Company: BLZRW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110002
Chunk: 87

Company: Trailblazer Acquisition Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part II, Item 1
Chunk 87
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 if any, and such amount, the “Redemption Price”), representing a pro rata portion of our Trust Account without taking
into account any interest or other income earned on such funds (less any withdrawals from such interest or income for taxes paid), although
the Redemption Price may be less in certain circumstances. As a result, Public Shareholders who own our Public Shares on a redemption
date can anticipate receiving the Redemption Price in connection with a redemption for each Public Share that they choose to redeem.

There
can be no assurance that, after our initial Business Combination, our Public Shareholders would be able to sell their shares in the post-Business
Combination company for the Redemption Price, or any higher price. We have not, as yet, identified a target and are therefore unable
to provide any assurances as to its financial condition, business prospects or potential risks. It is therefore possible that the share
price of the post-Business Combination company may decline below the Redemption Price. In recent years, the share prices of many
post-Business Combination companies have fallen following a Business Combination. As a result, if our Public Shareholders continue to
hold shares in the post-Business Combination company following our initial Business Combination, we cannot assure our shareholders that
the trading price of such shares will be greater than the Redemption Price.

26

Item
2. Unregistered Sales of Equity Securities and Use of Proceeds.

Unregistered
Sales of Equity Securities

Simultaneously
with the closing of the Initial Public Offering and pursuant to the Private Placement Warrants Purchase Agreements, we completed the
sale of an aggregate of 4,533,333 Private Placement Warrants to the Sponsor and Cantor in the Private Placement at a purchase price of
$1.50 per Private Placement Warrant, generating gross proceeds to us of $6,800,000. Of those 4,533,333 Private Placement Warrants, the
Sponsor purchased 2,933,333 Private Placement Warrants and Cantor purchased 1,600,000 Private Placement Warrants. The Private Placement
Warrants are identical to the Public Warrants, except as otherwise disclosed in the IPO Registration Statement. No underwriting discounts
or commissions were paid with respect to such sale. The issuance of the Private Placement Warrants was made pursuant to the exemption
from registration contained in Section 4(a)(2) of the Securities Act.

Use
of Proceeds

On
September 11, 2025, we consummated our Initial