Company: BLZRW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110002
Chunk: 44

Company: Trailblazer Acquisition Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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 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 Public Offering of 27,500,000 Units, including 3,500,000 Option Units issued pursuant
to the partial exercise of the Over-Allotment Option. Each Unit consists of one Public Share, and one-third of one Public Warrant, with
each whole Public Warrant entitling the holder thereof to purchase one Class A Ordinary Share for $11.50 per share, subject to adjustment.
The Units were sold at a price of $10.00 per Unit, generating gross proceeds to us of $275,000,000. Cantor acted as sole book runner
and representative of the underwriters.

On
September 11, 2025, simultaneously with the consummation of our Initial Public Offering and pursuant to the Private Placement Warrants
Purchase Agreements, we completed the private sale of an aggregate of 4,533,333 Private Placement Warrants at a purchase price of $1.50
per Private Placement Warrant, to our Sponsor and Cantor, generating gross proceeds of $6,800,000.

Following
the closing of our Initial Public Offering on September 11, 2025, a total of $275,000,000 comprised of $270,200,000 of the proceeds from
the Initial Public Offering (which amount includes $11,700,000 of the Deferred Fee) and $6,800,000 of the proceeds