Company: TBMC
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043357
Chunk: 92

Company: Trailblazer Merger Corp I
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 92
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 to sell the Registrable Securities under Rule 144 (or any similar provision) under the Securities
Act without limitation on the amount of securities sold or the manner of sale and without compliance with public reporting requirements.

The
PIPE Investment

The
Company will enter into subscription agreements with certain investors providing for aggregate investments in the amount of no less than
$6,000,000 in the Company Common Stock in a private placement that will close concurrently with the Closing (the “PIPE Investment”).

In
the event that in excess of $3,500,000 remains in the Trust Account after redemption of the Company Class A Common Stock in connection
with the Merger, the 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