Company: BLZRW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110002
Chunk: 86

Company: Trailblazer Acquisition Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part II, Item 1
Chunk 86
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 waived, without shareholder approval.

Certain
of the agreements related to the Initial Public Offering to which we are a party may be amended, or their provisions waived, without
shareholder approval. Such agreements include the (i) Underwriting Agreement, (ii) the Letter Agreement, (iii) the Registration Rights
Agreement, (iii) the Private Placement Warrants Purchase Agreements and (iv) the Administrative Services Agreement. These agreements
contain various provisions that our Public Shareholders might deem to be material. For example, our Letter Agreement and the Underwriting
Agreement contain certain lock-up provisions with respect to the Founder Shares and other securities held by our Initial Shareholders,
Sponsor, officers and directors, subject to certain exceptions. Amendments or waivers to such agreements would require the consent of
the applicable parties thereto and, in certain cases, the consent of the underwriters of the Initial Public Offering. Any such modification,
such as an amendment to shorten lock-up restrictions, may benefit our Initial Shareholders, Sponsor, officers and/or directors. Any such
amendments would not require approval from our shareholders, may result in the completion of our initial Business Combination that may
not otherwise have been possible, and may have an adverse effect on the value of an investment in our securities. For example, although
we would not amend lock-up provisions to permit securities held by our Initial Shareholders to be freely sold prior to our initial Business
Combination, we may amend such provisions to permit them to be freely sold after the Business Combination earlier than they would otherwise
be permitted, which may have an adverse effect on the price of our securities.

The
share price of the post-Business Combination company may be less than the Redemption Price (as defined below) of our Public Shares. 

Each Unit sold in our Initial
Public Offering at an offering price of $10.00 per Unit consisted of one Public Share and one-third of one Public Warrant. Of the proceeds
we received from the Initial Public Offering and the Private Placement, $275,000,000 was placed in our Trust Account. We will provide
our Public Shareholders the opportunity to redeem all or a portion of their Public Shares in connection with the completion of our initial
Business Combination, and potentially upon the occurrence of certain other events prior to our initial Business Combination. We expect
that the pro rata redemption price in any redemption will be approximately $10.02 per Public Share as of September 30, 2025 (before taxes
payable,