Company: TBMC
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043357
Chunk: 99

Company: Trailblazer Merger Corp I
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 99
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 wholly owned subsidiary of Trailblazer (“Holdings”), and Cyabra Strategy Ltd., a private company organized in Israel
(“Cyabra”) (as amended on November 11, 2024 and as it may be further amended and/or restated from time to time, the
“Merger Agreement”).

The
Merger Agreement provides that, among other things and upon the terms and subject to the conditions thereof, (a) Trailblazer shall
merge with and into Holdings and Holdings shall be the survivor of such merger (the “Parent Merger” and all references to
Trailblazer subsequent to the Parent Merger shall be intended to refer to Holdings as the survivor of the Parent Merger) and (b) Merger
Sub shall merge with and into Cyabra, with Cyabra being the surviving entity (the “Acquisition Merger” and, together with
the Parent Merger and all other transactions contemplated by the Merger Agreement, the “Business Combination”), following
which Merger Sub will cease to exist and Cyabra will become a wholly owned subsidiary of Holdings (the “Surviving Corporation”).
In connection with the Business Combination, Holdings (at such stage, referred to herein as the “Combined Company”) will
be renamed “Cyabra, Inc.”

At
the effective time of the Parent Merger, (i) each then issued and outstanding share of Trailblazer Class A Common Stock, par
value $0.0001 per share (the “Trailblazer Class A Common Stock”), shall convert automatically into one share of common
stock of Holdings, $0.0001 par value per share (the “Holdings Common Stock”) and (ii) each then issued and outstanding
right to acquire one tenth of one share of Trailblazer Class A Common Stock upon the consummation of an initial business combination
(a “Trailblazer Right” or “Right”), shall convert automatically into one right to acquire one tenth of one share
of Holdings Common Stock. The one share of Trailblazer Class B Common Stock issued and outstanding will automatically be canceled
at the time of the Parent Merger.

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At
the effective time of the Acquisition Merger (the “Effective Time”), (i) each Cyabra ordinary share, NIS 0.01 par value
per share (the “Cyabra Ordinary Shares”) issued and outstanding immediately prior to the Effective Time, in accordance with
Cyabra’s Amended and