Company: TBMC
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002139
Chunk: 467

Company: Trailblazer Merger Corp I
Filing Date: 2025-03-25
Form: 10-K
Item: Item 2
Chunk 467
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 activity, unless the Company provides the Public
Stockholders with the opportunity to redeem their Public Shares in conjunction with any such amendment.

On February 29, 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 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.

F-8

Through December 31, 2024, the Sponsor deposited
a total of $1,713,146 (the “Extension Payment”) into the Company’s Trust Account in order to extend the date by which
the Company has to consummate a business combination from March 31, 2024 to January 31, 2025. The Extension Payment was loaned as a draw
down pursuant to an unsecured promissory note the Company issued to the Sponsor (see Note 5).

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