Trailblazer Merger Corp I Files Q3 2024 10-Q

TL;DR

Trailblazer Merger Corp I filed its 10-Q for Q3 2024. Check financials.

AI Summary

Trailblazer Merger Corp I filed its quarterly report on Form 10-Q for the period ending September 30, 2024. The company, incorporated in Delaware, is based in New York, NY, with its principal executive offices at 510 Madison Avenue, Suite 1401. The filing details its financial status and operations for the quarter.

Why It Matters

This filing provides investors with an update on Trailblazer Merger Corp I's financial performance and operational status for the third quarter of 2024.

Risk Assessment

Risk Level: low — This is a standard quarterly filing (10-Q) and does not contain immediate, high-impact news.

Key Players & Entities

• Trailblazer Merger Corp I (company) — Registrant
• September 30, 2024 (date) — Quarter end date
• 510 Madison Avenue, Suite 1401 (location) — Principal executive offices
• New York, NY 10022 (location) — Business address
• Delaware (location) — State of incorporation

FAQ

Key Financial Figures

• $0.0001 — 499,115 shares of Class A common stock, $0.0001 par value and 1 Class B common stock, $

Filing Documents

• ea0219048-10q_trailblazer1.htm (10-Q) — 572KB
• ea021904801ex31-1_trailblaz1.htm (EX-31.1) — 12KB
• ea021904801ex31-2_trailblaz1.htm (EX-31.2) — 11KB
• ea021904801ex32-1_trailblaz1.htm (EX-32.1) — 5KB
• ea021904801ex32-2_trailblaz1.htm (EX-32.2) — 4KB
• 0001213900-24-100171.txt ( ) — 3734KB
• tbmcu-20240930.xsd (EX-101.SCH) — 39KB
• tbmcu-20240930_cal.xml (EX-101.CAL) — 25KB
• tbmcu-20240930_def.xml (EX-101.DEF) — 197KB
• tbmcu-20240930_lab.xml (EX-101.LAB) — 311KB
• tbmcu-20240930_pre.xml (EX-101.PRE) — 196KB
• ea0219048-10q_trailblazer1_htm.xml (XML) — 355KB

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 20 Item 3.

Quantitative and Qualitative Disclosures Regarding Market Risk

Quantitative and Qualitative Disclosures Regarding Market Risk 27 Item 4.

Controls and Procedures

Controls and Procedures 27 Part II. Other Information 28 Item 1.

Legal Proceedings

Legal Proceedings 28 Item 1A.

Risk Factors

Risk Factors 28 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 28 Item 3. Defaults Upon Senior Securities 28 Item 4. Mine Safety Disclosures 28 Item 5. Other Information 28 Item 6. Exhibits 29 Part III.

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Interim Financial Statements

Item 1. Interim Financial Statements TRAILBLAZER MERGER CORPORATION I CONDENSED CONSOLIDATED BALANCE SHEETS September 30, 2024 December 31, 2023 (Unaudited) Assets Current assets Cash $ 108,520 $ 607,816 Cash – restricted 353,388 — Prepaid expenses 77,806 141,937 Restricted funds – held in Trust Account 49,774,936 — Total current assets 50,314,650 749,753 Prepaid insurance — 25,681 Marketable securities held in Trust Account 26,845,950 72,994,863 Total Assets $ 77,160,600 $ 73,770,297 Liabilities and Stockholders' Deficit Current liabilities Accounts payable and accrued expenses $ 803,378 $ 238,834 Accrued offering costs — 75,000 Income taxes payable 1,102,538 306,834 Excise tax payable 497,749 — Class A common stock pending redemptions ( 4,520,384 shares) 49,774,936 — Promissory note related party 1,901,585 321,585 Total current liabilities 54,080,186 942,253 Deferred tax liability — 210,152 Deferred underwriting fee payable 2,070,000 2,070,000 Total Liabilities 56,150,186 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 $ 10.93 per share as of September 30, 2024 and $ 10.47 at December 31, 2023, respectively 26,008,867 72,224,950 Stockholders' Deficit Preferred Stock, $ 0.0001 par value; 1,000,000 shares authorized; none issued and outstanding — — Class A common stock, $ 0.0001 par value; 100,000,000 shares authorized: 2,119,499 issued and outstanding (excluding 2,379,616 and 6,900,000 shares subject to possible redemption) at September 30, 2024 and December 31, 2023, respectively 212 212 Class B common stock, $ 0.0001 par value; 5,000,000 shares authorized; 1 share issued and outstanding at September 30, 2024 and December 31, 2023 — — Additional paid-in capital — — Accumulated deficit ( 4,998,665 ) ( 1,677,270 ) Total Stockholders' Deficit ( 4,998

View Full Filing

View this 10-Q filing on SEC EDGAR