Company: TBMC
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002139
Chunk: 315

Company: Trailblazer Merger Corp I
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1C
Chunk 315
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 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 December 31, 2024,
the Sponsor deposited a total of $1,713,146 (the “Extension Payment”) 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 January 31, 2025.

On February 4, 2025, the Sponsor
deposited $83,287 into the Company’s Trust Account to extend the Termination Date from January 31, 2025 to February 28, 2025. On
February 27, 2025, the Sponsor deposited $83,287 into the Company’s Trust Account to extend the Termination Date from February 28,
2025 to March 31, 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. On September 30, 2024, the maximum
amount available under the Note was further