FR CAPITAL HOLDINGS, L.P.

PrivateCIK: 1776703
Location

PHILADELPHIA, PA

FR CAPITAL HOLDINGS, L.P. enters MERLIN, INC. with 11.75M shares plus derivative instruments

Holding both equity and derivatives at entry signals strong long-term conviction in the company.

Indirect Derivatives
InsiderFR CAPITAL HOLDINGS, L.P.CIK 1776703
IssuerMERLIN, INC.CIK 2028707
10% Owner
Since Mar 2026
11.75M
Baseline shares
0.00
Direct ownership
0 positions
553.10K
Derivative underlying
4 instruments
2
Security positions
11.75M indirect
Non-Derivative Holdings2

Common Stock, par value $0.0001 per share

Indirect
Shares owned6.65M

Common Stock, par value $0.0001 per share

Indirect
Shares owned5.10M
Total
11.75M indirect11.75M
Derivative Holdings4

Common Stock Purchase Warrants

Indirect
Underlying security
Common Stock, par value $0.0001 per share

Underlying shares

108.70K

Shares owned

N/A

Exercise price

12.00

Expiration

Exercise window

12.0% Series A Cumulative Convertible Preferred Stock

Indirect
Underlying security
Common Stock, par value $0.0001 per share

Underlying shares

166.87K

Shares owned

N/A

Exercise price

12.00

Expiration

Exercise window

Common Stock Purchase Warrants

Indirect
Underlying security
Common Stock, par value $0.0001 per share

Underlying shares

172.19K

Shares owned

N/A

Exercise price

12.00

Expiration

Exercise window

12.0% Series A Cumulative Convertible Preferred Stock

Indirect
Underlying security
Common Stock, par value $0.0001 per share

Underlying shares

105.34K

Shares owned

N/A

Exercise price

12.00

Expiration

Exercise window

Total

Underlying

553.10K

Owned

0.00

FR CAPITAL HOLDINGS, L.P. — Initial Ownership Disclosure (Form 3) Filed Mar 26, 2026 | Finecho