Company: TBMC
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002139
Chunk: 150

Company: Trailblazer Merger Corp I
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1A
Chunk 150
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, AQR Capital Management Holdings, LLC and AQR Arbitrage, LLC share beneficial ownership of 438,763 shares of Class A common
stock. The business address for the reporting persons is One Greenwich Plaza, Greenwich, CT 06830.
  
    (3)
    According to a Schedule 13G filed on February 11, 2025, TD Securities
(USA) LLC has sole beneficial ownership of 240,000 shares of Class A common stock. The business address for the reporting persons is One
Vanderbilt Avenue, New York, NY 10017.
  
    (4)
    According to a Schedule 13G filed on February
14, 2025, Kerry Proper and Antonio Ruiz-Gimenez share beneficial ownership of 400,000 shares of Class A common stock. The business address
for the reporting persons is 1 Pennsylvania Plaza, 48th Floor, New York, NY 10119

    (5)
    According to a Schedule 13G filed on February 14, 2025, Karpus Management, Inc. has sole beneficial ownership of 246,490 shares of Class A common stock. The business address for the reporting persons is 183 Sully’s Trail, Pittsford, NY 14534

26

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED
TRANSACTIONS, AND DIRECTOR INDEPENDENCE

Founder Shares

On May 17, 2022, the Sponsor
purchased 1,940,625 founder shares for an aggregate purchase price of $25,000, or approximately $0.01per share (up to 253,125 shares of
which were subject to forfeiture depending on the extent to which the underwriters’ over-allotment option is exercised). Subsequently,
on September 23, 2022, the Company and the Sponsor entered into an exchange agreement pursuant to which the Sponsor exchanged 1,940,624
shares of Class B common stock for 1,940,624 shares of Class A common stock (the “Share Exchange”). Following the Share Exchange,
the founder shares consisted of 1,940,624 shares of Class A common stock and 1 share of Class B common stock. Subsequently, on January
20, 2023, the Sponsor forfeited for no consideration and the Company canceled 215,625 of such founder shares, resulting in 1,724,999 founder
shares remaining outstanding of Class A common stock and 1 share of Class