Company: TBMC
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043357
Chunk: 0

Company: Trailblazer Merger Corp I
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1.
Interim Financial Statements

TRAILBLAZER
MERGER CORPORATION I

CONDENSED
CONSOLIDATED BALANCE SHEETS

    March 31, 
2025   
    December 31, 
2024 

    (Unaudited)  

    Assets 

    Current assets 

    Cash 
    $37,305  
    $63,829 
  
    Cash – restricted 
     802,993  
     802,993 
  
    Prepaid expenses 
     5,227  
     34,834 
  
    Total current assets 
     845,525  
     901,656 

    Marketable securities held in Trust Account 
     27,278,757  
     26,832,298 
  
    Total Assets 
    $28,124,282  
    $27,733,954 

    Liabilities and Stockholders’ Deficit 

    Current liabilities 

    Accounts payable and accrued expenses 
    $1,571,294  
    $1,189,196 
  
    Income taxes payable 
     959,754  
     894,699 
  
    Excise tax payable 
     497,749  
     497,749 
  
    Promissory note related party 
     2,923,445  
     2,529,445 
  
    Total current liabilities 
     5,952,242  
     5,111,089 

    Deferred underwriting fee payable 
     2,070,000  
     2,070,000 
  
    Total Liabilities 
     8,022,242  
     7,181,089 

    Commitments and Contingencies (Note 6) 

    Class A common stock subject to possible redemption, 2,379,616 shares at redemption value at $11.33 and $11.19 per share as of March 31, 2025 and December 31, 2024, respectively 
     26,965,556  
     26,634,152 

    Stockholders’ Deficit 

    Preferred Stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding 
     —  
     — 
  
    Class A common stock, $0.0001 par value; 100