Company: TBMC
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002139
Chunk: 590

Company: Trailblazer Merger Corp I
Filing Date: 2025-03-25
Form: 10-K
Item: Item 3
Chunk 590
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 December 31, 2023, the Company
did not withdraw any interest income from the Trust Account.

The following table presents information about
the Company’s assets that are measured at fair value on a recurring basis at December 31, 2024 and December 31, 2023 and indicates
the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value.

Description

    Level 
    December 31, 2024  
    December 31, 2023 
  
    Assets: 

    Marketable securities held in Trust Account 
    1 
     26,832,298  
     72,994,711 
  
    Total marketable securities held in Trust Account 
    1 
    $26,832,298  
    $72,994,711 

NOTE 10. SEGMENT INFORMATION

ASC Topic 280, “Segment Reporting,”
establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic
areas, and major customers. Operating segments are defined as components of an enterprise that engage in business activities from which
it may recognize revenues and incur expenses, and for which separate financial information is available that is regularly evaluated by
the Company’s chief operating decision maker, or group, in deciding how to allocate resources and assess performance.

F-22

The Company’s chief operating decision maker
(“CODM”) has been identified as the Chief Executive Officer and the Chief Financial Officer, who reviews the assets, operating
results, and financial metrics for the Company as a whole to make decisions about allocating resources and assessing financial performance.
Accordingly, management has determined that there is only one reportable segment.

The CODM assesses performance for the single segment
and decides how to allocate resources based on net income or loss that also is reported on the statement of operations as net income or
loss. The measure of segment assets is reported on the balance sheet as total assets. When evaluating the Company’s performance
and making key decisions regarding resource allocation, the CODM reviews several key metrics included in net income or loss and total
assets, which include the following:

    For the Years Ended 
December 31, 

    2024  
    2023 
  
    General and administrative expenses 
    $2,293,333  
    $543,536 
  
    Interest earned on the Trust Account 
    $3,296,420  
    $2,606