Company: TBMC
Filing Date: 2025-11-21
Form Type: 10-Q
Source: 0001213900-25-113605
Chunk: 13

Company: Trailblazer Merger Corp I
Filing Date: 2025-11-21
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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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 10, 2025, the Sponsor deposited $11,649
into the Company’s Trust Account to extend the Termination Date from September 30, 2025 to October 31, 2025 (see Note 10).

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$11.70 redemption price per share, was withdrawn from the Trust Account to pay the redeeming holders and the 2,046,800 shares of the Company’s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 (see Note 10).

On November 4, 2025, the Sponsor deposited $11,649
into the Company’s Trust Account to extend the Termination Date from October 31, 2025 to November 30, 2025 (see Note 10).

If the Company is unable to complete a Business
Combination within Termination Date (March 30, 2026, if extended by the full amount of time), the Company will (i) cease all operations
except for the purpose of winding up, (ii) as promptly as reasonably possible but not more than ten business days thereafter,
redeem the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then