Company: TBMC
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043357
Chunk: 34

Company: Trailblazer Merger Corp I
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 to make decisions about
allocating resources and assessing financial performance. Accordingly, management has determined that there is only one reportable segment.

The
CODM assesses performance for the single segment and decides how to allocate resources based on net income or loss that also is reported
on the statement of operations as net income or loss. The measure of segment assets is reported on the balance sheet as total assets.
When evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews several key
metrics included in net income or loss and total assets, which include the following:

    For the Three Months Ended March 31, 

    2025  
    2024 
  
    General and administrative expenses 
    $665,655  
    $388,331 
  
    Interest earned on the Trust Account 
    $279,885  
    $953,592 

The
CODM reviews interest earned on the Trust Account to measure and monitor stockholder value and determine the most effective strategy
of investment with the Trust Account funds while maintaining compliance with the Trust Agreement.

General
and administrative expenses are reviewed and monitored by the CODM to manage and forecast cash to ensure enough capital is available
to complete a business combination or similar transaction within the business combination period. The CODM also reviews general and administrative
costs to manage, maintain and enforce all contractual agreements to ensure costs are aligned with all agreements and budget. General
and administrative costs, as reported on the statement of operations, are the significant segment expenses provided to the CODM on a
regular basis.

All
other segment items included in net income or loss are reported on the statement of operations and described within their respective
disclosures.

NOTE 10.
 SUBSEQUENT EVENTS

The
Company evaluated subsequent events and transactions that occurred after the balance sheet date through the date that the unaudited condensed
consolidated financial statements were issued. Based upon this review, other than stated below, the Company did not identify any subsequent
events that have required adjustment or disclosure in the unaudited condensed consolidated financial statements.

On
April 1, 2025, the Sponsor deposited $83,287 into the Company’s Trust Account to extend the Termination Date from March 31, 2025
to April 30, 2025.

On
May 2, 2025, the Sponsor deposited $83,287 into the Company’s Trust Account to extend the Termination Date from April