Trailblazer Merger Corporation I Announces Adjournment of Annual Meeting to Consider Proxy Supplement

Trailblazer Merger Corporation I's annual meeting was adjourned to September 29, 2024, to amend the proxy statement with a supplement that changes the terms for extending the deadline for completing the business combination. The initial deposit into the trust account will now be $0.035 multiplied by the number of public shares not redeemed in connection with the meeting, and the company will withdraw interest from the trust account before making any redemption distributions.

Trailblazer Merger Corporation I (NASDAQ: TBMC) has adjourned its annual meeting to September 29, 2024, to amend the proxy statement with a supplement that alters the terms for extending the deadline to complete the business combination. The company's decision to adjourn the meeting was approved by the requisite number of stockholders Trailblazer Merger Corporation I^[1].

The primary change involves the monthly deposit into the Trust Account. Originally, the deposit was set at $0.015 per non-redeemed public share. However, the Proxy Supplement has increased this amount to $0.035 multiplied by the number of public shares not redeemed in connection with the meeting Trailblazer Merger Corporation I^[1]. This adjustment aims to provide additional financial support for the company's business combination efforts.

Additionally, the company has stated that before making any redemption distributions from the Trust Account, it will withdraw interest to pay its estimated income and franchise taxes through September 30, 2025 Trailblazer Merger Corporation I^[1]. The current redemption price per share stands at approximately $11.68, based on the Trust Account balance of approximately $27.9 million Trailblazer Merger Corporation I^[1].

The adjournment also allows the company to make further amendments to the Proxy Statement as needed. Any requests for redemption can be withdrawn at any time, and stockholders who have previously submitted such requests can contact the company's transfer agent to reverse their requests Trailblazer Merger Corporation I^[1].

Yosef Eichorn, Chief Development Officer of Trailblazer Merger Corporation I, can be reached at (646) 747-9618 or via email at info@trailblazermergercorp.com for further information.