Company: TBMC
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002139
Chunk: 1192

Company: Trailblazer Merger Corp I
Filing Date: 2025-03-25
Form: 10-K
Item: Item 9A
Chunk 1192
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 in a private
placement that will close concurrently with the Closing (the “PIPE Investment”).

In the event that in excess of $3,500,000 remains in the Trust Account
after redemption of the Company Class A Common Stock in connection with the Merger, 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.

F-19

NOTE 7.  STOCKHOLDERS’ DEFICIT

Preferred Stock — The
Company is authorized to issue 1,000,000 shares of $0.0001 par value preferred stock. At December 31, 2024 and 2023, 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 December 31, 2024 and 2023, there were 2,119,499 shares of Class A common
stock issued and outstanding, excluding 2,379,616 and 6,900,000 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 December 31, 2024 and 2023, 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