Company: TBMC
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002139
Chunk: 199

Company: Trailblazer Merger Corp I
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1A
Chunk 199
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 to minimize the use of unobservable inputs (internal assumptions
about how market participants would price assets and liabilities). The following fair value hierarchy is used to classify assets and liabilities
based on the observable inputs and unobservable inputs used in order to value the assets and liabilities:

    Level 1:
    Quoted prices in active markets for identical assets or liabilities. An active market for an asset or liability is a market in which transactions for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

    Level 2:
    Observable inputs other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities and quoted prices for identical assets or liabilities in markets that are not active.

    Level 3:
    Unobservable inputs based on our assessment of the assumptions that market participants would use in pricing the asset or liability.

At December 31, 2024, assets held in the Trust
Account were comprised of $26,832,298 in money market funds. During the period ended December 31, 2024, the Company has withdrawn $1,397,196
interest income from the Trust Account to pay for the Company franchise and income taxes.

At December 31, 2023, assets held in the Trust
Account were comprised of $152 in cash and $72,994,711 in U.S. Treasury securities. During the year ended December 31, 2023, the Company
did not withdraw any interest income from the Trust Account.

The following table presents information about
the Company’s assets that are measured at fair value on a recurring basis at December 31, 2024 and December 31, 2023 and indicates
the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value.

Description

    Level 
    December 31, 2024  
    December 31, 2023 
  
    Assets: 

    Marketable securities held in Trust Account 
    1 
     26,832,298  
     72,994,711 
  
    Total marketable securities held in Trust Account 
    1 
    $26,832,298  
    $72,994,711 

NOTE 10. SEGMENT INFORMATION

ASC Topic 280, “Segment Reporting,”
establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic
areas, and major customers. Operating segments are defined