X0202 SCHEDULE 13G/A 0000902664-26-001109 0000919185 XXXXXXXX LIVE 1 Common Stock, par value $0.0001 per share 03/31/2026 0002028707 Merlin, Inc. 590106100 1345 AVENUE OF THE AMERICAS 47TH FL NEW YORK NY 10105 Rule 13d-1(b) HIGHBRIDGE CAPITAL MANAGEMENT LLC DE 0.00 0.00 0.00 0.00 0.00 N 0 IA OO Merlin, Inc. 100 Causeway St, Floor 23, Boston, MA 02114 This statement is filed by Highbridge Capital Management, LLC ("Highbridge" or the "Reporting Person"), a Delaware limited liability company and the investment adviser to certain funds and accounts (the "Highbridge Funds"), with respect to the common stock, par value $0.0001 per share ("Common Stock"), of Merlin, Inc., a Delaware corporation (f/k/a Inflection Point Acquisition Corp. IV), that were directly held by the Highbridge Funds. The address of the business office of the Reporting Person is 390 Madison Avenue, 28th Floor, New York, NY 10017. Highbridge is a Delaware limited liability company. N IA The information required by Item 4(a) is set forth in Row 9 of the cover page for the Reporting Person and is incorporated herein by reference. 0.0% The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for the Reporting Person and is incorporated herein by reference. The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for the Reporting Person and is incorporated herein by reference. The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for the Reporting Person and is incorporated herein by reference. The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for the Reporting Person and is incorporated herein by reference. N Y Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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. HIGHBRIDGE CAPITAL MANAGEMENT LLC /s/ Kirk Rule 05/15/2026