Trailblazer Merger I Corp.

27/06/2024 | Press release | Distributed by Public on 28/06/2024 03:06

New Financial Obligation Form 8 K

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet. Arrangement of a Registrant.

On June 27, 2024, the sponsor (the "Sponsor") of Trailblazer Merger Corporation I (the "Company") deposited $ 690,000 (the "Extension Payment") into the Company's trust account in order to extend the date by which the Company has to consummate a business combination from June 30, 2024 to September 30, 2024.

The Extension Payment was loaned as a draw down pursuant to an unsecured promissory note the Company issued to the Sponsor on May 17, 2022, pursuant to the Company was able borrow up to an aggregate principal amount of $300,000 (the "Note"). On January 20, 2023, the maximum amount available under the Note was amended and increased to $400,000. On March 27, 2024, the maximum amount available under the Note was, again, amended and increased to $1,090,000. As of March 31, 2023, both the Company and the Sponsor mutually agreed to extend the maturity date of the original Note. On June 25, 2024, the maximum amount available under the Note was further amended and increased to $1,780,000. The Note is non-interest bearing and payable on the earlier of (i) the close of the Company's initial business combination or (ii) September 30, 2024.

Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve risks, uncertainties, and assumptions that are difficult to predict. All statements other than statements of historical fact contained in this Current Report on Form 8-K, including statements regarding future events, our future financial performance, business strategy, and plans and objectives of management for future operations, are forward-looking statements. The Company has attempted to identify forward-looking statements by terminology including "anticipates," "believes," "can," "continue," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," or "should," or the negative of these terms or other comparable terminology. The forward-looking statements made herein are based on the Company's current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Actual results could differ materially from those described or implied by such forward-looking statements as a result of various important factors, including, without limitation, its limited operating history, competitive factors in the Company's industry and market, and other general economic conditions. The forward-looking statements made herein are based on the Company's current expectations, assumptions, and projections, which could be incorrect. The forward-looking statements made herein speak only as of the date of this Current Report on Form 8-K and the Company undertakes no obligation to update publicly such forward-looking statements to reflect subsequent events or circumstances, except as otherwise required by law. The Company cautions you that these forward-looking statements are subject to all of the risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of the Company. Additional information concerning these and other factors that may impact the operations and projections discussed herein can be found in the Company's periodic filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and its subsequent Quarterly Report on Form 10-Q. The Company's SEC filings are available publicly on the SEC's website at http://www.sec.gov.