Company: TBMC
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043357
Chunk: 93

Company: Trailblazer Merger Corp I
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 93
---
 combination
and the holders of our shares of Class A common stock will not be entitled to vote on the election of directors during such time.
Holders of Class A common stock and Class B common stock will vote together as a single class on other matters submitted to
a vote of stockholders, except as required by law. However, with respect to amending our charter to increase or decrease the aggregate
number of authorized shares, holders of our Class A common stock and holders of our Class B common stock will vote as a separate
class.

Rights — Except
in cases where the Company is not the surviving company in a Business Combination, each holder of a Public Right will automatically receive
one-tenth (1/10) of one share of common stock upon consummation of a Business Combination, even if the holder of a Public Right converted
all shares held by him, her or it in connection with a Business Combination or an amendment to the Company’s Amended and Restated
Certificate of Incorporation with respect to its pre-initial business combination activities. In the event that the Company will not
be the surviving company upon completion of a Business Combination, each holder of a Public Right will be required to affirmatively convert
his, her or its rights in order to receive the one-tenth (1/10) of a share underlying each Public Right upon consummation of the Business
Combination.

The
Company will not issue fractional shares in connection with an exchange of Public Rights. Fractional shares will either be rounded down
to the nearest whole share or otherwise addressed in accordance with the applicable provisions of the Delaware General Corporation Law.
As a result, the holders of the Public Rights must hold rights in multiples of 10 in order to receive shares for all of the holders’
rights upon closing of a Business Combination.

17

NOTE 8.
FAIR VALUE MEASUREMENTS

The
Company follows the guidance in ASC 820 for its financial assets and liabilities that are re-measured and reported at fair value at each
reporting period, and non-financial assets and liabilities that are-measured and reported at fair value at least annually.

The
fair value of the Company’s financial assets and liabilities reflects management’s estimate of amounts that the Company would
have received in connection with the sale of the assets or paid in connection with the transfer of the liabilities in an orderly transaction
between market participants at the measurement date. In connection with measuring the fair value of its assets and