Company: TBMC
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075720
Chunk: 35

Company: Trailblazer Merger Corp I
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 35
---
 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 During the period ended December 31, 2024, the Company has withdrawn $1,397,196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.

The following table presents information about
the Company’s assets that are measured at fair value on a recurring basis at June 30, 2025 and December 31, 2024 and indicates the
fair value hierarchy of the valuation inputs the Company utilized to determine such fair value.

Description

    Level 
    June 30,
2025  
    December 31, 2024 
  
    Assets: 

    Marketable securities held in Trust Account 
    1 
     27,472,636  
     26,832,298 
  
    Total marketable securities held in Trust Account 
    1 
    $27,472,636  
    $26,832,298 

18

NOTE 9. 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 as components of an enterprise that engage in business activities from which
it may recognize revenues and incur expenses, and for which separate financial information is available that is regularly evaluated by
the Company’s chief operating decision maker, or group, in deciding how to allocate resources and assess performance.

The Company’s chief operating decision maker
(“CODM”) has been identified as the Chief Executive Officer, who reviews the assets, operating
results, and financial metrics for the Company as a whole to make decisions about allocating resources and assessing financial performance.
Accordingly, management has determined that there is only one reportable segment.

The CODM assesses performance for the single segment
and decides how to allocate resources based on net income or loss that also is reported on the statement of operations as net income or
loss. The measure of segment assets is reported on the balance sheet as total assets. When evaluating the Company’s performance
and making key decisions regarding resource allocation, the CODM reviews several key metrics included in net income or loss and total
assets, which include the following:

    For the Three Months Ended
                                               
June 30,  
    For the Six Months Ended 
June