Company: TBMC
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043357
Chunk: 137

Company: Trailblazer Merger Corp I
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 2
Chunk 137
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of the initial business combination, or (2) to our public stockholders, until the earliest of (a) the completion of our initial business
combination, and then only in connection with those Class A common stock that stockholders properly elect to redeem, subject to the limitations,
(b) the redemption of any public shares properly submitted in connection with a stockholder vote to amend our amended and restated certificate
of incorporation (i) to modify the substance or timing of our obligation to allow redemption in connection with our initial business
combination or to redeem 100% of our public shares if we do not complete our initial business combination within eighteen (18) months
from the closing of this offering or (ii) with respect to any other provision relating to stockholders’ rights or pre-business
combination activity, and (c) the redemption of our public shares if we are unable to complete our initial business combination within
eighteen (18) months from the closing of this offering, subject to applicable law. Public stockholders who redeem their Class A common
stock in connection with a stockholder vote described in clause (b) in the preceding sentence shall not be entitled to funds from the
trust account upon the subsequent completion of an initial business combination or liquidation if we have not consummated an initial
business combination within eighteen (18) months from the closing of this offering, subject to applicable law. The proceeds deposited
in the trust account could become subject to the claims of our creditors, if any, which could have priority over the claims of our public
stockholders.

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’