Company: TBMC
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002139
Chunk: 319

Company: Trailblazer Merger Corp I
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1C
Chunk 319
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 initial business combination, and then only in connection with those Class
A common stock that stockholders properly elect to redeem, subject to the limitations, (b) the redemption of any public shares properly
submitted in connection with a stockholder vote to amend our amended and restated certificate of incorporation (i) to modify the substance
or timing of our obligation to allow redemption in connection with our initial business combination or to redeem 100% of our public shares
if we do not complete our initial business combination within eighteen (18) months from the closing of this offering or (ii) with respect
to any other provision relating to stockholders’ rights or pre-business combination activity, and (c) the redemption of our public
shares if we are unable to complete our initial business combination within eighteen (18) months from the closing of this offering, subject
to applicable law. Public stockholders who redeem their Class A common stock in connection with a stockholder vote described in clause
(b) in the preceding sentence shall not be entitled to funds from the trust account upon the subsequent completion of an initial business
combination or liquidation if we have not consummated an initial business combination within eighteen (18) months from the closing of
this offering, subject to applicable law. The proceeds deposited in the trust account could become subject to the claims of our creditors,
if any, which could have priority over the claims of our public stockholders.

13

On
February 29, 2024, the board of directors approved the exercise by the Company of the automatic extension of the time the Company has
to complete a business combination by an additional three months from March 31, 2024 to June 30, 2024. On June 25, 2024, the board of directors
approved the exercise by the Company of the automatic extension of the time the Company has to complete a business combination by an
additional three months from June 30, 2024 to September 30, 2024. Pursuant to the terms of the Company’s Amended and Restated Certificate
of Incorporation and the trust agreement entered into between the Company and Continental Stock Transfer & Trust Company in connection
with the Initial Public Offering, in order for the time available for the Company to consummate a Business Combination to be extended,
the Sponsor or its affiliates or designees, upon five days’ advance notice prior to the applicable deadline, must deposit into
the trust account $690,000 in full, (or $0.10 per