Trailblazer Merger Corporation I (TBMC)

TBMC Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	0.1	0.06	0.61	0.03	0.03
Cash & Short-Term Investments	0.1	0.06	0.61	0.03	0.03
Cash Growth	-69.55%	-89.50%	1667.27%	37.57%	-
Prepaid Expenses	0.06	0.03	0.14	0	0.03
Restricted Cash	1.23	0.8	-	-	-
Total Current Assets	1.39	0.9	0.75	0.04	0.05
Long-Term Deferred Charges	-	-	-	0.27	-
Other Long-Term Assets	27.6	26.83	73.02	-	-
Total Assets	28.99	27.73	73.77	0.3	0.05
Accounts Payable	1.72	1.19	0.24	0	-
Accrued Expenses	0.56	0.5	-	-	0
Short-Term Debt	3.74	2.53	0.32	0.23	0.05
Current Income Taxes Payable	1.04	0.89	0.31	-	-
Other Current Liabilities	-	-	0.08	0.06	-
Total Current Liabilities	7.06	5.11	0.94	0.28	0.05
Long-Term Deferred Tax Liabilities	-	-	0.21	-	-
Other Long-Term Liabilities	29.51	28.7	74.29	-	-
Total Liabilities	36.57	33.82	75.45	0.28	0.05
Common Stock	0	0	0	0	-
Additional Paid-In Capital	-	-	-	0.02	-
Retained Earnings	-7.58	-6.08	-1.68	-0.01	-0
Shareholders' Equity	-7.58	-6.08	-1.68	0.02	-0
Total Liabilities & Equity	28.99	27.73	73.77	0.3	0.05
Total Debt	3.74	2.53	0.32	0.23	0.05
Net Cash (Debt)	-3.64	-2.47	0.29	-0.19	-0.03
Net Cash Per Share	-0.65	-0.31	0.04	-0.20	-
Filing Date Shares Outstanding	4.5	4.5	9.02	1.73	1.69
Total Common Shares Outstanding	4.5	4.5	9.02	1.73	1.69
Working Capital	-5.67	-4.21	-0.19	-0.25	-0
Book Value Per Share	-1.69	-1.35	-0.19	0.01	-0.00
Tangible Book Value	-7.58	-6.08	-1.68	0.02	-0
Tangible Book Value Per Share	-1.69	-1.35	-0.19	0.01	-0.00

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q