Company: TBMC
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002139
Chunk: 2

Company: Trailblazer Merger Corp I
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1
Chunk 2
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2024, and also amended its investment management trust agreement, to (a) modify the terms and extend the Termination
Date by which the Company has to consummate a business combination by allowing the Company, through resolution of the board of directors
without another stockholder vote, to elect to extend the Termination Date by one month each time from September 30, 2024 to September
30, 2025, or such earlier date as determined by the Board in its sole discretion, unless the closing of a business combination shall
have occurred prior thereto; and (b) to remove the provision which permitted the withdrawal of $100,000 from the trust account of the
Company in order to pay dissolution expenses. For each monthly extension approved by the Board, the monthly payment required to be deposited
into the Company’s Trust Account to extend the Termination Date by one month should be the lesser of (i) $0.035 for each outstanding
share of Public Stock after giving effect to the redemption, and (ii) $100,000. In connection with the stockholders’ vote at the
Annual Meeting, 4,520,384 shares were tendered for redemption. On October 9, 2024, $49,774,936, or approximately $11.01 redemption price per share, was withdrawn from the Trust Account to pay the redeeming
holders and the 4,520,384 shares of the Company's Class A common stock that were redeemed were cancelled.

1

Management Team 

Our management team is led
by Arie Rabinowitz, our Chief Executive Officer and Director, Scott Burell, our Chief Financial Officer, and Yosef Eichorn, our Chief
Development Officer. Joseph Hammer currently serves as our Chairman of the Board. Barak Avitbul, Olga Castells, and Patrick Donovan are
our independent directors.

Our executive management team
and board of directors have extensive buy-side investing experience and have been involved in the investment of more than $1.5 billion
of capital into well over 1,000 fundings, including mergers & acquisitions, throughout the past 25 years. They also have extensive
experience in identifying, negotiating with and conducting due diligence on companies targeted for acquisition, and consummating acquisitions
across nearly all sectors of the economy including but not limited to: healthcare services; consumer services; chemicals; natural resources;
manufacturing and industrial; consumer and retail; gaming and leisure; and media, telecom and technology