Company: TBMC
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002139
Chunk: 1435

Company: Trailblazer Merger Corp I
Filing Date: 2025-03-25
Form: 10-K
Item: Item 11
Chunk 1435
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 $73,770,297 

    Liabilities and Stockholders’ Deficit 

    Current liabilities 

    Accounts payable and accrued expenses 
    $1,189,196  
    $238,834 
  
    Accrued offering costs 
     —  
     75,000 
  
    Income taxes payable 
     894,699  
     306,834 
  
    Excise tax payable 
     497,749  
     — 
  
    Promissory note related party 
     2,529,445  
     321,585 
  
    Total current liabilities 
     5,111,089  
     942,253 
  
    Deferred tax liability 
     —  
     210,152 
  
    Deferred underwriting fee payable 
     2,070,000  
     2,070,000 
  
    Total Liabilities 
     7,181,089  
     3,222,405 

    Commitments and Contingencies (Note 6) 

    Class A common stock subject to possible redemption, 2,379,616 and 6,900,000 shares at redemption value at $11.19 per share as of December 31, 2024 and $10.47 at December 31, 2023, respectively 
     26,634,152  
     72,224,950 

    Stockholders’ Deficit 

    Preferred Stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding 
     —  
     — 
  
    Class A common stock, $0.0001 par value; 100,000,000 shares authorized: 2,119,499 issued and outstanding (excluding 2,379,616 and 6,900,000 shares subject to possible redemption) at December 31, 2024 and 2023, respectively 
     212  
     212 
  
    Class B common stock, $0.0001 par value; 5,000,000 shares authorized; 1 share issued and outstanding at December 31, 2024 and 2023 
     —  
     — 
  
    Additional paid-in capital 
     —  
     — 
  
    Accumulated deficit 
     (6,081,499) 
     (