Company: TBMC
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002139
Chunk: 864

Company: Trailblazer Merger Corp I
Filing Date: 2025-03-25
Form: 10-K
Item: Item 6
Chunk 864
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729,450 shares of Class A
common stock in the aggregate.

The following table reflects the calculation of
basic and diluted net income per share of common stock (in dollars, except share amounts):  

    For the Year December 31, 

    2024  
    2023 

    Class A  
    Class B  
    Class A  
    Class B 
  
    Basic net income per common stock 

    Numerator: 

    Allocation of net income 
    $277,658  
    $—  
    $1,347,254  
    $— 
  
    Denominator: 

    Basic and weighted average common stock outstanding 
     7,830,576  
     1  
     7,165,376  
     1 
  
    Basic net income per common stock 
    $0.04  
    $—  
    $0.19  
    $— 

    For the Year December 31, 

    2024  
    2023 

    Class A  
    Class B  
    Class A  
    Class B 
  
    Diluted net income per common stock 

    Numerator: 

    Allocation of net income 
    $277,658  
    $—  
    $1,347,254  
    $— 
  
    Denominator: 

    Diluted weighted average common stock outstanding 
     7,830,576  
     1  
     7,220,855  
     1 
  
    Diluted net income per common stock 
    $0.04  
    $—  
    $0.19  
    $— 

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.

F-14

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 consolidated balance sheets, primarily due to their short-term nature.

Derivative Financial Instruments

The Company evaluates its financial instruments
to