$MRLN

Update: Merlin Shares Surge After Critical Design Review Completed for C-130J Autonomy Program

(Updates with recent stock movement in the headline and the first paragraph.)Merlin (MRLN) shares were up more than 27% in Friday afternoon trading after the company said late Thursday that it completed the critical design review for its C-130J autonomy program with the US Special Operations Command.This milestone showed the aircraft's autonomous capability and the potential reduction in crew workload during flight, Merlin said.Under the contract, Merlin is advancing its artificial intelligence-powered autonomy stack onboard the C-130J, it said.Price: $9.12, Change: $+1.94, Percent Change: +27.06%

TD Cowen Initiates Merlin at Buy With $11 Price Target

Merlin to Raise $80 Million of Equity Capital via PIPE Investment

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%

Merlin, Remah to Offer Autonomy Capabilities in UAE

Merlin (MRLN) said Thursday its Merlin Labs unit has struck an agreement with Remah International Group to offer its autonomy capabilities to aviation operators in the United Arab Emirates.They will collaborate to identify suitable use cases and aircraft platforms for Merlin's AI-powered autonomy stack, the firm said.Price: $13.20, Change: $+1.07, Percent Change: +8.82%

Roth Capital Initiates Merlin at Buy With $15 Price Target