TBMC SEC filings, in plain English
Everything Trailblazer Merger Corp I has filed with the SEC that we hold — 40 filings, newest first, 2 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
The feed
live EDGAR captureNew filings appear here within minutes of hitting EDGAR; summaries follow once the pipeline has read them.
What changed: Trailblazer Merger Corporation I called a special meeting for March 27, 2026 at 10:00 a.m. Eastern Time to approve an Extension Amendment and a Trust Amendment to the March 28, 2023 trust agreement with Continental, allowing up to three additional one-month extensions until June 30, 2026. Why it matters: The $0.035 monthly deposit accretes the trust and therefore the redemption price, but it arrives as a sponsor loan rather than a contribution - the promissory note is a claim that sits ahead of the sponsor's own equity and is typically repaid or converted at closing, so the economics favour the sponsor. A deal signed in July 2024 still unclosed by March 2026 is the warning sign; redemption at the trust value remains the reliable exit.
What changed vs 2025-09-04trust $27.8M → $4.0M -85%deadline 2026-03-30 → 2026-06-30trust account, combination deadline, sponsor loans outstanding2 moved · 1 with no prior record of ours
- Trust account
- $27.8M$4.0M
- Combination deadline
- 2026-03-302026-06-30
- Sponsor loans outstanding
- $2.0M · unchanged
SpacBrain reads this as $23,721,080 left the trust between the two filings.
The clause …“business days prior to the Special Meeting), based on the aggregate amount on deposit in the Trust Account of approximately $4,032,413.77 as of March 11, 2026 (including interest not previously released to the Company to pay its”…
SpacBrain reads this as 92 days later than the previous record.
The clause …“Combination. However, management believes that it can close the Initial Business Combination before June 30, 2026 or earlier. Under the circumstances, the Sponsor will pay the extension amount for each proposed one -month”…
The clause …“Stock, the $3,945,000 purchase price for 394,500 Private Placement Units, the $1,980,000 outstanding under loans made by the Sponsor and its affiliates to the Company. Assuming a trading price of $10.75 per share of Common Stock and”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2025-03-25deadline 2025-09-30 → 2026-03-30shares 2.38M → 333K -86%
combination deadline, redeemable shares, trust account +22 moved · 3 with no prior record of ours
- Combination deadline
- 2025-09-302026-03-30
- Redeemable shares
- 2.38M333K
- Trust account
- $26.8M · unchanged
- Going-concern doubt
- stated · unchanged
- Mandate language
- we intend to focus our search for a target business on compa… · unchanged
SpacBrain reads this as 181 days later than the previous record.
The clause …“Company will be able to consummate a Business Combination by this time. If a Business Combination is not consummated by March 30, 2026, there will be a mandatory liquidation and subsequent dissolution. Management has determined that”…
SpacBrain reads this as 2,046,800 shares are no longer redeemable.
The clause …“100,000,000 shares authorized: 2,119,499 issued and outstanding (excluding 332,816 and 2,379,616 shares subject to possible redemption) as of December 31, 2025 and December 31, 2024, respectively 212 212 Class B common stock, $”…
The clause …“for the Company franchise and income taxes. As of December 31, 2024, assets held in the Trust Account were comprised of $ 26,832,298 in money market funds. During the period ended December 31, 2024, the Company has withdrawn $”…
The clause …“not occur, and potential subsequent dissolution and the liquidity issue raise substantial doubt about the Company’s ability to continue as a going concern for one year from the date the financial statements are issued. No adjustments”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Trailblazer Merger Corporation I filed its definitive merger proxy statement/prospectus dated January 20, 2026 for the business combination under the July 22, 2024 merger agreement with Trailblazer Merger Sub, Ltd. and Trailblazer Holdings, Inc., after which Holdings will be renamed Cyabra, Inc. Each Trailblazer Class A share converts automatically into one share of Holdings common stock. Cyabra shareholders and option holders may receive up to an additional 3,000,000 earnout shares. Why it matters: The PIPE is structured to shrink as trust cash survives redemption, which caps the combined company's funding at a fixed level regardless of how many holders stay - so remaining shareholders get no benefit from others redeeming. Alpha, an affiliate of the Sponsor, already lent Cyabra $3.4 million in convertible notes, so the sponsor sits on both sides of the transaction. Up to 3,000,000 earnout shares add further dilution after closing.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- not previously extracted2026-03-30
SpacBrain reads this as the agreement may be terminated from 2026-03-30.
The clause …“by either Trailblazer or Cyabra if the Closing has not occurred on or before March 30, 2026 (the “Outside Date”). For a description of the conditions to the completion of the Business Combination, see the section titled “ The Merger”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2025-08-13trust $27.5M → $27.9M +2%deadline 2025-09-30 → 2026-03-30shares 2.38M → 333K -86%
trust account, combination deadline, redeemable shares +13 moved · 1 with no prior record of ours
- Trust account
- $27.5M$27.9M
- Combination deadline
- 2025-09-302026-03-30
- Redeemable shares
- 2.38M333K
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $453,751 was added to the trust between the two filings.
The clause …“would use in pricing the asset or liability. At September 30, 2025, assets held in the Trust Account were comprised of $ 27,926,387 in money market funds, of which, $ 23,950,427 was restricted to pay the redeeming stockholders.”…
SpacBrain reads this as 181 days later than the previous record.
The clause …“to six times, each such extension for an additional one month period, until March 30, 2026. 31 Critical Accounting Estimates Certain of our accounting policies require that management apply significant judgments in defining the”…
SpacBrain reads this as 2,046,800 shares are no longer redeemable.
The clause …“100,000,000 shares authorized: 2,119,499 issued and outstanding (excluding 332,816 and 2,379,616 shares subject to possible redemption) as of September 30, 2025 and December 31, 2024, respectively 212 212 Class B common stock, $”…
The clause …“not occur, and potential subsequent dissolution and the liquidity issue raise substantial doubt about the Company’s ability to continue as a going concern for one year from the date the consolidated financial statements are issued. No”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- not previously extracted2026-02-01
SpacBrain reads this as the agreement may be terminated from 2026-02-01.
The clause “Calculation Period from December 31, 2025 to December 31, 2026; and ● amend the Outside Date to February 1, 2026. The foregoing description of the Amendment is qualified in its entirety by reference to the full text of the Amendment, a”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
outside datenothing moved · 1 with no prior record of ours
- Outside date
- 2026-02-01 · unchanged
The clause “Calculation Period from December 31, 2025 to December 31, 2026; and ● amend the Outside Date to February 1, 2026. The foregoing description of the Amendment is qualified in its entirety by reference to the full text of the Amendment, a”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.