Welcome to our dedicated page for Trailblazer Merger I-A SEC filings (Ticker: TBMC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The SEC filings page for Trailblazer Merger Corporation I (NASDAQ: TBMC) provides direct access to the company’s regulatory disclosures as a special purpose acquisition company. As a blank check company in the Financial Services sector, Trailblazer Merger Corporation I uses its SEC reports to describe its SPAC structure, trust account arrangements, proposed business combination, and key governance actions.
Among the most significant documents for TBMC are its Forms 8-K, which report material events such as the entry into a merger agreement with Cyabra Strategy Ltd., amendments to its amended and restated certificate of incorporation, and amendments to its investment management trust agreement. These filings explain the structure of the proposed business combination, the planned renaming of the public company to Cyabra, Inc., and the multi-step merger involving Trailblazer Merger Sub, Ltd. and Trailblazer Holdings, Inc. They also detail stockholder votes on extension and trust amendment proposals, the number of shares tendered for redemption, and the mechanics of extending the business combination deadline through monthly deposits into the trust account.
Trailblazer’s SEC filings also include a Form 12b-25 (Notification of Late Filing), in which the company explains why it was unable, without unreasonable effort or expense, to file a Quarterly Report on Form 10-Q by the prescribed due date and indicates its intention to file within the extension period allowed under SEC rules. Additional 8-K filings describe advisory and underwriting agreements, including deferred underwriting commissions payable in shares of the public company and advisory fee arrangements with LifeSci Capital LLC and Ladenburg related to the Cyabra transaction.
Through Stock Titan, users can review these TBMC filings as they are made available from the SEC’s EDGAR system and use AI-powered summaries to understand the key terms and implications. AI analysis can help highlight how extension provisions work, how redemption rights are structured, what the merger agreement with Cyabra entails, and how advisory and underwriting fees are arranged, allowing investors to navigate complex SPAC documentation more efficiently.
Trailblazer Merger Corp I is being removed from listing and registration on the Nasdaq Stock Market LLC. Nasdaq certifies it has complied with Exchange rules under 17 CFR 240.12d2-2 and the issuer has complied with rules governing voluntary withdrawal.
This Form 25 notifies the Securities and Exchange Commission that the class described as Class A Common Stock & Rights will be struck from the Nasdaq listing pursuant to the cited rules. The filing is signed by a Nasdaq representative, Jennifer Fainer, CDO Analyst.
Trailblazer Merger Corporation I is asking stockholders to approve amendments to its charter and trust agreement to let the board extend the SPAC’s merger deadline in up to three one‑month steps to June 30, 2026, plus an adjournment authority if votes are lacking. If the charter extension takes effect, the sponsor will deposit $0.035 per non‑redeemed public share into the trust for the initial extension to April 30, 2026 and for each additional month. Public stockholders may redeem for cash; as of March 11, 2026, the trust held about $4.03 million, implying a redemption price of roughly $12.11 per public share versus a market price of $10.75. If the extension is not approved and no business combination closes by March 30, 2026, the SPAC will redeem all public shares and liquidate. A pending merger with Cyabra Strategy Ltd. is described but is not up for a vote in this meeting.
Trailblazer Merger Corporation I, a SPAC focused on technology, reports a net loss of $8,290,147 for the year ended December 31, 2025, mainly from a $6,222,973 loss on extinguishing a sponsor promissory note and related fair value changes, plus $2,564,563 of general and administrative costs, partly offset by $943,846 of trust interest income.
The company has signed a Business Combination with Cyabra Strategy Ltd., using a two-step merger that will create “Cyabra, Inc.” with Cyabra as a wholly owned subsidiary. The base purchase price was increased to $106,000,000, with up to 3,000,000 earnout shares and 400,000 shares reserved for key employees.
Trailblazer has arranged $8,000,000 of PIPE financing in Holdings Series B preferred stock and has experienced significant redemptions, withdrawing $49,774,936 and $23,950,427 from the trust account in 2024 and 2025. As of March 6, 2026, 2,452,315 Class A shares and 1 Class B share are outstanding, and the post-combination company is expected to trade on Nasdaq as Cyabra, Inc.
