Company: TBMC
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002139
Chunk: 1436

Company: Trailblazer Merger Corp I
Filing Date: 2025-03-25
Form: 10-K
Item: Item 11
Chunk 1436
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1,677,270)
  
    Total Stockholders’ Deficit 
     (6,081,287) 
     (1,677,058)
  
    Total Liabilities and Stockholders’ Deficit 
    $27,733,954  
    $73,770,297 

The accompanying notes are an integral
part of these consolidated financial statements.

F-3

TRAILBLAZER MERGER CORPORATION I

CONSOLIDATED STATEMENTS OF OPERATIONS

    For the Years Ended December 31, 

    2024  
    2023 
  
    Operating and formation costs 
    $2,293,333  
    $543,536 
  
    Loss from operations 
     (2,293,333) 
     (543,536)

    Other income (expense): 

    Stock-based compensation expense 
     —  
     (207,087)
  
    Interest earned on marketable securities held in Trust Account 
     3,296,420  
     2,606,031 
  
    Unrealized gain on marketable securities held in Trust Account 
     —  
     8,832 
  
    Other income, net 
     3,296,420  
     2,407,776 

    Income before provision for income taxes 
     1,003,087  
     1,864,240 
  
    Provision for income taxes 
     (725,429) 
     (516,986)
  
    Net income 
    $277,658  
    $1,347,254 

    Basic weighted average shares outstanding, Class A common stock 
     7,830,576  
     7,165,376 

    Basic net income per share, Class A common stock 
    $0.04  
    $0.19 

    Diluted weighted average shares outstanding, Class A common stock 
     7,830,576  
     7,220,855 

    Diluted net income per share, Class A common stock 
    $0.04  
    $0.19 

    Basic and diluted weighted average shares outstanding, Class B common stock 
     1  
     1 

    Basic and diluted net income per share, Class B common stock 
    $—  
    $— 

The accompanying notes are an integral
part