Company: BLZRW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110002
Chunk: 71

Company: Trailblazer Acquisition Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 3
Chunk 71
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ling the holder thereof to purchase one Class A Ordinary Share for $11.50 per share, subject to adjustment.
The Units were sold at a price of $10.00 per Unit, generating gross proceeds to us of $275,000,000. Cantor acted as sole book runner
and representative of the underwriters.

On
September 11, 2025, simultaneously with the consummation of our Initial Public Offering and pursuant to the Private Placement Warrants
Purchase Agreements, we completed the private sale of an aggregate of 4,533,333 Private Placement Warrants at a purchase price of $1.50
per Private Placement Warrant, to our Sponsor and Cantor, generating gross proceeds of $6,800,000.

Following
the closing of our Initial Public Offering on September 11, 2025, a total of $275,000,000 comprised of $270,200,000 of the proceeds from
the Initial Public Offering (which amount includes $11,700,000 of the Deferred Fee) and $6,800,000 of the proceeds from the Private Placement,
was placed in a U.S.-based trust account maintained by Continental, acting as trustee. The proceeds held in the Trust Account may be
invested by the trustee only in U.S. government securities with a maturity of 185 days or less or in money market funds investing solely
in U.S. government treasury obligations and meeting certain conditions under Rule 2a-7 under the Investment Company Act. To mitigate
the risk that we might be deemed to be an investment company for purposes of the Investment Company Act, which risk increases the longer
that we hold investments in the Trust Account, we may, at any time (based on our Management Team’s ongoing assessment of all factors
related to our potential status under the Investment Company Act), instruct the trustee to liquidate the investments held in the Trust
Account and instead to hold the funds in the Trust Account in cash or in an interest-bearing demand deposit account at a bank.

The
remaining proceeds from the Initial Public Offering and the Private Placement are held outside the Trust Account. Such funds are being
used primarily to enable us to identify a target and to negotiate and consummate our initial Business Combination.

There
has been no material change in the planned use of the proceeds from our Initial Public Offering and the Private Placement as described
in the IPO Registration Statement. The specific investments in our Trust Account may change from time to time.

Purchases
of Equity Securities by