Trailblazer Merger Corporation I reported that Nasdaq has notified it of two listing deficiencies for its Class A common stock on the Nasdaq Global Market. For 30 consecutive business days, the company’s market value of publicly held shares was below the $15,000,000 minimum required under Nasdaq Listing Rule 5450(b)(2)(C).
Under Nasdaq’s rules, Trailblazer has until August 31, 2026 to have its market value of publicly held shares close at or above $15,000,000 for at least ten consecutive business days to regain compliance. Separately, Nasdaq also notified the company that its publicly held shares fell below the 1,100,000 share minimum required under Nasdaq Listing Rule 5450(b)(2)(B), triggering a requirement to submit a compliance plan within 45 days, with a potential extension of up to 180 days.
Both notices currently have no immediate effect on the listing or trading of the company’s stock, and Nasdaq indicates Trailblazer may be eligible to transfer to the Nasdaq Capital Market if it meets those standards. The company expects these deficiencies could be resolved if its planned business combination with Cyabra Strategy Ltd. closes, but it also notes there is no assurance it will regain or maintain compliance with Nasdaq listing standards.
Trailblazer Merger Corporation I is holding a special meeting on March [•], 2026 to ask stockholders to approve amendments to (1) extend the company’s charter Termination Date and (2) amend the Trust Agreement so the Company may continue pursuing its previously signed Business Combination with Cyabra, subject to stockholder approval.
The Board recommends voting FOR the Extension Amendment, the Trust Amendment and an Adjournment Proposal. If approved, the Sponsor will deposit periodic extension payments into the Trust Account equal to $0.035 per public share not redeemed, each deposit tied to one-month extensions. Public holders will retain redemption rights in connection with the extension and any subsequent Business Combination vote.
Trailblazer Merger Corporation I stockholders approved the proposed business combination with Cyabra Strategy Ltd. at a special meeting held on February 18, 2026. About 89.80% of outstanding common shares were represented, providing a strong quorum.
The core merger proposal passed with 2,195,659 votes in favor, compared with 6,046 against. Stockholders also approved the new Cyabra, Inc. charter, a package of nine governance provisions, Nasdaq-related share issuance proposals, and a 2026 omnibus equity incentive plan. An adjournment proposal received sufficient support but was not needed because all other items passed.
Trailblazer Merger Corporation I entered into an amendment to its Second Amended and Restated Promissory Note that increased the principal by $500,000, bringing the Note to $5,330,000 as of February 11, 2026.
The filing also reiterates the pending business combination with Cyabra Strategy Ltd., references the Form S-4 registration statement and proxy/prospectus process, and notes customary forward-looking statement disclaimers and solicitation participation disclosures.
Trailblazer Merger Corporation I entered into an amendment to its Second Amended and Restated Promissory Note with Alpha Capital Anstalt, increasing the note amount by $500,000 to $5,330,000 as of February 11, 2026. This amendment creates a direct financial obligation for the company.
The filing also reiterates details of the planned business combination with Cyabra Strategy Ltd., under which the surviving public company will be renamed Cyabra, Inc., and reminds shareholders that a Form S-4 registration statement and related proxy statement/prospectus have been filed for their review before voting on the merger.
Trailblazer Merger Corp I received an amended Schedule 13G/A from AQR investment entities indicating they no longer beneficially own its Class A common stock. The filing reports that AQR Capital Management, LLC, AQR Capital Management Holdings, LLC, and AQR Arbitrage, LLC each hold 0 shares, representing 0% of the class.
The report confirms these securities were acquired and held in the ordinary course of business and not for the purpose of changing or influencing control of the company. Each AQR entity also reports no sole or shared power to vote or dispose of any Trailblazer Merger Corp I shares.
Trailblazer Merger Corp I (TBMC) received an amended Schedule 13G showing that former reporting persons now report no beneficial ownership of its Class A common stock. As of December 31, 2025, both Kerry Propper and Antonio Ruiz‑Gimenez report 0 shares and 0.0% of the class.
They each report no sole or shared voting or dispositive power over any shares and state that any securities referenced were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the company.