Company: TBMC
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002139
Chunk: 603

Company: Trailblazer Merger Corp I
Filing Date: 2025-03-25
Form: 10-K
Item: Item 4
Chunk 603
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ger Agreement”).

The Merger Agreement provides
that, among other things and upon the terms and subject to the conditions thereof, (a) Trailblazer shall merge with and into Holdings
and Holdings shall be the survivor of such merger (the “Parent Merger” and all references to Trailblazer subsequent to the
Parent Merger shall be intended to refer to Holdings as the survivor of the Parent Merger) and (b) Merger Sub shall merge with and
into Cyabra, with Cyabra being the surviving entity (the “Acquisition Merger” and, together with the Parent Merger and all
other transactions contemplated by the Merger Agreement, the “Business Combination”), following which Merger Sub will cease
to exist and Cyabra will become a wholly owned subsidiary of Holdings (the “Surviving Corporation”). In connection with the
Business Combination, Holdings (at such stage, referred to herein as the “Combined Company”) will be renamed “Cyabra,
Inc.”

At the effective time of the
Parent Merger, (i) each then issued and outstanding share of Trailblazer Class A Common Stock, par value $0.0001 per share (the
“Trailblazer Class A Common Stock”), shall convert automatically into one share of common stock of Holdings, $0.0001
par value per share (the “Holdings Common Stock”) and (ii) each then issued and outstanding right to acquire one tenth
of one share of Trailblazer Class A Common Stock upon the consummation of an initial business combination (a “Trailblazer Right”
or “Right”), shall convert automatically into one right to acquire one tenth of one share of Holdings Common Stock. The one
share of Trailblazer Class B Common Stock issued and outstanding will automatically be canceled at the time of the Parent Merger.

At the effective time of the
Acquisition Merger (the “Effective Time”), (i) each Cyabra ordinary share, NIS 0.01 par value per share (the “Cyabra
Ordinary Shares”) issued and outstanding immediately prior to the Effective Time, in accordance with Cyabra’s Amended and
Restated Articles of Association (the “Articles of Association”), shall be converted into the right to receive a number of
shares of Holdings Common Stock equal to the quotient obtained by dividing (a) the Aggregate Merger Consideration by Cyabra’s
outstanding shares, on a fully-diluted