Company: BLZRW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110002
Chunk: 101

Company: Trailblazer Acquisition Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part II, Item 2
Chunk 101
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 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 the Issuer and Affiliated Purchasers

There
were no repurchases of our equity securities by us or an affiliate during the quarterly period covered by the Report..

Item
3. Defaults Upon Senior Securities. 

None.

27

Item
4. Mine Safety Disclosures.

Not
applicable.

Item
5. Other Information.

Trading
Arrangements

 During the quarterly period ended September 30, 2025, none of our directors or officers (as defined in Rule 16a-1(f) promulgated under the Exchange Act) adopted or terminated any “Rule 10b5-1 trading arrangement” or any “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K. 

Additional
Information

None.

Item
6. Exhibits. 

The
following exhibits are filed as part of, or incorporated by reference into, this Report.

No.
 
Description
    of Exhibit

1.1
 
Underwriting Agreement, dated September 9, 2025, by and