Company: TBMC
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043357
Chunk: 102

Company: Trailblazer Merger Corp I
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 102
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 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
March 31, 2025, the Sponsor deposited a total of $1,879,719 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 March 31, 2025.

22

On
April 1, 2025, the Sponsor deposited $83,287 into the Company’s Trust Account to extend the Termination Date from March 31, 2025
to April 30, 2025. On May 2, 2025, the Sponsor deposited $83,287 into the Company’s Trust Account to extend the Termination Date
from April 30, 2025 to May 31, 2025.

The