Company: TBMC
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001213900-25-043357
Chunk: 94

Company: Trailblazer Merger Corp I
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 94
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 liabilities, the Company
seeks to maximize the use of observable inputs (market data obtained from independent sources) and to minimize the use of unobservable
inputs (internal assumptions about how market participants would price assets and liabilities). The following fair value hierarchy is
used to classify assets and liabilities based on the observable inputs and unobservable inputs used in order to value the assets and
liabilities:

    Level
    1:
    Quoted
    prices in active markets for identical assets or liabilities. An active market for an asset or liability is a market in which transactions
    for the asset or liability occur with sufficient frequency and volume to provide pricing information on an ongoing basis.

    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31, 2024, the Company has withdrawn $1,397,196 interest income from the Trust Account to pay for the Company franchise and income taxes.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