---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-115987"
form_type: "8-K"
ticker: null
cik: "0001934945"
company_name: "Trailblazer Merger Corp I"
filed_at: "2025-11-28T23:59:59+00:00"
generated_at: "2026-05-16T16:16:11.435526+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Trailblazer Merger Corp I receives Nasdaq deficiency notice for MVLS below $50M

## Summary
- Nasdaq notified TBMC on Nov 25, 2025; MVLS below $50M for 30 consecutive days.
- Company has until May 24, 2026 to regain compliance; if not, securities may be delisted.
- Promissory note from sponsor increased by $250k to $4.58M on Nov 24, 2025.
- Business combination deadline extended to Dec 31, 2025 via $11,648.56 trust deposit.
- Merger with Cyabra Strategy Ltd. remains pending; shareholder vote required.

## SEC filing metadata
- accession: 0001213900-25-115987
- form_type: 8-K
- cik: 0001934945
- company_name: Trailblazer Merger Corp I
- filed_at: 2025-11-28T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1934945/000121390025115987/0001213900-25-115987-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1934945/000121390025115987/ea0267700-8k425_trail1.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-115987
- JSON: https://secwatch.observer/filing/0001213900-25-115987.json
- Plain text: https://secwatch.observer/filing/0001213900-25-115987.txt

## Source-grounded claims
- claim_id: 07d4f28e02c94a6619f18173eebfddf574dfc4c2
  claim: Trailblazer Merger Corp I amended loan of $4,580,000 with Trailblazer Sponsor Group, LLC.
  evidence_excerpt: o the Second Amended and Restated Promissory Note (the “Note”) with Trailblazer Sponsor Group, LLC, pursuant to which the amount of the Note was increased by $250,000 to $4,580,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1934945/000121390025115987/0001213900-25-115987-index.htm
- claim_id: daf9fa47e998fc9f1cd230e973c5b4a095997044
  claim: Trailblazer Merger Corp I received a nasdaq deficiency notice notice regarding market value (rules 5450(b)(2)(A), 5810(c)(3)(C)).
  evidence_excerpt: November 25, 2025,Trailblazer Merger Corporation I (the “ Company ”) received a letter from Nasdaq (the “ Notice ”) which notified the Company that, for 30 consecutive business days, the Company’s market value of listed securities (“ MVLS ”) closed below the $50,000,000 MVLS threshold required for continued listing on the Nasdaq Global Market under Nasdaq Listing Rule 5450(b)(2)(A) (the “ MVLS Rule ”). In accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company has 180 calendar days, or until May 24, 2026 (the “ MVLS Compliance Period ”), to regain compliance with the MVLS Rule. The Noti
  evidence_url: https://www.sec.gov/Archives/edgar/data/1934945/000121390025115987/0001213900-25-115987-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.