Company: TBMC
Filing Date: 2025-11-21
Form Type: 10-Q
Source: 0001213900-25-113605
Chunk: 106

Company: Trailblazer Merger Corp I
Filing Date: 2025-11-21
Form: 10-Q
Item: Part I, Item 8
Chunk 106
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 the redemption value approximates fair value.
Net (loss) income per share of common stock is computed by dividing the pro rata net (loss) income between the shares of Class A
common stock and the shares of Class B common stock by the weighted average number of shares of common stock outstanding for each
of the periods. The calculation of diluted income per share does not consider the effect of the rights issued in connection with the IPO,
as well as rights issuable upon the exercise of the conversion option on outstanding working capital loans, since the exercise of the
rights is contingent upon the occurrence of future events and the inclusion of such rights would be anti-dilutive. The rights are exercisable
for 729,450 shares of Class A common stock in the aggregate.

The 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  September 30,  
    For the Nine Months Ended September 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 stock 

    Numerator: 

    Allocation of net (loss) income 
    $(3,693,011) 
    $—  
    $145,328  
    $—  
    $(4,384,093) 
    $—  
    $735,207  
    $— 
  
    Denominator: 

    Basic and diluted weighted average common stock outstanding 
     4,476,867  
     1  
     8,822,961  
     1  
     4,491,590  
     1  
     8,953,266  
     1 
  
    Basic and diluted net (loss) income per common stock 
    $(0.82) 
    $(0.00) 
    $0.02  
    $—  
    $(0.98) 
    $(0.00) 
    $0.08  
    $— 

Concentration of Credit Risk

Financial