Company: TBMC
Filing Date: 2025-11-21
Form Type: 10-Q
Source: 0001213900-25-113605
Chunk: 134

Company: Trailblazer Merger Corp I
Filing Date: 2025-11-21
Form: 10-Q
Item: Part I, Item 8
Chunk 134
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vote at the Annual Meeting, 4,520,384 shares were tendered for redemption.

On October 9, 2024,
$49,774,936, or approximately $11.01 redemption price per share, was withdrawn from the Trust Account to pay the redeeming holders and
the 4,520,384 shares of the Company’s Class A common stock that were redeemed were cancelled.

As approved by its stockholders at the Annual Meeting of stockholders
held on September 29, 2025, the Company filed an amendment to its Charter with the Delaware Secretary of State on September 30, 2025,
to modify the terms and extend the Termination Date by which the Company has to consummate a business combination by allowing the Company,
through resolution of the board of directors without another stockholder vote, to elect to extend the Termination Date by one month each
time from September 30, 2025 to March 30, 2026, or such earlier date as determined by the Board in its sole discretion, unless the closing
of a business combination shall have occurred prior thereto. For each monthly extension approved by the Board, the monthly payment required
to be deposited into the Company’s Trust Account to extend the Termination Date by one month should be $0.035 for each outstanding
share of Public Stock after giving effect to the redemption. In addition, in connection with stockholders Annual Meeting held on September
29, 2025, the stockholders approved the amendment of the Company’s investment management trust agreement, allowing the Company to
extend the date by which the Company must consummate a Business Combination up to six times, each such extension for an additional one
month period, until March 30, 2026.

In connection with the stockholders’
vote at the Annual Meeting held on September 29, 2025, 2,046,800 shares were tendered for redemption.

On October 22, 2025, $23,950,427,
or approximately $11.70 redemption price per share, was withdrawn from the Trust Account to pay the redeeming holders and the 2,046,800
shares of the Company’s Class A common stock that were redeemed were cancelled.

Results of Operations

We have neither engaged in
any operations nor generated any revenues to date. Our only activities for the period November 12, 2021 (inception) through September
30, 2025 were organizational activities, those necessary