Company: TBMC
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0001013762-25-002139
Chunk: 164

Company: Trailblazer Merger Corp I
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1A
Chunk 164
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2

TRAILBLAZER MERGER CORPORATION I

CONSOLIDATED BALANCE SHEETS

    December 31, 

    2024  
    2023 
  
    Assets 

    Current assets 

    Cash 
    $63,829  
    $607,816 
  
    Cash – restricted 
     802,993  
     — 
  
    Prepaid expenses 
     34,834  
     141,937 
  
    Total current assets 
     901,656  
     749,753 

    Prepaid insurance 
     —  
     25,681 
  
    Marketable securities held in Trust Account 
     26,832,298  
     72,994,863 
  
    Total Assets 
    $27,733,954  
    $73,770,297 

    Liabilities and Stockholders’ Deficit 

    Current liabilities 

    Accounts payable and accrued expenses 
    $1,189,196  
    $238,834 
  
    Accrued offering costs 
     —  
     75,000 
  
    Income taxes payable 
     894,699  
     306,834 
  
    Excise tax payable 
     497,749  
     — 
  
    Promissory note related party 
     2,529,445  
     321,585 
  
    Total current liabilities 
     5,111,089  
     942,253 
  
    Deferred tax liability 
     —  
     210,152 
  
    Deferred underwriting fee payable 
     2,070,000  
     2,070,000 
  
    Total Liabilities 
     7,181,089  
     3,222,405 

    Commitments and Contingencies (Note 6) 

    Class A common stock subject to possible redemption, 2,379,616 and 6,900,000 shares at redemption value at $11.19 per share as of December 31, 2024 and $10.47 at December 31, 2023, respectively 
     26,634,152  
     72,224,950 

    Stockholders’ Deficit 

    Preferred Stock, $0.0001 par value; 1,000,000 shares authorized; none issued