| Cash Flow | 2025-06-30 |
|---|---|
| Deferred benefit from income taxes | 0 |
| Net (loss) income | -691,082 |
| Unrealized loss on marketable securities held in trust account | 0 |
| Interest earned on marketable securities held in trust account | 564,425 |
| Prepaid insurance | 125,000 |
| Prepaid expenses | 28,468 |
| Income taxes payable | 144,216 |
| Accrued expenses | 530,413 |
| Excise tax payable | 57,317 |
| Net cash used in operating activities | -677,029 |
| Extension deposit into trust account | 499,719 |
| Cash withdrawn from trust account to pay franchise and income taxes | 423,806 |
| Net cash used in investing activities | -75,913 |
| Proceeds from promissory note - related party | 1,212,286 |
| Payment of offering costs | 0 |
| Net cash provided by financing activities | 1,212,286 |
| Net change in cash and restricted cash | 459,344 |
Trailblazer Merger Corp I (TBMCR)
Trailblazer Merger Corp I (TBMCR)