Company: TBMC
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002139
Chunk: 1235

Company: Trailblazer Merger Corp I
Filing Date: 2025-03-25
Form: 10-K
Item: Item 9B
Chunk 1235
---
240 
  
    Provision for income taxes 
     (725,429) 
     (516,986)
  
    Net income 
    $277,658  
    $1,347,254 

    Basic weighted average shares outstanding, Class A common stock 
     7,830,576  
     7,165,376 

    Basic net income per share, Class A common stock 
    $0.04  
    $0.19 

    Diluted weighted average shares outstanding, Class A common stock 
     7,830,576  
     7,220,855 

    Diluted net income per share, Class A common stock 
    $0.04  
    $0.19 

    Basic and diluted weighted average shares outstanding, Class B common stock 
     1  
     1 

    Basic and diluted net income per share, Class B common stock 
    $—  
    $— 

The accompanying notes are an integral
part of these consolidated financial statements.

F-4

TRAILBLAZER MERGER CORPORATION I

CONSOLIDATED STATEMENTS OF CHANGES
IN STOCKHOLDERS’ DEFICIT

FOR THE YEARS ENDED DECEMBER 31,
2024 and 2023

    Class A Common Stock  
    Class B Common Stock  
    Additional Paid-in  
    Accumulated  
    Total Stockholders’ 

    Shares  
    Amount  
    Shares  
    Amount  
    Capital  
    Deficit  
    Deficit 
  
    Balances — December 31, 2022 
     1,724,999  
    $172  
     1  
    $—  
    $24,828  
    $(5,187) 
    $19,813 

    Sale of 394,500 private placement units 
     394,500  
     40  
     —  
     —  
     3,944,960  
     —  
     3,945,000 

    Stock-based compensation expense to certain officers/directors 
     —  
     —  
     —  
     —  
     207,087  
     —  
     207,087 

    Fair value of rights included in public units