Company: TBMC
Filing Date: 2025-08-07
Form Type: 425
Source: 0001213900-25-072765
Chunk: 3

Company: Trailblazer Merger Corp I
Filing Date: 2025-08-07
Form: 425
Chunk 3
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 or other circumstances that could give rise to the termination of the Business Combination Agreement;
the outcome of any legal proceedings that may be instituted against Trailblazer or Cyabra following announcement of the Business Combination
Agreement and the transactions contemplated therein; the inability to complete the proposed Business Combination due to, among other things,
the failure to obtain Trailblazer stockholder approval; the risk that the announcement and consummation of the proposed Business Combination
disrupts Cyabra’s current operations and future plans; the ability to recognize the anticipated benefits of the proposed Business
Combination; unexpected costs related to the proposed Business Combination; the amount of any redemptions by existing holders of Trailblazer’s
common stock being greater than expected; limited liquidity and trading of Trailblazer’s securities; geopolitical risk and changes
in applicable laws or regulations; the size of the addressable markets for Cyabra’s products and services; the possibility that
Trailblazer and/or Cyabra may be adversely affected by other economic, business, and/or competitive factors; the ability to obtain and/or
maintain the listing of the combined company’s common stock on Nasdaq following the Business Combination; operational risk; and
the risks that the consummation of the proposed Business Combination is substantially delayed or does not occur.

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Important Information for Investors and Stockholders

In connection with the Business Combination,
Trailblazer Holdings, Inc., a subsidiary of Trailblazer (“Holdings”) has filed a registration statement on Form S-4 (the
“Registration Statement”) with the United States Securities and Exchange Commission (the “SEC”), which includes
a preliminary proxy statement/prospectus, and certain other related documents, which will be both the proxy statement to be distributed
to holders of shares of Trailblazer’s common stock in connection with its solicitation of proxies for the vote by its stockholders
with respect to the Business Combination and other matters as may be described in the Registration Statement, as well as the prospectus
of Holdings relating to the offer and sale of its securities to be issued in the Business Combination. . After the Registration Statement
is declared effective, the proxy statement/prospectus will be sent to all Trailblazer stockholders so that they may vote on the Business
Combination.

INVESTORS AND STOCKHOLDERS OF TRAILBLAZER ARE
URGED TO READ CAREFULLY THE REGISTRATION STATEMENT, PROXY STATEMENT/PROSPECTUS, AND OTHER RE