Private company

Trailblazer Merger Corp I

Trailblazer Merger Corp I is an American blank check company based in New York.1

Last updated Oct 20, 2026.

Overview

-$8.3MNet income, fiscal 20252
  • IndustryBlank Checks1
  • HeadquartersNew York, New York1
  • Incorporated inDE3
  • Business address510 Madison Avenue, Suite 1401, New York, Ny 100223
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company3

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Joseph Hammer currently serves as our Chairman of the Board. Barak Avitbul, Olga Castells, and Patrick Donovan are our independent directors.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Operating income672-$2.6M in 2025+63690% since 2022
-$3.0M-$2.0M-$1.0M02022: -$4.0K-$4.0K20222023: -$543.5K-$543.5K2023+13421%2024: -$2.3M-$2.3M2024+322%2025: -$2.6M-$2.6M2025+12%
Net income672-$8.3M in 2025+206123% since 2022
-$10.0M-$7.5M-$5.0M-$2.5M0$2.5M2022: -$4.0K-$4.0K20222023: $1.3M$1.3M20232024: $277.7K$277.7K2024−79%2025: -$8.3M-$8.3M2025
Fiscal year20212022202320242025
Operating income-$4.0K6-$543.5K7-$2.3M2-$2.6M2
Income before tax-$4.0K6$1.9M7$1.0M2-$8.1M2
Income tax$517.0K7$725.4K2$229.2K2
Net income-$4.0K6$1.3M7$277.7K2-$8.3M2
Earnings per share$0.006$0.196
Earnings per share (diluted)$0.006$0.196
Shares (weighted, diluted)406.8K shares67.2M shares6

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Corporate structure

Trailblazer Merger Corp I sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Trailblazer Merger Corp I

  • AQR CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G/A on Trailblazer Merger Corp I, latest Feb 11, 2026 (3 filings since Feb 14, 2024)
  • Kerry Propper Filed SCHEDULE 13G/A on Trailblazer Merger Corp I, latest Feb 6, 2026 (4 filings since Jun 12, 2023)
  • TD SECURITIES (USA) LLC Filed SCHEDULE 13G/A on Trailblazer Merger Corp I, latest Aug 12, 2025 (2 filings since Feb 13, 2025)
  • Karpus Management, Inc. Filed SCHEDULE 13G/A on Trailblazer Merger Corp I, latest Jun 6, 2025 (2 filings since Feb 14, 2025)
  • Trailblazer Sponsor Group, LLC Filed SCHEDULE 13G/A on Trailblazer Merger Corp I, latest Feb 14, 2025 (2 filings since Feb 13, 2024)
  • Wealthspring Capital LLC Filed SCHEDULE 13G/A on Trailblazer Merger Corp I, latest Feb 13, 2025 (2 filings since Feb 8, 2024)
  • Space Summit Capital LLC Filed SC 13G/A on Trailblazer Merger Corp I, latest Feb 5, 2024 (2 filings since Mar 30, 2023)
  • Harraden Circle Investments, LLC Filed SC 13G/A on Trailblazer Merger Corp I, latest Jan 31, 2024 (2 filings since Apr 6, 2023)
  • Trailblazer Merger Corp I New York, New York
    • Trailblazer Holdings, Inc. Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Trailblazer Merger Corp I reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$85.4K2 Dec 31, 2025$63.8K2 Dec 31, 2024+33.7%

Properties, in its own words

Our executive offices are located at 510 Madison Avenue, Suite 1401, New York, NY 10022, and our telephone number is 212-586-8224. We consider our current office space adequate for our current operations.

Item 2 of the 10-K filed Mar 10, 2026.5

Leadership

Who has led Trailblazer Merger Corp I, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Arie Rabinowitz2023

Chief financial officer

  1. Scott R. Burell2023
2025
Board members and other officers (5)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Trailblazer Holdings, Inc. Delaware4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Mar 9, 20268-K Listing notice or transfer17
  2. Feb 24, 20268-K Shareholder vote18
  3. Feb 18, 20268-K Entered a material agreement; New debt or obligation19
  4. Feb 5, 20268-K Other events20
  5. Jan 23, 20268-K Executive or director change21
  6. Jan 15, 20268-K Entered a material agreement; New debt or obligation22
  7. Jan 6, 20268-K Other events23
  8. Dec 9, 20258-K Entered a material agreement; New debt or obligation24
  9. Nov 28, 20258-K Entered a material agreement; New debt or obligation; Listing notice or transfer25
  10. Nov 12, 20258-K Entered a material agreement26
  11. Nov 5, 20258-K Other events27
  12. Nov 3, 20258-K Entered a material agreement28
  13. Mar 29, 2023New chief executive Arie Rabinowitz becomes CEO11

