Company: TBMC
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075720
Chunk: 56

Company: Trailblazer Merger Corp I
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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 value of any publicly traded common stock, whether already outstanding or newly-issued, will be equal to the greater of: (i) the
value of such common stock issued to the target upon the closing of a transaction at a price equal to $10.00 per share; and (ii) the
dollar volume-weighted average price (VWAP) for such security on the principal securities exchange or securities market on which such
security is then traded during the period beginning at 9:30:01 a.m., New York time, and ending at 4:00:00 p.m., New York time,
as reported by Bloomberg through its “HP” function (set to weighted average) for the first five (5) trading days following
the consummation of the transaction.

Additionally, we agreed to
reimburse the underwriters for all out-of-pocket documented costs and expenses (including fees and expenses of counsel) incurred by the
underwriters in connection with provision of such services, up to $50,000 in the aggregate, and, upon the consummation of the initial
business combination, to reimburse the underwriters for any such expenses incurred in excess of $50,000.

Investment Management Trust Agreement

On March 28, 2023, in connection
with the Initial Public Offering, we entered into an agreement with Continental Stock Transfer & Trust Company (“Trustee”).
The Trustee agreed to manage, supervise and administer the Trust Account subject to the terms and conditions set forth in the agreement
and in a timely manner, upon the written instruction of the Company, invest and reinvest the Property in United States government
securities within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended, having a maturity of 185 days or
less, or in money market funds meeting the conditions of paragraphs (d)(1), (d)(2), (d)(3) and (d)(4) of Rule 2a-7 promulgated under the
Investment Company Act of 1940, as amended (or any successor rule), which invest only in direct U.S. government treasury obligations,
as determined by us; the Trustee may not invest in any other securities or assets, it being understood that the Trust Account will earn
no interest while account funds are uninvested awaiting our instructions hereunder; and while account funds are invested or uninvested,
the Trust