Company: BLZRW
Filing Date: 2025-08-25
Form Type: S-1/A
Source: 0001213900-25-080183
Chunk: 27

Company: Trailblazer Acquisition Corp.
Filing Date: 2025-08-25
Form: S-1/A
Chunk 27
---
 on a greater than one-to-one basis upon conversion |
| Each independent director                                                       |     | 25,000 founder shares                                                                                                                                                                                                                                                                                                                                                          |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                             Compensation for services as a director of the Company |
| Chief financial officer                                                         |     | 15,000 founder shares                                                                                                                                                                                                                                                                                                                                                          |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                             Compensation for services as an officer of the Company |
| Trailblazer Sponsor LLC, our officers, directors or their respective affiliates |     | Finder’s fees, advisory fees, consulting fees or success fees                                                                                                                                                                                                                                                                                                                  |     | We may engage our sponsor or an affiliate of our sponsor as an advisor or otherwise in connection with our initial business combination and certain other transactions and pay such person or entity a salary or fee in an amount that constitutes a market standard for comparable transactions.  Any services in order to effectuate the completion of our initial business, which, if made prior to the completion of our initial business combination, will be paid from funds held outside the trust account. |

10 Because our sponsor acquired the founder shares at a nominal price, our public shareholders will incur immediate and substantial dilution upon the closing of this offering, assuming no value is ascribed to the warrants included in the units. Further, the Class A ordinary shares issuable in connection with the conversion of the founder shares may result in material dilution to our public shareholders due to the anti -dilutionrights of our founder shares that may result in an issuance of Class A ordinary shares on a greater than one -to-onebasis upon conversion. Additionally, our public shareholders may experience material dilution from the exercise of the 4,000,000 private placement warrants to be purchased by our sponsor and Cantor Fitzgerald & Co. simultaneously with the closing of this offering, as well as from the conversion of any working capital loans into private placement warrants, if elected by the sponsor. The cashless exercise of the private placement warrants, including private placement warrants that may be issued upon conversion of working capital loans, along with the public warrants under the circumstances specified in the warrant agreement as described herein, may result in material dilution to our public shareholders. See the sections titled “ Risk Factors — Risks Relating to our Securities — The nominal purchase price paid by our sponsor for the founder shares may result in significant dilution to the implied value of your public shares upon the consummation of our initial business combination, and our sponsor is likely to make a substantial profit on its investment in us in the event we consummate an initial business