Merlin Inc shares fell 10.81% to $7.18 on Monday, underperforming the broader market, after the company announced management will attend three industry conferences in June. Merlin, which began trading as MRLN on Nasdaq in March, is seeking civil certification for its autonomous flight technology and is developing a C-130J program under a U.S. military contract. Roth Capital cut its price target to $15 from $25.