Company: TBMC
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002139
Chunk: 720

Company: Trailblazer Merger Corp I
Filing Date: 2025-03-25
Form: 10-K
Item: Item 5
Chunk 720
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 in our internal control
over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act) during the most recent fiscal
quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

ITEM 9B. OTHER INFORMATION

Extension

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.

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.

On February 4, 2025, the Sponsor
deposited $83,287 into the Company’s Trust Account to extend the Termination Date from January 31, 2025 to February 28, 2025. On
February 27, 2025, the Sponsor deposited $83,287 into the Company’s Trust Account to extend the Termination Date from February 28,
2025 to March 31, 2025.

The Extension Payment
was loaned as a draw down pursuant to a non-interest bearing  unsecured promissory note the Company issued to the Sponsor on
May 17, 2022,