Company: TBMC
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002139
Chunk: 1017

Company: Trailblazer Merger Corp I
Filing Date: 2025-03-25
Form: 10-K
Item: Item 7A
Chunk 1017
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 assets and liabilities: 

    Prepaid expenses 
     107,103  
     (139,854)
  
    Prepaid insurance 
     25,681  
     (25,681)
  
    Accounts payable and accrued expenses 
     950,362  
     237,544 
  
    Income taxes payable 
     587,865  
     306,834 
  
    Net cash used in operating activities 
     (1,557,903) 
     (471,527)

    Cash Flows from Investing Activities: 

    Extension deposit into Trust Accounts 
     (1,713,146) 
     (70,380,000)
  
    Proceeds from Trust Account to pay franchise and income taxes 
     1,397,196  
     — 
  
    Proceeds from Trust Account to pay the redeeming stockholders 
     49,774,936  
     — 
  
    Net cash provided by (used in) investing activities 
     49,458,985  
     (70,380,000)

    Cash Flows from Financing Activities: 

    Proceeds from sale of units, net of underwriting discounts paid 
     —  
     67,965,000 
  
    Proceeds from sale of private placement units 
     —  
     3,945,000 
  
    Proceeds from promissory note - related party 
     2,207,860  
     100,085 
  
    Repayment of promissory note - related party 
     —  
     (3,500)
  
    Redemption payment to redeeming stockholders 
     (49,774,936) 
     — 
  
    Payment of offering costs 
     (75,000) 
     (581,635)
  
    Net cash (used in) provided by financing activities 
     (47,642,076) 
     71,424,950 

    Net Change in Cash and Restricted Cash 
     259,006  
     573,423 
  
    Cash and Restricted Cash – Beginning of period 
     607,816  
     34,393 
  
    Cash and Restricted Cash – End of period 
    $866,822  
    $607,816 

    Cash and Restricted Cash, end of period 

    Cash