The latest financial statement is for the quarter ending 2025-09-30.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Deferred benefit from income taxes | - | 0 |
| Net (loss) income | -3,693,011 | -691,082 |
| Loss on debt extinguishment of promissory note | -6,222,973 | - |
| Gain on change in fair value of promissory note | 2,856,375 | - |
| Interest earned on marketable securities held in trust account | 851,602 | 564,425 |
| Prepaid expenses | -31,176 | 28,468 |
| Prepaid insurance | 0 | 125,000 |
| Accrued expenses | 58,861 | 530,413 |
| Income taxes payable | -988,111 | 144,216 |
| Excise tax payable | 86,255 | 57,317 |
| Net cash used in operating activities | -1,425,409 | -677,029 |
| Cash withdrawn from trust account to pay franchise and income taxes | 0 | 423,806 |
| Extension deposit into trust account | 166,574 | 499,719 |
| Net cash used in investing activities | -166,574 | -75,913 |
| Proceeds from promissory note - related party | 285,000 | 1,212,286 |
| Payment of offering costs | - | 0 |
| Net cash provided by financing activities | 285,000 | 1,212,286 |
| Net change in cash and restricted cash | -1,306,983 | 459,344 |
| Cash and cash equivalents at beginning of period | 866,822 | - |
| Cash and cash equivalents at end of period | 19,183 | - |
Trailblazer Merger Corp I (TBMCR)
Trailblazer Merger Corp I (TBMCR)