Company: TBMC
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002139
Chunk: 906

Company: Trailblazer Merger Corp I
Filing Date: 2025-03-25
Form: 10-K
Item: Item 7
Chunk 906
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 (d)(2), (d)(3) and (d)(4) of Rule 2a-7 promulgated under the Investment
Company Act of 1940, as amended (or any successor rule), which invest only in direct U.S. government treasury obligations, as determined
by us; the Trustee may not invest in any other securities or assets, it being understood that the Trust Account will earn no interest
while account funds are uninvested awaiting our instructions hereunder; and while account funds are invested or uninvested, the Trustee
may earn bank credits or other consideration. We agreed to give all instructions to the Trustee in writing, signed by the Chairman of
the Board, Chief Executive Officer, Chief Financial Officer or Secretary. In addition, the Trustee shall be entitled to rely on, and shall
be protected in relying on, any verbal or telephonic advice or instruction which it, in good faith and with reasonable care, believes
to be given by any one of the persons authorized to give written instructions, provided that we shall promptly confirm such instructions
in writing. We will Pay the Trustee the fees set forth in the agreement, including an initial acceptance fee, annual administration fee,
and transaction processing fee which fees shall be subject to modification by the parties from time to time.

In connection with the Annual Meeting held on
September 26, 2024, the Company amended its investment management trust agreement, dated as of March 28, 2023, by and between the Company
and Continental Stock Transfer & Trust Company, to allow the Company to extend the date by which the Company must consummate a business
combination up to twelve times, each such extension for an additional one month period, until September 30, 2025 and to remove the provision
in permitting the withdrawal of $100,000 of dissolution expenses from the trust account of the Company.

Critical Accounting Estimates

Certain of our accounting policies require that
management apply significant judgments in defining the appropriate assumptions integral to financial estimates. On an ongoing basis, management
reviews the accounting policies, assumptions, estimates and judgments to ensure that our financial statements are presented fairly and
in accordance with U.S. GAAP. Judgments are based on historical experience, terms of existing contracts, industry trends and information
available from outside sources, as appropriate. Some of the more significant estimates are in connection with determining the fair value
of the stock-based compensation and the derivative financial instruments at the time of the initial public offering.