Company: TBMC
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002139
Chunk: 1772

Company: Trailblazer Merger Corp I
Filing Date: 2025-03-25
Form: 10-K
Item: Item 8
Chunk 1772
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 person, or a member of his or her family, receives improper
personal benefits as a result of his or her position

We also require each of our
directors and executive officers to annually complete a directors’ and officers’ questionnaire that elicits information about
related party transactions.

These procedures are intended
to determine whether any such related party transaction impairs the independence of a director or presents a conflict of interest on the
part of a director, employee or officer.

To further minimize conflicts
of interest, we have agreed not to consummate our initial business combination with an entity that is affiliated with any of our insiders,
officers or directors unless we have obtained an opinion from an independent investment banking firm and the approval of a majority of
our disinterested and independent directors (if we have any at that time) that the business combination is fair to our unaffiliated stockholders
from a financial point of view. In no event will our insiders, or any of the members of our management team be paid any finder’s
fee, consulting fee or other similar compensation prior to, or for any services they render in order to effectuate, the consummation of
our initial business combination (regardless of the type of transaction that it is).

Director Independence

Nasdaq listing standards require
that a majority of our board of directors be independent. For a description of the director independence, see “- Part III, Item
10 - Directors, Executive Officers and Corporate Governance”.

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Item 14. Principal Accountant Fees and Services.

The engagement of Marcum LLP was approved by the
Audit Committee of the Company’s Board of Directors. During the period from November 12, 2021 (inception) through December 31, 2024,
Marcum has acted as our principal independent registered public accounting firm. The following is a summary of fees paid or to be paid
to both firms for services rendered.

(1)Audit
Fees. Audit fees consist of fees billed for professional services rendered by our independent registered public accounting firm for
the audit of our annual financial statements and review of financial statements included in our Quarterly Reports on Form 10-Q or services
that are normally provided by our independent registered public accounting firm in connection with statutory and regulatory filings or
engagements. The aggregate fees billed by Marcum for Audit Fees for the years ended December 31, 2024 and 2023 totaled $239,990 and $228,145,
respectively.

(2)Audit-Related