Company: TBMC
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002139
Chunk: 1589

Company: Trailblazer Merger Corp I
Filing Date: 2025-03-25
Form: 10-K
Item: Item 13
Chunk 1589
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 $543,536 
  
    Interest earned on the Trust Account 
    $3,296,420  
    $2,606,031 

The CODM reviews interest earned on the Trust
Account to measure and monitor stockholder value and determine the most effective strategy of investment with the Trust Account funds
while maintaining compliance with the Trust Agreement.

General and administrative expenses are reviewed
and monitored by the CODM to manage and forecast cash to ensure enough capital is available to complete a business combination or similar
transaction within the business combination period. The CODM also reviews general and administrative costs to manage, maintain and enforce
all contractual agreements to ensure costs are aligned with all agreements and budget. General and administrative costs, as reported on
the statement of operations, are the significant segment expenses provided to the CODM on a regular basis.

All other segment items included in net income
or loss are reported on the statement of operations and described within their respective disclosures.

NOTE 11. SUBSEQUENT EVENTS

The Company evaluated subsequent events
and transactions that occurred after the consolidated balance sheet date through the date that the consolidated financial statements were
issued. Based upon this review, other than described below, the Company did not identify any subsequent events that would have required
adjustment or disclosure in the consolidated financial statements.

On February 4, 2025, The Sponsor has funded the
extension that had previously been approved by the Board by depositing $83,287 into the Trust Account, thereby extending the time available
to the Company to consummate its initial business combination from January 31, 2025 to February 28, 2025.

On February 21, 2025, the maximum amount available
under the Note was further amended and increased to $3,530,000 and the maturity date was extended to the earlier
of (i) the close of the Company’s initial business combination or (ii) May 31, 2025.

On February 27, 2025, The Sponsor has
funded the extension that had previously been approved by the Board by depositing $83,287 into the Trust Account, thereby extending the
time available to the Company to consummate its initial business combination from February 28, 2025 to March 31, 2025.

On March 24, 2025, the Promissory
Note was amended and restated in its entirety, in order to provide, among other things, (1) that the maturity date of the Promiss