Merlin, Inc. (Nasdaq: BACQ) is a blank check company currently in its search phase, as reflected by its Form 10-Q filed with the Securities and Exchange Commission on May 1, 2025. The vehicle remains active and has not yet announced a definitive business combination agreement as of its latest quarterly disclosure. BACQ is pursuing a target in the broader technology and services space, consistent with the general-purpose acquisition mandates common among SPACs launched during the early-to-mid 2020s wave of blank check formations. The May 2025 filing confirms the company continues to operate within its extended search window. For the full filing history, timeline data, and deal-flow analytics on BACQ and hundreds of other active SPACs, sign up for SpacDesk at spacdesk.com.