Company: TBMC
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002139
Chunk: 526

Company: Trailblazer Merger Corp I
Filing Date: 2025-03-25
Form: 10-K
Item: Item 3
Chunk 526
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 Management used the criteria set forth
by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control — Integrated Framework (2013).
Based on our assessments and those criteria, Management determined that we maintained effective internal control over financial reporting
as of December 31, 2024.

This Annual Report does not
include an attestation report of our internal controls from our independent registered public accounting firm due to our status as an
emerging growth company under the JOBS Act.

18

Changes in Internal Control Over Financial
Reporting

There were no changes in our internal control
over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act) during the most recent fiscal
quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

ITEM 9B. OTHER INFORMATION

Extension

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’ advance notice prior to the applicable deadline, must deposit into the trust account
$690,000 in full, (or $0.10 per share) for each extension, on or prior to the date of the applicable deadline.

Through December 31, 2024,
the Sponsor deposited a total of $1,713,146 (the “Extension Payment”) into the Company’s Trust Account in order to extend
the date by which the Company has to consummate a business combination from March 31, 2024 to January 31, 2025.

On February 4, 2025, the Sponsor
de