Company: TBMC
Filing Date: 2025-11-21
Form Type: 10-Q
Source: 0001213900-25-113605
Chunk: 127

Company: Trailblazer Merger Corp I
Filing Date: 2025-11-21
Form: 10-Q
Item: Part I, Item 8
Chunk 127
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 Trailblazer
entered into a merger agreement, by and among Trailblazer, Trailblazer Merger Sub, Ltd., an Israeli company and a direct, wholly owned
subsidiary of Trailblazer (“Merger Sub”), Trailblazer Holdings, Inc., a Delaware corporation and a direct, wholly owned subsidiary
of Trailblazer (“Holdings”), and Cyabra Strategy Ltd., a private company organized in Israel (“Cyabra”) (as amended
on November 11, 2024 and as it may be further amended and/or restated from time to time, the “Merger Agreement”).

The Merger Agreement provides
that, among other things and upon the terms and subject to the conditions thereof, (a) Trailblazer shall merge with and into Holdings
and Holdings shall be the survivor of such merger (the “Parent Merger” and all references to Trailblazer subsequent to the
Parent Merger shall be intended to refer to Holdings as the survivor of the Parent Merger) and (b) Merger Sub shall merge with and
into Cyabra, with Cyabra being the surviving entity (the “Acquisition Merger” and, together with the Parent Merger and all
other transactions contemplated by the Merger Agreement, the “Business Combination”), following which Merger Sub will cease
to exist and Cyabra will become a wholly owned subsidiary of Holdings (the “Surviving Corporation”). In connection with the
Business Combination, Holdings (at such stage, referred to herein as the “Combined Company”) will be renamed “Cyabra,
Inc.”

At the effective time of
the Parent Merger, (i) each then issued and outstanding share of Trailblazer Class A Common Stock, par value $0.0001 per share
(the “Trailblazer Class A Common Stock”), shall convert automatically into one share of common stock of Holdings, $0.0001
par value per share (the “Holdings Common Stock”) and (ii) each then issued and outstanding right to acquire one tenth
of one share of Trailblazer Class A Common Stock upon the consummation of an initial business combination (a “Trailblazer Right”
or “Right”), shall convert automatically into one right to acquire one tenth of one share of Holdings Common Stock. The one
share of Trailblazer Class B Common Stock issued and outstanding will automatically be canceled at the time of the Parent Merger.

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At the effective time of
the