Company: BLZRW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110002
Chunk: 3

Company: Trailblazer Acquisition Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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) THROUGH SEPTEMBER 30, 2025

Cash Flows from Operating Activities: 
  
 Net income  $470,519  

Adjustments to reconcile net income to net cash used in operating activities: 
   
 Payment of operation costs through IPO Promissory Note   17,420  
 Interest earned on marketable securities held in Trust Account   (576,612) 

Changes in operating assets and liabilities: 
   
 Prepaid expenses   (20,483) 
 Prepaid insurance   (136,172) 
 Accounts payable and accrued expenses   10,000  
 Net cash used in operating activities   (235,328) 

Cash Flows from Investing Activities: 
   
 Investment of cash in Trust Account   (275,000,000) 
 Net cash used in investing activities   (275,000,000) 

Cash Flows from Financing Activities: 
   
 Proceeds from sale of Public Units, net of underwriting discounts paid   270,200,000  
 Proceeds from sale of Private Placements Warrants   6,800,000  
 Repayment of IPO Promissory Note – related party   (170,256) 
 Payment of offering costs   (328,044) 
 Net cash provided by financing activities   276,501,700  

 Net Change in Cash   1,266,372  
 Cash – Beginning of period   —  
 Cash – End of period  $1,266,372  

Noncash investing and financing activities: 
   
 Offering costs included in accrued offering costs  $75,000  
 Deferred offering costs paid through IPO Promissory Note – related party  $152,836  
 Deferred underwriting fee payable  $11,700,000  

The
accompanying notes are an integral part of the unaudited condensed financial statements. 

4

Trailblazer
Acquisition Corp.
NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS
SEPTEMBER 30, 2025

Note 1 — Organization and Business Operations Trailblazer Acquisition Corp. (the “Company”) is a blank check company incorporated as a Cayman Islands exempted corporation on June 9, 2025. The Company was incorporated for the purpose of effecting a merger, amalgamation,