{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-119751","form_type":"8-K","ticker":null,"cik":"0001934945","company_name":"Trailblazer Merger Corp I","filed_at":"2025-12-09T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.097766+00:00","generated_at":"2026-05-16T13:50:40.683811+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Trailblazer Merger Corp I amends sponsor note: principal converts to preferred at 300% if deal closes","bullets":["Principal balance now due later of Sep 15, 2025 or closing of initial business combination (previously due earlier).","Upon business combination close, outstanding principal automatically converts into preferred stock with total stated value equal to 300% of principal.","100% of principal converts into Series B preferred; remaining 200% into Series C preferred with conversion price based on $42M valuation cap.","Amendment dated Dec 4, 2025 to Second Amended and Restated Promissory Note with Trailblazer Sponsor Group (Payee)."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-119751","json":"https://secwatch.observer/filing/0001213900-25-119751.json","markdown":"https://secwatch.observer/filing/0001213900-25-119751.md","text":"https://secwatch.observer/filing/0001213900-25-119751.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1934945/000121390025119751/0001213900-25-119751-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1934945/000121390025119751/ea0269048-8k425_trail1.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T13:50:40.683811+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"acdd4a8c75f08c90f7ea24cb5c1d8f4e01bf5dc3","claim":"Trailblazer Merger Corp I incurred loan of principal balance of the Note with Trailblazer Sponsor Group, LLC maturing September 15, 2025 or the closing of Maker's initial business combination.","evidence_excerpt":"On December 4, 2025 the parties thereto entered into an amendment (the “Amendment”) to that certain Second Amended and Restated Promissory Note, dated as of July 29, 2025, as amended from time to time (the “Note”) by and among Trailblazer Merger Corporation I, a Delaware corporation (the “Maker”), and Trailblazer Sponsor Group, LLC.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1934945/000121390025119751/0001213900-25-119751-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"principal balance of the Note"},{"label":"Counterparty","value":"Trailblazer Sponsor Group, LLC"},{"label":"Maturity","value":"September 15, 2025 or the closing of Maker's initial business combination"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}