Trailblazer Merger Corp I Files 8-K for Material Agreement
Ticker: TBMCR · Form: 8-K · Filed: Dec 3, 2024 · CIK: 1934945
| Field | Detail |
|---|---|
| Company | Trailblazer Merger Corp I (TBMCR) |
| Form Type | 8-K |
| Filed Date | Dec 3, 2024 |
| Risk Level | medium |
| Pages | 7 |
| Reading Time | 9 min |
| Key Dollar Amounts | $500,000, $2,780,000, $83,286.56 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation, spac
TL;DR
Trailblazer Merger Corp I signed a big deal on 11/29. Details TBD.
AI Summary
Trailblazer Merger Corp I entered into a material definitive agreement on November 29, 2024. The company also created a direct financial obligation or an obligation under an off-balance sheet arrangement. Specific details regarding the agreement and financial obligations are not provided in this filing.
Why It Matters
This filing indicates a significant development for Trailblazer Merger Corp I, potentially involving a new business combination or financial commitment that could impact its future operations and shareholder value.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement and financial obligations, which inherently carry risks, but the lack of specific details prevents a higher risk assessment.
Key Players & Entities
- Trailblazer Merger Corp I (company) — Registrant
- November 29, 2024 (date) — Earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Trailblazer Merger Corp I?
The filing does not specify the nature of the material definitive agreement, only that one was entered into on November 29, 2024.
What type of financial obligation did Trailblazer Merger Corp I create?
The filing states that Trailblazer Merger Corp I created a direct financial obligation or an obligation under an off-balance sheet arrangement, but does not provide specific details.
What is the earliest event date reported in this 8-K filing?
The earliest event date reported is November 29, 2024.
Where is Trailblazer Merger Corp I headquartered?
Trailblazer Merger Corp I is headquartered at 510 Madison Avenue, Suite 1401, New York, NY 10022.
What is the SIC code for Trailblazer Merger Corp I?
The Standard Industrial Classification (SIC) code for Trailblazer Merger Corp I is 6770 (BLANK CHECKS).
Filing Stats: 2,144 words · 9 min read · ~7 pages · Grade level 18 · Accepted 2024-12-03 16:45:37
Key Financial Figures
- $500,000 — was further increased by an additional $500,000 to $2,780,000. The foregoing descripti
- $2,780,000 — increased by an additional $500,000 to $2,780,000. The foregoing description of the Amen
- $83,286.56 — een approved by the Board by depositing $83,286.56 into the Trust Account, thereby extendi
Filing Documents
- ea0223472-8k425_trail1.htm (8-K) — 45KB
- ea022347201ex2-1_trail1.htm (EX-2.1) — 14KB
- 0001213900-24-105087.txt ( ) — 281KB
- tbmc-20241129.xsd (EX-101.SCH) — 3KB
- tbmc-20241129_def.xml (EX-101.DEF) — 26KB
- tbmc-20241129_lab.xml (EX-101.LAB) — 36KB
- tbmc-20241129_pre.xml (EX-101.PRE) — 25KB
- ea0223472-8k425_trail1_htm.xml (XML) — 5KB
01. Entry into
Item 1.01. Entry into a Material Definitive Agreement. The information included in
03 of this Current Report on Form 8-K is incorporated by reference in this Item 1.01
Item 2.03 of this Current Report on Form 8-K is incorporated by reference in this Item 1.01.
03. Creation of a Direct Financial Obligation
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. On November 29, 2024, Trailblazer Merger Corporation I (the "Company") entered into an amendment (the "Amendment") of its unsecured promissory note (the "Note") with Trailblazer Sponsor Group, LLC, pursuant to which the maximum amount available to borrow under the Note was further increased by an additional $500,000 to $2,780,000. The foregoing description of the Amendment is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed with this Current Report on Form 8-K as Exhibit 2.1 and is incorporated herein by reference.
01 Other Events
Item 8.01 Other Events Extension of Business Combination Period to December 31, 2024 As previously disclosed, on September 26, 2024, the Company held an annual meeting of stockholders to consider, among other things, proposals to amend the Company's amended and restated certificate of incorporation in order to extend the time the Company has to complete its initial business combination from September 30, 2024 to September 30, 2025, or such earlier date as determined by the Company's board of directors (the "Board"), in its sole discretion, and to allow the Company, without another stockholder vote, to elect to extend the termination date by one additional month each, for a total of twelve additional months, until September 30, 2025, unless the closing of the Company's initial business combination shall have occurred prior thereto. The Company has funded the extension that had previously been approved by the Board by depositing $83,286.56 into the Trust Account, thereby extending the time available to the Company to consummate its initial business combination from November 30, 2024 to December 31, 2024 (the "December 2024 Extension"). **** Important Information About the Business Combination and Where to Find It On July 22, 2024, Trailblazer Merger Corporation I ("Parent"), a Delaware corporation, entered into a merger agreement, by and among Parent, Trailblazer Merger Sub, Ltd., an Israeli company and a direct, wholly owned subsidiary of Parent ("Merger Sub"), Trailblazer Holdings, Inc., a Delaware corporation and a direct, wholly owned subsidiary of Parent ("Holdings"), and Cyabra Strategy Ltd., a private company organized in Israel (the "Company") (as it may be amended and/or restated from time to time, the "Merger Agreement"). The Merger Agreement provides that, among other things and upon the terms and subject to the conditions thereof, (a) Parent shall merge with and into Holdings and Holdings shall be the survivor of such merger (the "Parent Merger" a
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. Exhibit No. Description 2.1 Amendment to Promissory Note dated as of November 29, 2024 3
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: December 3, 2024 TRAILBLAZER MERGER CORPORATION I By: /s/ Arie Rabinowitz Name: Arie Rabinowitz Title: Chief Executive Officer 4