Company: TBMC
Filing Date: 2025-11-21
Form Type: 10-Q
Source: 0001213900-25-113605
Chunk: 1

Company: Trailblazer Merger Corp I
Filing Date: 2025-11-21
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 31, 2024, respectively 
     3,846,478  
     26,634,152 

    Stockholders’ Deficit 

    Preferred Stock, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding 
     —  
     — 
  
    Class A common stock, $0.0001 par value; 100,000,000 shares authorized: 2,119,499 issued and outstanding (excluding 332,816 and 2,379,616 shares subject to possible redemption) as of September 30, 2025 and December 31, 2024, respectively 
     212  
     212 
  
    Class B common stock, $0.0001 par value; 5,000,000 shares authorized; 1 share issued and outstanding as of September 30, 2025 and December 31, 2024 
     —  
     — 
  
    Additional paid-in capital 
     —  
     — 
  
    Accumulated deficit 
     (11,867,849) 
     (6,081,499)
  
    Total Stockholders’ Deficit 
     (11,867,637) 
     (6,081,287)
  
    Total Liabilities and Stockholders’ Deficit 
    $28,102,696  
    $27,733,954 

The accompanying notes are an integral part of
the unaudited condensed consolidated financial statements.

1

TRAILBLAZER MERGER CORPORATION I

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

    For the Three  Months Ended September 30,  
    For  the Nine  Months Ended September 30, 

    2025  
    2024  
    2025  
    2024 
  
    Operating and formation costs 
    $563,783  
    $532,847  
    $1,675,074  
    $1,493,646 
  
    Loss from operations 
     (563,783) 
     (532,847) 
     (1,675,074) 
     (1,493,646)

    Other (loss) income: 

    Loss on debt extinguishment of promissory note