Company: TBMC
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002139
Chunk: 1495

Company: Trailblazer Merger Corp I
Filing Date: 2025-03-25
Form: 10-K
Item: Item 12
Chunk 1495
---
 Deferred underwriting fee payable 
     2,070,000  
     2,070,000 
  
    Total Liabilities 
     7,181,089  
     3,222,405 

    Commitments and Contingencies (Note 6) 

    Class A common stock subject to possible redemption, 2,379,616 and 6,900,000 shares at redemption value at $11.19 per share as of December 31, 2024 and $10.47 at December 31, 2023, respectively 
     26,634,152  
     72,224,950 

    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 2,379,616 and 6,900,000 shares subject to possible redemption) at December 31, 2024 and 2023, respectively 
     212  
     212 
  
    Class B common stock, $0.0001 par value; 5,000,000 shares authorized; 1 share issued and outstanding at December 31, 2024 and 2023 
     —  
     — 
  
    Additional paid-in capital 
     —  
     — 
  
    Accumulated deficit 
     (6,081,499) 
     (1,677,270)
  
    Total Stockholders’ Deficit 
     (6,081,287) 
     (1,677,058)
  
    Total Liabilities and Stockholders’ Deficit 
    $27,733,954  
    $73,770,297 

The accompanying notes are an integral
part of these consolidated financial statements.

F-3

TRAILBLAZER MERGER CORPORATION I

CONSOLIDATED STATEMENTS OF OPERATIONS

    For the Years Ended December 31, 

    2024  
    2023 
  
    Operating and formation costs 
    $2,293,333  
    $543,536 
  
    Loss from operations 
     (2,293,333) 
     (543,