Company: TBMC
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001213900-25-075720
Chunk: 149

Company: Trailblazer Merger Corp I
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 2
Chunk 149
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 under the Note was further amended and increased
to $1,780,000. On September 16, 2024, the maximum amount available under the Note was further amended and increased to $1,980,000. On
September 30, 2024, the maximum amount available under the Note was further amended and increased to $2,280,000. On November 29, 2024,
the maximum amount available under the Note was further amended and increased to $2,780,000. On February 21, 2025, the maximum amount
available under the Note was further amended and increased to $3,530,000.

On March 24, 2025, the Note
was amended and restated in its entirety, in order to provide, among other things, (1) that the maturity date of the Note is May 31, 2025;
provided, however, that if Trailblazer completes an initial business combination, the Note shall be extended for an additional eighteen
(18) months from the closing of the initial business combination, (2) for certain post-business combination transaction participation
rights for the Sponsor as well as most favored nation rights for the Sponsor with respect to certain post business combination transactions
and (3) for equal monthly payments of $125,000 due commencing on the first business day of the calendar month following the month in which
Trailblazer closes its initial business combination. On May 29, 2025, the Note was further amended, pursuant to which (i) the maximum
amount available to borrow under the Note was further increased by an additional $500,000 to $4,030,000 and (ii) the maturity date of
the Note was amended to be the earlier of July 30, 2025 or the closing of the Company’s initial business combination. On July 29,
2025, the Company entered into a second amended and restated promissory note with the Sponsor, pursuant to which (i) the maturity date
of the Note was amended to be the later of September 15, 2025 or the closing of the Company’s initial business combination and (ii)
the outstanding principal balance of the Note will be converted into preferred stock of the Corporation at the closing of the initial
business Combination.

As approved by its stockholders
at the Annual Meeting of stockholders held on September 26, 2024, the Company filed an amendment to its Charter with the Delaware Secretary
of State