title: Manager</p>
<p style="margin:0px"><br></p>
<p style="margin:0px"><br></p>
<p style="margin:0px; font-size:11pt"><b>Alexander Creasey</b></p>
<p style="margin:0px"><br></p>
<p style="margin:0px; font-size:11pt"><u>/s/ Alexander Creasey </u></p>
<p style="margin:0px"><br></p>
<p style="margin:0px"><br></p>
<p style="margin:0px; font-size:11pt"><b>Douglas Philippone</b></p>
<p style="margin:0px"><br></p>
<p style="margin:0px; font-size:11pt"><u>/s/ Douglas Philippone </u></p>
<p style="margin:0px"><br></p>
<p style="margin:0px"><br></p>
<p style="margin:0px"><br></p>
<p style="margin:0px"><br></p>
<p style="margin:0px"><br></p>
</body></html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
