Trailblazer Merger I Corp. Amends Promissory Note With Sponsor Group to Allow Conversion Into Preferred Stock

Reuters
Dec 10, 2025
<a href="https://laohu8.com/S/TBMC">Trailblazer Merger</a> I Corp. Amends Promissory Note With Sponsor Group to Allow Conversion Into Preferred Stock

Trailblazer Merger I Corp. has amended its Second Amended and Restated Promissory Note with Trailblazer Sponsor Group, LLC. Under the new terms, the principal balance of the note will be payable on the later of September 15, 2025, or the closing of Trailblazer's initial business combination. If the company completes an initial business combination, the outstanding principal will convert into new classes of preferred stock with a total stated value equal to 300% of the outstanding principal amount. This amendment was formalized on December 4, 2025.

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