Company: TBMC
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075720
Chunk: 108

Company: Trailblazer Merger Corp I
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 108
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million (for a total
of $6.0 million) from additional purchasers pursuant to the terms of the 2024 Convertible Notes. On February 28, 2025, Alpha provided
Cyabra with a loan in an aggregate amount of $1.0 million in the form of a promissory note (the “2025 Note”). The 2025 Note
bears no interest and is due upon the earlier to occur of (i) April 30, 2025 and (ii) one calendar day prior to the consummation of the
Business Combination.

Upon the closing of the Business
Combination, subject to approval by Trailblazer’s stockholders and other customary closing conditions, Holdings will change its
name to “Cyabra, Inc.” and is expected to list on The Nasdaq Stock Market, LLC (“Nasdaq”).

The Extension of the Completion Window

On February 29, 2024,
the board of directors approved the exercise by the Company of the automatic extension of the time the Company has to complete a business
combination by an additional three months from March 31, 2024 to June 30, 2024. On June 25, 2024, the board of directors approved the
exercise by the Company of the automatic extension of the time the Company has to complete a business combination by an additional three
months from June 30, 2024 to September 30, 2024. Pursuant to the terms of the Company’s Amended 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.

Through June 30, 2025, the
Sponsor deposited a total of $2,212,866 into the Company’s Trust Account in order to extend the date by which the Company has to
consummate a business combination from March 31, 2024 to July 31, 2025.

22

On July 31, 2025, the Sponsor
deposited $83,287 into