Company: TBMC
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043357
Chunk: 33

Company: Trailblazer Merger Corp I
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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.

    Level
    2:
    Observable
    inputs other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities
    and quoted prices for identical assets or liabilities in markets that are not active.

    Level
    3:
    Unobservable
    inputs based on our assessment of the assumptions that market participants would use in pricing the asset or liability.

At
March 31, 2025, assets held in the Trust Account were comprised of $27,278,757 in money market funds. During the three months ended March
31, 2025, the Company did not withdraw any interest income from the Trust Account.

At
December 31, 2024, assets held in the Trust Account were comprised of $26,832,298 in money market funds. During the period ended December
31, 2024, the Company has withdrawn $1,397,196 interest income from the Trust Account to pay for the Company franchise and income taxes.

The
following table presents information about the Company’s assets that are measured at fair value on a recurring basis at March 31,
2025 and December 31, 2024 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair
value.

Description

    Level 
    March 31,  2025  
    December 31, 2024 
  
    Assets: 

    Marketable securities held in Trust Account 
    1 
     27,278,757  
     26,832,298 
  
    Total marketable securities held in Trust Account 
    1 
    $27,278,757  
    $26,832,298 

NOTE
9. SEGMENT INFORMATION

ASC
Topic 280, “Segment Reporting,” establishes standards for companies to report in their financial statement information about
operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise
that engage in business activities from which it may recognize revenues and incur expenses, and for which separate financial information
is available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate
resources and assess performance.

18

The
Company’s chief operating decision maker (“CODM”) has been identified as the Chief Executive Officer and the Chief
Financial Officer, who reviews the assets, operating results, and financial metrics for the Company as a whole