Company: TBMC
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002139
Chunk: 535

Company: Trailblazer Merger Corp I
Filing Date: 2025-03-25
Form: 10-K
Item: Item 3
Chunk 535
---
i) the independent registered public accounting
firm’s internal quality-control procedures, (ii) any material issues raised by the most recent internal quality-control review,
or peer review, of the audit firm, or by any inquiry or investigation by governmental or professional authorities within the preceding
five years respecting one or more independent audits carried out by the firm and any steps taken to deal with such issues and (iii) all
relationships between the independent registered public accounting firm and us to assess the independent registered public accounting
firm’s independence;

●reviewing and approving any
related party transaction required to be disclosed pursuant to Item 404 of Regulation S-K promulgated by the SEC prior to us entering
into such transaction; and

●reviewing with management, the
independent registered public accounting firm, and our legal advisors, as appropriate, any legal, regulatory or compliance matters, including
any correspondence with regulators or government agencies and any employee complaints or published reports that raise material issues
regarding our financial statements or accounting policies and any significant changes in accounting standards or rules promulgated by
the Financial Accounting Standards Board, the SEC or other regulatory authorities.

Financial Experts on Audit Committee

Pursuant to Nasdaq rules, the
audit committee will at all times be composed exclusively of “independent directors” who are able to read and understand fundamental
financial statements, including a company’s balance sheet, income statement and cash flow statement.

Each member of the audit committee
is financially literate and our board of directors has determined that Patrick Donovan, qualifies as an “audit committee financial
expert,” as defined under rules and regulations of the SEC, which generally is any person who has past employment experience in
finance or accounting, requisite professional certification in accounting, or other comparable experience or background that results in
the individual’s financial sophistication.

23

Director nominations

We do not have a standing nominating
committee, though we intend to form a corporate governance and nominating committee as and when required to do so by law or NASDAQ rules.
In accordance with Rule 5605(e)(2) of the NASDAQ rules, a majority of the independent directors may recommend a director nominee for selection
by the board of directors. The board of directors believes that the independent directors can satisfactorily carry out the responsibility
of properly selecting or approving director nominees without the formation of a standing nominating committee. Barak Avitbul, Olga Castells,
and Patrick Donovan will participate in the consideration and recommendation of director nominees. In accordance with Rule