Company: TBMC
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002139
Chunk: 1814

Company: Trailblazer Merger Corp I
Filing Date: 2025-03-25
Form: 10-K
Item: Item 8
Chunk 1814
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 of directors during such time. Holders of Class A common stock and Class B
common stock will vote together as a single class on other matters submitted to a vote of stockholders, except as required by law. However,
with respect to amending our charter to increase or decrease the aggregate number of authorized shares, holders of our Class A common
stock and holders of our Class B common stock will vote as a separate class.

Rights — Except
in cases where the Company is not the surviving company in a Business Combination, each holder of a Public Right will automatically receive
one-tenth (1/10) of one share of common stock upon consummation of a Business Combination, even if the holder of a Public Right converted
all shares held by him, her or it in connection with a Business Combination or an amendment to the Company’s Amended and Restated
Certificate of Incorporation with respect to its pre-initial business combination activities. In the event that the Company will not be
the surviving company upon completion of a Business Combination, each holder of a Public Right will be required to affirmatively convert
his, her or its rights in order to receive the one-tenth (1/10) of a share underlying each Public Right upon consummation of the Business
Combination.

The Company will not issue fractional shares in
connection with an exchange of Public Rights. Fractional shares will either be rounded down to the nearest whole share or otherwise addressed
in accordance with the applicable provisions of the Delaware General Corporation Law. As a result, the holders of the Public Rights must
hold rights in multiples of 10 in order to receive shares for all of the holders’ rights upon closing of a Business Combination.

NOTE 8. INCOME TAXES

The Company’s net deferred tax
assets and liabilities are as follows: 

    December 31,  
    December 31, 

    2024  
    2023 
  
    Deferred tax liability 

    Startup Costs 
    $291,092  
    $82,679 
  
    Unrealized gain – Trust 
     —  
     (210,152)
  
    Total deferred tax asset (liability) 
     291,092  
     (127,473)
  
    Valuation allowance 
     (291,092) 
     (82,679)
  
    Deferred tax liability, net of allowance 
    $—  
    $(210