Company: TBMC
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002139
Chunk: 154

Company: Trailblazer Merger Corp I
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1A
Chunk 154
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 aggregate amount involved will or may be expected to exceed $120,000 in any calendar year, (2) we or any of our subsidiaries
is a participant, and (3) any (a) executive officer, director or nominee for election as a director, (b) greater than 5% beneficial owner
of our shares of common stock, or (c) immediate family member, of the persons referred to in clauses (a) and (b), has or will have a direct
or indirect material interest (other than solely as a result of being a director or a less than 10% beneficial owner of another entity).
A conflict of interest situation can arise when a person takes actions or has interests that may make it difficult to perform his or her
work objectively and effectively. Conflicts of interest may also arise if a person, or a member of his or her family, receives improper
personal benefits as a result of his or her position

We also require each of our
directors and executive officers to annually complete a directors’ and officers’ questionnaire that elicits information about
related party transactions.

These procedures are intended
to determine whether any such related party transaction impairs the independence of a director or presents a conflict of interest on the
part of a director, employee or officer.

To further minimize conflicts
of interest, we have agreed not to consummate our initial business combination with an entity that is affiliated with any of our insiders,
officers or directors unless we have obtained an opinion from an independent investment banking firm and the approval of a majority of
our disinterested and independent directors (if we have any at that time) that the business combination is fair to our unaffiliated stockholders
from a financial point of view. In no event will our insiders, or any of the members of our management team be paid any finder’s
fee, consulting fee or other similar compensation prior to, or for any services they render in order to effectuate, the consummation of
our initial business combination (regardless of the type of transaction that it is).

Director Independence

Nasdaq listing standards require
that a majority of our board of directors be independent. For a description of the director independence, see “- Part III, Item
10 - Directors, Executive Officers and Corporate Governance”.

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Item 14. Principal Accountant Fees and Services.

The engagement of Marcum LLP was approved by the
Audit Committee of the Company’s Board of Directors. During the period from November 12,