Trailblazer Acquisition Corp.
For the period ended Sep 30, 2025. Filed Nov 13, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 13, 2025
BLZR$10.260.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Balance Sheet as of September 30, 2025
UNAUDITED CONDENSED BALANCE SHEET
| Assets: | |
|---|---|
| Current assets | |
| Cash | $1,266,372 |
| Prepaid expense | 20,483 |
| Prepaid insurance | 70,031 |
| Total current assets | 1,356,886 |
| Prepaid insurance – long-term | 66,141 |
| Marketable securities held in Trust Account | 275,576,612 |
| Total Assets | $276,999,639 |
| Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders’ Deficit | |
| Current liabilities | |
| Accrued expenses | $10,000 |
| Accrued offering expenses | 75,000 |
| Total current liabilities | 85,000 |
| Deferred underwriting fee payable | 11,700,000 |
| Total Liabilities | 11,785,000 |
| Commitments and Contingencies (Note 6) | |
| Class A Ordinary Shares subject to possible redemption, 27,500,000 shares at a redemption value of $10.02 per share | 275,576,612 |
| Shareholders’ Deficit | |
| Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding | — |
| Class A Ordinary Shares, $0.0001 par value; 500,000,000 shares authorized; none issued or outstanding (excluding 27,500,000 shares subject to possible redemption) | ― |
| Class B Ordinary Shares, $0.0001 par value; 50,000,000 shares authorized; 6,875,000 shares issued and outstanding | 687 |
| Additional paid-in capital | — |
| Accumulated deficit | (10,362,660) |
| Total Shareholders’ Deficit | (10,361,973) |
| Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders’ Deficit | $276,999,639 |
UNAUDITED CONDENSED STATEMENTS OF OPERATIONS
| For the Three Months Ended September 30, | For the Period from June 9, 2025 (Inception) Through September 30, | |
|---|---|---|
| 2025 | 2025 | |
| General and administrative costs | $87,287 | $106,093 |
| Loss from operations | (87,287) | (106,093) |
| Other income: | ||
| Interest earned on marketable securities held in Trust Account | 576,612 | 576,612 |
| Total other income, net | 576,612 | 576,612 |
| Net income | $489,325 | $470,519 |
| Weighted average shares outstanding of Class A Ordinary Shares | 5,679,348 | 4,623,894 |
| Basic and diluted net income per share, Class A Ordinary Shares | $0.04 | $0.04 |
| Weighted average shares outstanding of Class B Ordinary Shares | 6,180,707 | 6,094,027 |
| Basic net income per ordinary share, Class B Ordinary Shares | $0.04 | $0.04 |
| Weighted average shares outstanding of Class B Ordinary Shares | 6,875,000 | 6,814,159 |
| Diluted net income per ordinary share, Class B Ordinary Shares | $0.04 | $0.04 |
UNAUDITED CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (DEFICIT)
FOR THE PERIOD FROM JUNE 9, 2025 (INCEPTION) THROUGH SEPTEMBER 30, 2025
AND FOR THE THREE-MONTH PERIOD ENDED
| Class A Ordinary Shares · Class B Ordinary Shares · Additional Paid-in · Accumulated · Total Shareholders’ | |||||||
|---|---|---|---|---|---|---|---|
| Shares | Amount | Shares | Amount | Capital | Deficit | Equity (Deficit) | |
| Balance — June 9, 2025 (Inception) | — | $— | — | $— | $— | $— | $— |
| Issuance of Class B Ordinary Shares to Sponsor | — | — | 6,900,000 | 690 | 24,310 | — | 25,000 |
| Net loss | — | — | — | — | — | (18,806) | (18,806) |
| Balance — June 30, 2025 | — | — | 6,900,000 | 690 | 24,310 | (18,806) | 6,194 |
| Accretion for Class A Ordinary Shares to redemption amount | — | — | — | — | (11,195,159) | (10,833,179) | (22,028,338) |
| Sale of Private Placement Warrants | — | — | — | — | 6,800,000 | — | 6,800,000 |
| Forfeiture of Founder Shares | — | — | (25,000) | (3) | 3 | — | — |
| Fair Value of Public Warrants at issuance | — | — | — | — | 4,675,000 | — | 4,675,000 |
| Allocated value of transaction costs to Class A Ordinary Shares | — | — | — | — | (304,154) | — | (304,154) |
| Net income | — | — | — | — | — | 489,325 | 489,325 |
| Balance – September 30, 2025 (unaudited) | — | $— | 6,875,000 | $687 | $— | $(10,362,660) | $(10,361,973) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.