Company: BLZRW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110002
Chunk: 67

Company: Trailblazer Acquisition Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 3
Chunk 67
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 the Exchange Act, we are not required to include risk factors in this Report. However,
for risks relating to our operations, see the section titled “Risk Factors” contained in our IPO Registration Statement.
As of the date of this Report, there have been no material changes with respect to those risk factors, other than as set forth below.
Any of these previously disclosed risk factors could result in a significant or material adverse effect on our results of operations
or financial condition. Additional risks not presently known to us or that we currently deem immaterial may also affect our ability to
consummate an initial Business Combination. We may disclose changes to such risk factors or disclose additional risk factors from time
to time in our future filings with the SEC.

We
may seek to extend the Combination Period, which could reduce the amount held in our Trust Account and have adverse effects on our Company.

If
we are unable to consummate our initial Business Combination on or before September 11, 2027, we may seek shareholder approval to extend
the Combination Period by amending our Amended and Restated Articles. In such event, our Public Shareholders will be provided the opportunity
to have all or a portion of their Public Shares redeemed. Any redemptions will reduce the amount held in our Trust Account, the effect
of which may adversely affect our ability to consummate our initial Business Combination and may also impair our ability to maintain
our Nasdaq listing.

We
anticipate that our securities will be suspended from trading on Nasdaq and delisted if we do not consummate our initial Business Combination
by September 9, 2028. Any trading suspension or delisting could have a material adverse effect on the trading of our securities and may
adversely affect our ability to consummate an initial Business Combination.

Our
IPO Registration Statement was declared effective by the SEC on September 9, 2025, and our securities are currently listed on the Global
Market tier of Nasdaq. Pursuant to our Amended and Restated Articles, we have until September 11, 2027 to consummate our initial Business
Combination.

Under
the Nasdaq Rules, a SPAC’s Nasdaq-listed securities will be immediately suspended from trading if the SPAC does not meet the Nasdaq
36-Month Requirement, and Nasdaq will, at such point, commence delisting procedures. Although a SPAC can request a hearing before the
hearing panel of Nasdaq (the “Hearing Panel”), the scope