Company: TBMC
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043357
Chunk: 31

Company: Trailblazer Merger Corp I
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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 PIPE Investment shall be reduced by the amount by which the Trust Account exceeds $3,500,000. Further, up to $1,000,000
of the PIPE Investment may be provided upon the initial filing of the Registration Statement with the Securities and Exchange Commission,
if mutually agreed upon between the parties. To date, none of the PIPE Investment has been provided.

NOTE 7.
 STOCKHOLDERS’ DEFICIT

Preferred
Stock — The Company is authorized to issue 1,000,000 shares of $0.0001 par value preferred stock. At March 31, 2025
and December 31, 2024, there were no shares of preferred stock issued and outstanding.

Class A
Common Stock — The Company is authorized to issue up to 100,000,000 shares of Class A, $0.0001 par value common
stock. Holders of the Company’s common stock are entitled to one vote for each share. At March 31, 2025 and December 31, 2024,
there were 2,119,499 shares of Class A common stock issued and outstanding, excluding 2,379,616 shares of Class A common stock
subject to possible redemption.

Class B
Common Stock — The Company is authorized to issue up to 5,000,000 shares of Class B, $0.0001 par value common
stock. Holders of the Company’s common stock are entitled to one vote for each share. At March 31, 2025 and December 31, 2024,
there was 1 share of Class B common stock issued and outstanding.

The
holder of our 1 share of Class B common stock will have the right to elect all of our directors prior to our initial business combination
and the holders of our shares of Class A common stock will not be entitled to vote on the election of directors during such time.
Holders of Class A common stock and Class B common stock will vote together as a single class on other matters submitted to
a vote of stockholders, except as required by law. However, with respect to amending our charter to increase or decrease the aggregate
number of authorized shares, holders of our Class A common stock and holders of our Class B common stock will vote as a separate
class.

Rights — Except
in cases where the Company is not the surviving company in a Business Combination