Company: TBMC
Filing Date: 2025-11-21
Form Type: 10-Q
Source: 0001213900-25-113605
Chunk: 118

Company: Trailblazer Merger Corp I
Filing Date: 2025-11-21
Form: 10-Q
Item: Part I, Item 8
Chunk 118
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ger, the PIPE Investment shall be
reduced by the amount by which the Trust Account exceeds $3,500,000. Further, up to $1,000,000 of the PIPE Investment may be provided
upon the initial filing of the Registration Statement with the Securities and Exchange Commission, if mutually agreed upon between the
parties. To date, none of the PIPE Investment has been provided.

NOTE 7. STOCKHOLDERS’ DEFICIT

Preferred Stock — The
Company is authorized to issue 1,000,000 shares of $0.0001 par value preferred stock. At September 30, 2025 and December 31, 2024, there
were no shares of preferred stock issued and outstanding.

Class A Common Stock —
The Company is authorized to issue up to 100,000,000 shares of Class A, $0.0001 par value common stock. Holders of the Company’s
common stock are entitled to one vote for each share. At September 30, 2025 and December 31, 2024, there were 2,119,499 shares of Class A
common stock issued and outstanding, excluding 332,816 and 2,379,616 shares of Class A common stock subject to possible redemption, respectively.

Class B Common Stock —
The Company is authorized to issue up to 5,000,000 shares of Class B, $0.0001 par value common stock. Holders of the Company’s
common stock are entitled to one vote for each share. At September 30, 2025 and December 31, 2024, there was 1 share of Class B common
stock issued and outstanding.

The holder of our 1 share of Class B common
stock will have the right to elect all of our directors prior to our initial business 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