Company: TBMC
Filing Date: 2025-09-04
Form Type: DEF 14A
Source: 0001213900-25-084240
Chunk: 59

Company: Trailblazer Merger Corp I
Filing Date: 2025-09-04
Form: DEF 14A
Chunk 59
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 amounts released to the Company to pay its franchise and income taxes between such dates). The closing price of the Common Stock on Nasdaq on September2, 2025 was $11.67. Accordingly, if the market price of the Common Stock were to remain the same until the date of the Annual Meeting, exercising redemption rights would result in a public stockholder receiving approximately $0.24 more per share than if the shares were sold in the open market (based on the current per share redemption price). The Company cannot assure stockholders that they will be able to sell their Common Stock in the open market, even if the market price per share is lower than the redemption price stated above, as there may not be sufficient liquidity in its securities when such stockholders wish to sell their shares. The Company believes that such redemption right enables its public stockholders to determine whether or not to sustain their investments for an additional period if the Company does not complete a Business Combination on or before the Original Termination Date. Reasons for the Extension Amendment Proposal The Company’s Amended and Restated Certificate of Incorporation provides that the Company has until September 30, 2025 to complete a Business Combination. The Company and its officers and directors agreed that they would not seek to amend the Company’s Certificate of Incorporation to allow for a longer period of time to complete a Business Combination unless the Company provided holders of its Public Stock with the right to seek redemption of their Public Stock in connection therewith. The Board has determined that it is advisable and in the best interests of the Company to seek an extension of the Original Termination Date and have the Company’s stockholders approve the Extension Amendment Proposal to allow for a period of additional time to consummate a Business Combination. Without the Charter Extension, the Company believes that the Company will not be able to complete a Business Combination on or before September 30, 2025. If that were to occur, the Company would be required to cease all operations except for the purpose of winding up, redeem out of funds lawfully available therefor all then outstanding Public Stock, and dissolve and liquidate, subject in each case to the Company’s obligations under the DGCL to provide for claims of creditors and other requirements of applicable law. The Extension Amendment Proposal is essential to allowing the Company additional time to consummate a Business Combination. Approval of the Extension Amendment Proposal is a condition to the implementation of the Charter Extension. 25 If the Extension Amendment Proposal is approved and the Charter Extension becomes effective, within five business days of the date of the