Company: TBMC
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002139
Chunk: 9

Company: Trailblazer Merger Corp I
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1
Chunk 9
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 Teams

We are seeking candidates who
have strong, experienced management teams with a focus on driving revenue growth, enhancing profitability and generating strong free cash
flow. We seek to partner with the potential target’s management team and expect that the operating and financial abilities of our
management and board will help the potential target company to unlock opportunities for future growth and enhanced profitability.

Attractive Valuations

We will only evaluate a business
that, based on our due diligence and industry experience, represents an attractive valuation relative to publicly listed companies with
similar characteristics or in similar industry segments.

Will Benefit from Being a Public Company

We are pursuing a business
that will benefit from being a public company, including potentially having broader access to capital and a public currency for acquisitions.

Clear Competitive Advantages

We are targeting businesses
that differentiate themselves from their peers in ways that are difficult to replicate and have clear competitive advantages.

5

High Growth Potential and Cash Flow

We seek businesses that are
well positioned to grow in their respective markets and which have clear plans on how to leverage additional capital to accelerate growth.
We are targeting businesses that have had, or expect to have, strong cash flow generation.

Business Combination

On July 22, 2024, Trailblazer
entered into a merger agreement, by and among Trailblazer, Trailblazer Merger Sub, Ltd., an Israeli company and a direct, wholly owned
subsidiary of Trailblazer (“Merger Sub”), Trailblazer Holdings, Inc., a Delaware corporation and a direct, wholly owned subsidiary
of Trailblazer (“Holdings”), and Cyabra Strategy Ltd., a private company organized in Israel (“Cyabra”) (as amended
on November 11, 2024 and as it may be further amended and/or restated from time to time, the “Merger Agreement”).

The Merger Agreement provides
that, among other things and upon the terms and subject to the conditions thereof, (a) Trailblazer shall merge with and into Holdings
and Holdings shall be the survivor of such merger (the “Parent Merger” and all references to Trailblazer subsequent to the
Parent Merger shall be intended to refer to Holdings as the survivor of the Parent Merger) and (b) Merger Sub shall merge with and
into Cyabra, with Cyabra being the surviving entity (the “Acquisition Merger” and, together with the Parent Merger and all
other transactions contemplated by the Merger Agreement, the “Business Combination