The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 |
|---|---|
| Net (loss) income | -8,290,147 |
| Loss on debt extinguishment of promissory note | -6,222,973 |
| Loss on change in fair value of promissory note and forward settlement contract | 217,470 |
| Interest earned on marketable securities held in trust account | 943,846 |
| Prepaid expenses | -28,684 |
| Prepaid insurance | 125,000 |
| Accounts payable and accrued expenses | 973,256 |
| Income taxes payable | -808,731 |
| Excise tax payable | 175,340 |
| Net cash used in operating activities | -2,550,001 |
| Extension deposit into trust account | 701,238 |
| Cash withdrawn from trust account to pay franchise and income taxes | 553,665 |
| Cash withdrawn from trust account to pay the redeeming stockholders | 23,950,427 |
| Net cash provided by investing activities | 23,802,854 |
| Proceeds from promissory note - related party | 2,037,286 |
| Redemption payment to redeeming stockholders | 23,950,427 |
| Net cash used in financing activities | -21,913,141 |
| Net change in cash and restricted cash | -660,288 |
| Cash and restricted cash beginning of period | 866,822 |
| Cash and restricted cash end of period | 206,534 |
| Cash and restricted cash end of period | 206,534 |
Trailblazer Merger Corp I (TBMC)
Trailblazer Merger Corp I (TBMC)