Company: TBMC
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075720
Chunk: 22

Company: Trailblazer Merger Corp I
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 following table reflects the calculation of
basic and diluted net (loss) income per share of common stock (in dollars, except share amounts): 

    For the Three Months Ended June 30,  
    For the Six Months Ended June 30, 

    2025  
    2024  
    2025  
    2024 

    Class A  
    Class B  
    Class A  
    Class B  
    Class A  
    Class B  
    Class A  
    Class B 
  
    Basic and diluted net (loss) income per common share 

    Numerator: 

    Allocation of net (loss) income 
    $(240,257) 
    $—  
    $217,511  
    $—  
    $(691,082) 
    $—  
    $589,879  
    $— 
  
    Denominator: 

    Basic and diluted weighted average common shares outstanding 
     4,499,115  
     1  
     9,019,499  
     1  
     4,499,115  
     1  
     9,019,499  
     1 
  
    Basic and diluted net (loss) income per common share 
    $(0.05) 
    $—  
    $0.02  
    $—  
    $(0.15) 
    $—  
    $0.07  
    $— 

Concentration of Credit Risk

Financial instruments that potentially subject
the Company to concentration of credit risk consist of a cash account in a financial institution which, at times may exceed the Federal
Deposit Insurance Corporation coverage limit of $250,000. The Company has not experienced losses on this account.

Fair Value of Financial Instruments

The fair value of the Company’s assets and
liabilities, which qualify as financial instruments under ASC Topic 820, “Fair Value Measurement,” approximates the carrying
amounts represented in the accompanying condensed consolidated balance sheets, primarily due to their short-term nature.

Derivative Financial Instruments

The Company evaluates its financial instruments
to determine if such instruments are derivatives or contain features that qualify as embedded derivatives in accordance with FASB ASC
Topic 815, “Derivatives and Hedging”. Derivative instruments are initially recorded at fair value on the grant date and re