Company: BLZRW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110002
Chunk: 31

Company: Trailblazer Acquisition Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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 the Business
Combination, we are focusing our search on industries that complement our Management’s background, and to capitalize on the ability
of our Management to identify and acquire a business, focusing on the media and communications, sports and entertainment, technology,
and consumer retail sectors. We are an early stage and emerging growth company and, as such, we are subject to all of the risks associated
with early stage and emerging growth companies. We expect to continue to incur significant costs in the pursuit of our acquisition plans.
We cannot assure our shareholders that our plans to complete a Business Combination will be successful.

Our
IPO Registration Statement became effective on September 9, 2025 On September 11, 2025, we consummated our Initial Public Offering of
27,500,000 Units, including 3,500,000 Option Units issued pursuant to the partial exercise of the Over-Allotment Option. Each Unit consists
of one Public Share and one-third of one Public Warrant. The Units were sold at a price of $10.00 per Unit, generating gross proceeds
to us of $275,000,000.

Simultaneously
with the closing of the Initial Public Offering and pursuant to the Private Placement Warrants Purchase Agreement, we completed the sale
of an aggregate of 4,533,333 Private Placement Warrants to the Sponsor and Cantor in the Private Placement at a purchase price of $1.50
per Private Placement Warrant, generating gross proceeds to us of $6,800,000. Of those 4,533,333 Private Placement Warrants, the Sponsor
purchased 2,933,333 Private Placement Warrants and Cantor purchased 1,600,000 Private Placement Warrants. The Private Placement Warrants
(and underlying securities) are identical to the Public Warrants, except as otherwise disclosed in the IPO Registration Statement.

Following
the closing of the Initial Public Offering and Private Placement, an amount of $275,000,000 from the net proceeds of the Initial Public
Offering and the Private Placement was initially placed in the Trust Account located in the United States with Continental acting as
trustee. The Trust Account may be invested only (i) in U.S. government securities, within the meaning set forth in Section 2(a)(16) of
the Investment Company Act with a maturity of 185 days or less, (ii) in any open-ended investment company that holds itself out as a
money market fund selected by us meeting the conditions