Company: TBMC
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043357
Chunk: 9

Company: Trailblazer Merger Corp I
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 9
---
ended 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.

6

As
approved by its stockholders at the annual meeting of stockholders held on September 26, 2024 (the “Annual Meeting”), the
Company filed an amendment to its Amended and Restated Certificate of Incorporation (the “Charter”) with the Delaware Secretary
of State on September 27, 2024 (the “Charter Amendment”), and also amended its investment management trust agreement, to
(a) modify the terms and extend the date (the “Termination Date”) by which the Company has to consummate a business combination
by allowing the Company, through resolution of the board of directors without another stockholder vote, to elect to extend the Termination
Date by one month each time from September 30, 2024 to September 30, 2025 (the “Combination Period”), or such earlier date
as determined by the Board in its sole discretion, unless the closing of a business combination shall have occurred prior thereto; and
(b) to remove the provision which permitted the withdrawal of $100,000 from the trust account of the Company in order to pay dissolution
expenses. For each monthly extension approved by the Board, the monthly payment required to be deposited into the Company’s Trust
Account to extend the Termination Date by one month should be the lesser of (i) $0.035 for each outstanding share of Public Stock after
giving effect to the redemption, and (ii) $100,000.

In
connection with the stockholders’ vote at the Annual Meeting, 4,520,384 shares were tendered for redemption.

On
October 9, 2024, $49,774,936, or approximately $11.01 redemption price per share, was withdrawn from the Trust Account to pay the redeeming
holders and the 4,520,384 shares of the Company’s Class A common stock that were redeemed were cancelled.

Through March 31, 2025