MRLN

Merlin, Inc.

Nasdaq · Services-Computer Integrated Systems Design · EDGAR filings (CIK 2028707) · 1 signals · 0 setups · updated Aug 16, 2026

What the filings say Pressure ▼

Several filing signals but no multi-filing setup yet; see the timeline.

Radar 23 (low attention) · dilution pressure low · listing risk low · governance risk low · runway 21.4 mo · strongest signal: Negative equity (Jun 30, 2026)

Direction is stated for existing shareholders (▼ more shares / survival or listing risk; ▲ insiders or holders buying). It is a characterization of the filings, not a forecast or a recommendation.

23Radar · attention score (0–100)

31Dilution pressure · financing + balance sheet

0Listing risk · exchange standards

0Governance risk · reporting, auditor, going concern

Analyst note

No note yet. Notes are written each morning for the top-ranked setups; Pro subscribers get them in full the same day.

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Alerts

One email the morning MRLN files anything that matches your rules (types, minimum score, setups).

12-month history

Every signal and setup for MRLN back a year, not just 30 days — see how the current setup built.

Full analyst notes

What we noticed, evidence with links, what could prove us wrong, red-team caveats.

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Balance sheet (XBRL)

$183.6Mcash + short-term investments as of Jun 30, 2026

21.4 moestimated runway (annualized 180-day YTD operating cash flow [companyfacts])

$-99.9Mstockholders' equity as of Jun 30, 2026

$257.8Mpublic float (10-K cover)

101.1Mshares outstanding as of Aug 11, 2026 · was 96.5M May 13, 2026

Runway = liquidity ÷ monthly operating burn at the latest reported period · balance sheet 47 days old. A financing after the balance-sheet date is the main reason a figure can be stale — check the timeline below for offerings since then.

Signal timeline

Last 30 days of filing signals plus current balance-sheet flags, newest first. ▼ pressure · ▲ support · hover a score for its components; every row links to the filing.

Date	Signal	Evidence	Score
Jun 30, 2026	▼ Negative equity	Stockholders' equity $-99,929,000 as of 2026-06-30 filing	31

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