# EDGAR Filing Document

**Accession Number:** 0002028707
**File Stem:** 0001104659-26-057999
**Filing Date:** 2026-5
**Character Count:** 10739
**Document Hash:** 9840d4137ea50ff1c7793de0cef72be2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-057999.hdr.sgml**: 20260508

**ACCESSION NUMBER**: 0001104659-26-057999

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20260508

**DATE AS OF CHANGE**: 20260508

**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:** 26959304

**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:** Quiet Capital Management, LLC
- **CENTRAL INDEX KEY:** 0002131928

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G

**BUSINESS ADDRESS:**
- **STREET 1:** 548 MARKET STREET, PMB 72966
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94104
- **BUSINESS PHONE:** (415) 840-0555

**MAIL ADDRESS:**
- **STREET 1:** 548 MARKET STREET, PMB 72966
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94104

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**Issuer:** Merlin, Inc.

**Title of Class of Securities:** Common Stock, par value $0.0001 per share

**CUSIP Number:** —

**Date of Event Which Requires Filing of this Statement:** 03/16/2026

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [ ] Rule 13d-1(b)

- [x] Rule 13d-1(c)

- [ ] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>Quiet Capital Management, LLC | Names of Reporting Persons<br>Quiet Capital Management, LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [ ] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>13839884.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>13839884.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>0.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>13839884.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>13839884.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>16.24% | Percent of Class Represented by Amount in Row (9)<br>16.24% |
| 12. | Type of Reporting Person (See Instructions)<br>IA | Type of Reporting Person (See Instructions)<br>IA |

**Comment for Type of Reporting Person:** The reported securities represent (i) 12,896,007 shares of Common Stock, (ii) 464,534 shares of Common Stock issuable upon conversion of 12.0% Series A Cumulative Convertible Preferred Stock ("Series A Preferred Stock") and (iii) 479,343 shares of Common Stock issuable upon exercise of Series A Warrants.

The percent of class is calculated based on 84,262,886 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 & Exchange Commission on March 20, 2026, as increased by (i) 464,534 shares of Common Stock issuable upon conversion of Series A Preferred Stock and (ii) 479,343 shares of Common Stock issuable upon exercise of Series A Warrants.

---

**Item 1(a). Name of Issuer:**
Merlin, Inc.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
129 South Street Boston, MA, 02111

**Item 2(a). Name of Person Filing:**
This statement is filed by Quiet Capital Management, LLC, also referred to herein as the "Reporting Person."

**Item 2(b). Address of Principal Business Office:**
548 Market Street PMB 72966
San Francisco, CA 94104.

**Item 2(c). Citizenship:**
See response to row 4 on the cover page.

**Item 2(d). Title of Class of Securities:**
Common Stock, par value $0.0001 per share

**Item 2(e). CUSIP Number:**
—

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

See response to row 9 on the cover page.
The reported securities represent (i) 12,896,007 shares of Common Stock, (ii) 464,534 shares of Common Stock issuable upon conversion of Series A Preferred Stock and (iii) 479,343 shares of Common Stock issuable upon exercise of Series A Warrants. The Series A Preferred Stock and Series A Warrants are convertible into Common Stock on a one-for-one basis at any time at the option of the holder at a conversion price or exercise price, as applicable, of $6.67, subject to adjustments. In connection with a PIPE transaction effected by the Issuer on May 1, 2026, the conversion price of the Series A Preferred Stock and exercise price of the Series A Warrants, which originally was $12, was automatically adjusted pursuant to the terms of the Certificate of Designation of Preferences, Rights and Limitations of 12.0% Series A Cumulative Convertible Preferred Stock and the terms of the Warrants, in each case as in effect on the original date of acquisition of the Series A Preferred Stock and Series A Warrants.
The reported securities are directly held as follows: 495,590 shares of Common Stock by Quiet ML, L.P. ("Quiet ML"), 3,497,280 shares of Common Stock by Quiet Venture I, LP ("Quiet V1"); 8,903,137 shares of Common Stock by Quiet Venture II, L.P. ("Quiet V2," and together with Quiet ML and Quiet V1, the "Quiet Direct Holders"); 47,676 shares of Series A Preferred Stock by Quiet ML, 35,450 shares of Series A Preferred Stock by Quiet V1; 381,408 shares of Series A Preferred Stock by Quiet V2; 49,195 Series A Warrants by Quiet ML; 36,579 Series A Warrants by Quiet V1; and 393,569 Series A Warrants by Quiet V2. Each of the Quiet Direct Holders is managed by Quiet Capital Management, LLC, whose investment committee exercises voting and investment discretion of, and therefore may be deemed to beneficially own, the reported securities. The filing of this statement shall not be construed as an admission that the Reporting Person or any of the foregoing is the beneficial owners of any of the reported securities covered by this statement.

**(b) Percent of class:**

See response to row 11 on the cover page.

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

See response to row 5 on the cover page.

**(ii) Shared power to vote or to direct the vote:**

See response to row 6 on the cover page.

**(iii) Sole power to dispose or to direct the disposition of:**

See response to row 7 on the cover page.

**(iv) Shared power to dispose or to direct the disposition of:**

See response to row 8 on the cover page.

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

Not Applicable

**Item 7. Identification and Classification of the Subsidiary**

Not Applicable

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

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.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Quiet Capital Management, LLC**

**Date:** 05/08/2026

**By:** /s/ Kabir Masson

**Name & Title:** Kabir Masson / General Counsel