Merlin to Raise $80 Million of Equity Capital via PIPE Investment
Idag, 16:24
10:24 AM EDT, 04/29/2026 (MT Newswires) -- Merlin (MRLN) has entered into a securities purchase deal with a fundamental institutional shareholder to raise $80 million of equity capital through a private investment in public equity, the company said Wednesday.
Under the terms of the agreement, the company said it will issue 8 million shares of common stock, and warrants to buy 4 million shares at a strike price of $6.67 per share, with an expiry date of 5 years from the issue date.
The company said it plans to use the proceeds to support advancement of core platform development, regulatory approval funding, program capacity scaling, and the execution and expansion of existing and new customer contracts.
The transaction is expected to close on or about Friday, Merlin said.
Price: 9.45, Change: -2.12, Percent Change: -18.30
Ämnen i artikeln
Merlin to Raise $80 Million of Equity Capital via PIPE Investment
Idag, 16:24
10:24 AM EDT, 04/29/2026 (MT Newswires) -- Merlin (MRLN) has entered into a securities purchase deal with a fundamental institutional shareholder to raise $80 million of equity capital through a private investment in public equity, the company said Wednesday.
Under the terms of the agreement, the company said it will issue 8 million shares of common stock, and warrants to buy 4 million shares at a strike price of $6.67 per share, with an expiry date of 5 years from the issue date.
The company said it plans to use the proceeds to support advancement of core platform development, regulatory approval funding, program capacity scaling, and the execution and expansion of existing and new customer contracts.
The transaction is expected to close on or about Friday, Merlin said.
Price: 9.45, Change: -2.12, Percent Change: -18.30
Ämnen i artikeln
Rapporter
Analys
Rapporter
Analys
Marknadsöversikt
1 DAG %
Senast
1 mån