Filings

145 filings to the SEC since October 2021: 3 annual reports, 9 quarterly reports, 38 major events, 13 insider forms, 19 large holders, 63 other. The latest 20:

  1. Mar 16, 2026DEF 14A PROXY STATEMENT EDGAR
  2. Mar 10, 202610-K ANNUAL REPORT EDGAR
  3. Mar 9, 20268-K CURRENT REPORT EDGAR
  4. Feb 27, 2026PRE 14A PROXY STATEMENT EDGAR
  5. Feb 24, 20268-K CURRENT REPORT EDGAR
  6. Feb 18, 2026425 CURRENT REPORT EDGAR
  7. Feb 18, 20268-K CURRENT REPORT EDGAR
  8. Feb 11, 2026SCHEDULE 13G/A EDGAR
  9. Feb 10, 2026DEFA14A DEFINITIVE ADDITIONAL MATERIALS EDGAR
  10. Feb 6, 2026SCHEDULE 13G/A EDGAR
  11. Feb 5, 2026425 CURRENT REPORT EDGAR
  12. Feb 5, 20268-K CURRENT REPORT EDGAR
  13. Feb 4, 2026425 EDGAR
  14. Jan 23, 2026425 CURRENT REPORT EDGAR
  15. Jan 23, 20268-K CURRENT REPORT EDGAR
  16. Jan 21, 2026DEFM14A PROXY STATEMENT EDGAR
  17. Jan 15, 2026425 CURRENT REPORT EDGAR
  18. Jan 15, 20268-K CURRENT REPORT EDGAR
  19. Jan 15, 2026425 EDGAR
  20. Jan 6, 2026425 CURRENT REPORT EDGAR

The 145 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

4 open-market trades by officers, directors and large owners since October 2021: 2 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Oct 11, 2024AQR CAPITAL MANAGEMENT LLC10% ownerSale190,000$11.02$2.1MForm 4
Oct 10, 2024AQR Arbitrage LLC10% ownerSale50,000$11.02$551.0KForm 4
Mar 31, 2023Hammer Joseph DDirectorBuy394,500$10.00$3.9MForm 4
Mar 31, 2023Trailblazer Sponsor Group, LLC10% ownerBuy394,500$10.00$3.9MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Trailblazer Merger Corp I is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTrailblazer Merger Corp I1
  • CIK0001934945
  • Employer ID (EIN)87-37103765
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsDecember 311
  • Industry code (SIC)6770 Blank Checks1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address510 Madison Avenue, Suite 1401, New York, NY 100221
  • Phone646-747-96161
  • Shares outstanding2,452,315 Common Class A shares; 1 Common Class B shares as of Mar 6, 20265
  • Public float$3.9M as of Jun 30, 20255
  • AuditorCBIZ CPAs P.C, New York, NY PCAOB ID 199; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceJun 30, 20221
  • Filings147 in all: 8-K (38), 425 (34), 10-Q (9), 3 (9), SCHEDULE 13G/A (8), DEFA14A (6), SC 13G (6), 4 (4)1
    All 24 form types

    CORRESP (4), 10-K (3), DEF 14A (3), PRE 14A (3), S-1/A (3), SC 13G/A (3), 25-NSE (2), NT 10-Q (2), SCHEDULE 13G (2), UPLOAD (2), 424B4 (1), 8-A12B (1), CERT (1), DEFM14A (1), EFFECT (1), S-1 (1)

  • Latest filingsAnnual report (10-K) Mar 10, 2026
    Quarterly report (10-Q) Nov 21, 2025
    Proxy statement (DEF 14A) Mar 16, 2026
    Latest 8-K (8-K) Mar 9, 2026

Securities registered for trading

ClassSymbolExchange
Class A Common StockTBMCThe Nasdaq Stock Market LLC
RightsTBMCRThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Mar 10, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

Legal proceedings

We may be subject to legal proceedings, investigations and claims incidental to the conduct of our business from time to time. We are not currently a party to any material litigation or other legal proceedings brought against us. We are also not aware of any legal proceeding, investigation or claim, or other legal exposure that has a more than remote possibility of having a material adverse effect on our business, financial condition or results of operations.

The opening of Item 3, Legal Proceedings.5

Sources

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