Company: BLZRW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110002
Chunk: 54

Company: Trailblazer Acquisition Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 2
Chunk 54
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underwriters of the Initial Public Offering are entitled to a deferred underwriting discount of 4.0% of the gross proceeds of the Initial
Public Offering and 6.0% of the gross proceeds sold pursuant to the Over-Allotment Option, or $11,700,000 in the aggregate, payable upon
the closing of an initial Business Combination, but such Deferred Fee shall be due solely on amounts remaining in the Trust Account following
all properly submitted shareholder redemptions in connection with the consummation of our initial Business Combination pursuant to the
Underwriting Agreement.

Registration
Rights

The
holders of (i) the Founder Shares, (ii) the Private Placement Warrants and (iii) any private placement-equivalent warrants issued in
connection with the Working Capital Loans, if any (and in each case holders of their underlying securities, as applicable) are entitled
to registration rights pursuant to the Registration Rights Agreement, requiring us to register such securities for resale (in the case
of the Founder Shares, only after conversion to our Class A Ordinary Shares). The holders of the majority of these securities are entitled
to make up to three demands, excluding short form demands, that we register such securities. In addition, the holders have certain “piggy-back”
registration rights with respect to registration statements filed subsequent to the consummation of a Business Combination and rights
to require us to register for resale such securities pursuant to Rule 415 under the Securities Act. Cantor may only make a demand on
one occasion and only during the five-year period beginning on the effective date of the IPO Registration Statement. In addition, Cantor
may participate in a “piggy-back” registration only during the seven-year period beginning on the effective date of the IPO
Registration Statement. We will bear the expenses incurred in connection with the filing of any such registration statements.

Letter
Agreement

Our
Sponsor, directors and officers have entered into the Letter Agreement with us, pursuant to which, they have waived their rights to liquidating
distributions from the Trust Account with respect to any Founder Shares held by them if we fail to complete our initial Business Combination
within the Combination Period. However, if they acquire Public Shares in or after the Initial Public Offering, they will be entitled
to liquidating distributions from the Trust Account with respect to such Public Shares if we fail to complete our initial Business Combination
within the Combination Period.

Additionally,
pursuant to the Letter Agreement, our Sponsor, directors and officers will not