Company: TBMC
Filing Date: 2025-12-09
Form Type: 425
Source: 0001213900-25-119753
Chunk: 1

Company: Trailblazer Merger Corp I
Filing Date: 2025-12-09
Form: 425
Chunk 1
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 the Securities Act of 1933 (§230.405 of this chapter) or Rule
12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company,
indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement.

On
December 4, 2025 the parties thereto entered into an amendment (the “Amendment”) to that certain Second Amended and Restated
Promissory Note, dated as of July 29, 2025, as amended from time to time (the “Note”) by and among Trailblazer Merger Corporation
I, a Delaware corporation (the “Maker”), and Trailblazer Sponsor Group, LLC.

The
purpose of the Amendment was, among other things, to provide that principal balance of the Note shall be payable on the later of September
15, 2025 or the closing of Maker’s initial business combination; provided, however that in the event that Maker completes an initial
business combination, all of the outstanding principal balance will convert into new classes of preferred stock of Maker or its successor
with a total stated value of such preferred stock equal to 300% of the outstanding principal amount, as detailed in the Amendment.

A
copy of the Amendment is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference. The disclosures
set forth in this Item 1.01 are intended to be summaries only and are qualified in their entirety by reference to the Amendment.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The
disclosure contained in Item 1.01 of this Current Report on Form 8-K is incorporated by reference in this Item 2.03.

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Important Information About the Business Combination and Where to Find It

On
July 22, 2024, Trailblazer Merger Corporation I (“Parent”), a Delaware corporation, entered into a merger agreement, by and
among Parent, Trailblazer Merger Sub, Ltd., an Israeli company and a direct, wholly owned subsidiary of Parent (“Merger Sub”),
Trailbl