Company: TBMC
Filing Date: 2025-11-21
Form Type: 10-Q
Source: 0001213900-25-113605
Chunk: 177

Company: Trailblazer Merger Corp I
Filing Date: 2025-11-21
Form: 10-Q
Item: Part I, Item 2
Chunk 177
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 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 September 30, 2025,
the Sponsor deposited a total of $2,379,439 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 September 30, 2025.

23

On October 10, 2025, the
Sponsor deposited $11,649 into the Company’s Trust Account to extend the Termination Date from September 30, 2025 to October 31,
2025.

On November 4, 2025, the
Sponsor deposited $11,649 into the Company’s Trust Account to extend the Termination Date from October 31, 2025 to November 30,
2025.

The Extension Payment was
loaned as a draw down pursuant to a non-interest bearing unsecured promissory note the Company issued to the Sponsor on May 17, 2022,
pursuant to which the Company was able borrow up to an aggregate principal amount of $300,000 (the “Note”). On January 20,
2023, the maximum amount available under the Note was amended and increased to $400,000. As of March 31, 2023, both the Company and
the Sponsor mutually agreed to extend the maturity date of the original Note. On March 27, 2024, the maximum amount available under
the Note was, further, amended and increased to $1,090,000. On June 25, 2024, the maximum amount available under the Note was further
amended and increased to $1,780,000. On September 16, 2024, the maximum amount available under the Note was further amended and increased
to $1,980,000