secwatch.observer — SEC 8-K summary
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Issuer:     Trailblazer Merger Corp I (—)
CIK:        0001934945
Form:       8-K
Filed at:   2025-12-09T23:59:59+00:00
Accession:  0001213900-25-119751
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Trailblazer Merger Corp I amends sponsor note: principal converts to preferred at 300% if deal closes
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1934945/000121390025119751/0001213900-25-119751-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1934945/000121390025119751/ea0269048-8k425_trail1.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-119751

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