Company: TBMC
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002139
Chunk: 1531

Company: Trailblazer Merger Corp I
Filing Date: 2025-03-25
Form: 10-K
Item: Item 12
Chunk 1531
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 monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a business combination or similar
transaction within the business combination period. The CODM also reviews general and administrative costs to manage, maintain and enforce
all contractual agreements to ensure costs are aligned with all agreements and budget. General and administrative costs, as reported on
the statement of operations, are the significant segment expenses provided to the CODM on a regular basis.

All other segment items included in net income
or loss are reported on the statement of operations and described within their respective disclosures.

NOTE 11. SUBSEQUENT EVENTS

The Company evaluated subsequent events
and transactions that occurred after the consolidated balance sheet date through the date that the consolidated financial statements were
issued. Based upon this review, other than described below, the Company did not identify any subsequent events that would have required
adjustment or disclosure in the consolidated financial statements.

On February 4, 2025, The Sponsor has funded the
extension that had previously been approved by the Board by depositing $83,287 into the Trust Account, thereby extending the time available
to the Company to consummate its initial business combination from January 31, 2025 to February 28, 2025.

On February 21, 2025, the maximum amount available
under the Note was further amended and increased to $3,530,000 and the maturity date was extended to the earlier
of (i) the close of the Company’s initial business combination or (ii) May 31, 2025.

On February 27, 2025, The Sponsor has
funded the extension that had previously been approved by the Board by depositing $83,287 into the Trust Account, thereby extending the
time available to the Company to consummate its initial business combination from February 28, 2025 to March 31, 2025.

On March 24, 2025, the Promissory
Note was amended and restated in its entirety, in order to provide, among other things, (1) that the maturity date of the Promissory
Note is May 31, 2025; provided, however, that if Trailblazer completes an initial business combination, the Promissory Note shall be
extended for an additional eighteen (18) months from the closing of the initial business combination, (2) for certain post-business
combination transaction participation rights for the Sponsor as well as most favored nation rights for the Sponsor with respect