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

Company: Trailblazer Merger Corp I
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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 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 share) for each extension, on or prior to the date of the applicable deadline.

6

As approved by its stockholders at the annual
meeting of stockholders held on September 26, 2024 (the “Annual Meeting”), the Company filed an amendment to its Amended and
Restated Certificate of Incorporation (the “Charter”) with the Delaware Secretary of State on September 27, 2024 (the “Charter
Amendment”), and also amended its investment management trust agreement, to (a) modify the terms and extend the date (the “Termination
Date”) by which the Company has to consummate a business combination by allowing the Company, through resolution of the board of
directors without another stockholder vote, to elect to extend the Termination Date by one month each time from September 30, 2024 to
September 30, 2025 (the “Combination Period”), or such earlier date as determined by the Board in its sole discretion, unless
the closing of a business combination shall have occurred prior thereto; and (b) to remove the provision which permitted the withdrawal
of $100,000 from the trust account of the Company in order to pay dissolution expenses. For each monthly extension approved by the Board,
the monthly payment required to be deposited into the Company’s Trust Account to extend the Termination Date by one month should
be the lesser of (i) $0.035 for each outstanding share of Public Stock after giving effect to the redemption, and (ii) $100,000.

In connection with the stockholders’ vote