Company: TBMC
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002139
Chunk: 364

Company: Trailblazer Merger Corp I
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1C
Chunk 364
---
 —  
     207,087 
  
    Interest earned on marketable securities held in Trust Account 
     (3,296,420) 
     (2,606,031)
  
    Unrealized gain on marketable securities held in Trust Account 
     —  
     (8,832)
  
    (Benefit) Deferred tax provision from income taxes 
     (210,152) 
     210,152 
  
    Changes in operating assets and liabilities: 

    Prepaid expenses 
     107,103  
     (139,854)
  
    Prepaid insurance 
     25,681  
     (25,681)
  
    Accounts payable and accrued expenses 
     950,362  
     237,544 
  
    Income taxes payable 
     587,865  
     306,834 
  
    Net cash used in operating activities 
     (1,557,903) 
     (471,527)

    Cash Flows from Investing Activities: 

    Extension deposit into Trust Accounts 
     (1,713,146) 
     (70,380,000)
  
    Proceeds from Trust Account to pay franchise and income taxes 
     1,397,196  
     — 
  
    Proceeds from Trust Account to pay the redeeming stockholders 
     49,774,936  
     — 
  
    Net cash provided by (used in) investing activities 
     49,458,985  
     (70,380,000)

    Cash Flows from Financing Activities: 

    Proceeds from sale of units, net of underwriting discounts paid 
     —  
     67,965,000 
  
    Proceeds from sale of private placement units 
     —  
     3,945,000 
  
    Proceeds from promissory note - related party 
     2,207,860  
     100,085 
  
    Repayment of promissory note - related party 
     —  
     (3,500)
  
    Redemption payment to redeeming stockholders 
     (49,774,936) 
     — 
  
    Payment of offering costs 
     (75,000) 
     (581,635)
  
    Net cash (used in) provided by financing activities 
     (47,