X0202 SCHEDULE 13G 0001860171 XXXXXXXX LIVE Common Stock, par value $0.0001 per share 03/16/2026 0002028707 Merlin, Inc. 590106100 129 South Street Boston MA 02111 Rule 13d-1(c) SnowPoint Ventures, LP b DE 0.00 1980701.00 0.00 1980701.00 1980701.00 2.3 PN SnowPoint Growth I.II, LLC b DE 0.00 6272239.00 0.00 6272239.00 6272239.00 7.3 OO SnowPoint Ventures GP, LLC b DE 0.00 8252940.00 0.00 8252940.00 8252940.00 9.6 OO Alexander Creasey b X1 0.00 8252940.00 0.00 8252940.00 8252940.00 9.6 IN Douglas Philippone b X1 0.00 8252940.00 0.00 8252940.00 8252940.00 9.6 IN Merlin, Inc. 129 South Street, Boston, MA, 02111. 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. 595 Pacific Ave., 4th Floor San Francisco, CA 94133 SP Ventures Delaware SP Growth I.II Delaware SP Ventures GP Delaware Creasey United States Philippone United States Y 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. 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. 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. 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. 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. 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. 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 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. Exhibit 99.1 Joint Filing Agreement SnowPoint Ventures, LP /s/ Alexander Creasey 03/23/2026 SnowPoint Growth I.II, LLC /s/ Alexander Creasey 03/23/2026 SnowPoint Ventures GP, LLC /s/ Alexander Creasey 03/23/2026 Alexander Creasey /s/ Alexander Creasey 03/23/2026 Douglas Philippone /s/ Douglas Philippone 03/23/2026