Company: TBMC
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002139
Chunk: 184

Company: Trailblazer Merger Corp I
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1A
Chunk 184
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 260, “Earnings Per Share.” Net income per share of common stock is computed by dividing net
income by the weighted average number of shares of common stock outstanding for the period. Subsequent remeasurement of the redeemable
Class A common stock is excluded from income per share of common stock as the redemption value approximates fair value. Net income
per share of common stock is computed by dividing the pro rata net income between the shares of Class A common stock and the shares
of Class B common stock by the weighted average number of shares of common stock outstanding for each of the periods. The calculation
of diluted income per share does not consider the effect of the rights issued in connection with the IPO, as well as rights issuable upon
the exercise of the conversion option on outstanding working capital loans, since the exercise of the rights is contingent upon the occurrence
of future events and the inclusion of such rights would be anti-dilutive. The rights are exercisable for 729,450 shares of Class A
common stock in the aggregate.

The following table reflects the calculation of
basic and diluted net income per share of common stock (in dollars, except share amounts):  

    For the Year December 31, 

    2024  
    2023 

    Class A  
    Class B  
    Class A  
    Class B 
  
    Basic net income per common stock 

    Numerator: 

    Allocation of net income 
    $277,658  
    $—  
    $1,347,254  
    $— 
  
    Denominator: 

    Basic and weighted average common stock outstanding 
     7,830,576  
     1  
     7,165,376  
     1 
  
    Basic net income per common stock 
    $0.04  
    $—  
    $0.19  
    $— 

    For the Year December 31, 

    2024  
    2023 

    Class A  
    Class B  
    Class A  
    Class B 
  
    Diluted net income per common stock 

    Numerator: 

    Allocation of net income 
    $277,658  
    $—  
    $1,347,254  
    $— 
  
    Denominator: