M&A - Trailblazer Merger Corp I

Form Type: 10-Q

Filing Date: 2025-05-14

Corporate Action: Merger

Type: Update

Accession Number: 000121390025043357

Filing Summary: Trailblazer Merger Corporation I is effectively preparing for its Business Combination transaction with Cyabra Strategy Ltd, which involves a merger agreement finalized on July 22, 2024. This transaction has been structured such that Trailblazer Merger Corporation will merge with its wholly owned subsidiary, Holdings, with Holdings becoming the surviving entity along with a concurrent merger of Trailblazer Merger Sub with Cyabra. As of March 31, 2025, the company has two subsidiaries established to facilitate this process. The report highlights the financial standings as of March 31, 2025, with total assets amounting to $28,124,282 and a stockholders' deficit of $6,863,516. The quarterly results show a net loss of $450,825 for the three months ended March 31, 2025, as compared to a net income of $372,368 for the same period in 2024. The document details the company's cash flows, indicating a decrease in cash balances and outlining efforts to secure additional extensions for completing the Business Combination. Amendments made to the Charter permit extensions to the business combination deadline until September 30, 2025. The report also discusses the ongoing need for liquidity and the management's focus on facilitating the merger process amid financial challenges.

Form Type: 425

Filing Date: 2025-05-02

Corporate Action: Merger

Type: New

Accession Number: 000121390025039285

Filing Summary: On May 2, 2025, Trailblazer Merger Corporation I filed a Form 8-K to report the extension of its business combination period to May 31, 2025. This extension allows the company additional time, beyond the previously established deadline of April 30, 2025, to complete its initial business combination. The extension was funded with a deposit of $83,286.56 into the Trust Account. Furthermore, it detailed a merger agreement to merge Trailblazer Merger Corporation I with Trailblazer Holdings, Inc. and Cyabra Strategy Ltd., where both parent and the holdings will undergo structural changes, including a name change to 'Cyabra, Inc.' The merger will be submitted for approval to shareholders with information provided through a registration statement filed with the SEC.

Form Type: 8-K

Filing Date: 2025-05-02

Corporate Action: Merger

Type: Update

Accession Number: 000121390025039276

Filing Summary: On May 2, 2025, Trailblazer Merger Corporation I extended its business combination period to May 31, 2025. This extension was funded by a deposit of $83,286.56 into the Trust Account. The company is in the process of completing a merger with Cyabra Strategy Ltd., which will make Cyabra a wholly-owned subsidiary and rename the parent company to 'Cyabra, Inc.' The merger agreement was initially entered into on July 22, 2024, and will be presented for approval to shareholders, accompanied by registration statements and proxy statements detailing the merger. The document includes forward-looking statements regarding the anticipated benefits and risks associated with the merger, noting that various uncertainties might affect the timeline and outcome of the business combination.

Form Type: 425

Filing Date: 2025-04-16

Corporate Action: Merger

Type: New

Accession Number: 000121390025032304

Filing Summary: Trailblazer Merger Corporation I is in the process of merging with Cyabra Strategy Ltd., having signed a merger agreement in July 2024. The transaction is projected to close in Q2 2025, contingent upon stockholder approval and SEC registration. A registration statement on Form S-4 has already been filed, and upon its effectiveness, a definitive proxy statement/prospectus will be distributed to stockholders. The proposed transaction includes guaranteed PIPE financing of $6 million, with potential for an additional $25 million in equity line of credit. The corporate merger seeks to address the significant market opportunity posed by disinformation security, with an expected valuation of $70 million.

Form Type: 8-K

Filing Date: 2025-04-02

Corporate Action: Merger

Type: Update

Accession Number: 000121390025028110

Filing Summary: Trailblazer Merger Corporation I announced an extension of its business combination period to April 30, 2025. The board of directors authorized the extension after $83,286.56 was deposited into the Trust Account. The company is in the process of completing a merger agreement with Cyabra Strategy Ltd., where Trailblazer Merger Corporation I will merge with its wholly owned subsidiary, Trailblazer Holdings, Inc., and subsequently, the subsidiary will merge with Cyabra Strategy Ltd. After the merger, Trailblazer will be renamed Cyabra, Inc. The merger will require shareholder approval following the filing of the Registration Statement with the SEC, which includes preliminary proxy statements and prospectus documents.

Form Type: 425

Filing Date: 2025-02-05

Corporate Action: Merger

Type: New

Accession Number: 000121390025010276

Filing Summary: Trailblazer Merger Corporation I has submitted this report to announce the extension of its business combination period to February 28, 2025, in accordance with a prior shareholder approval to extend the deadline for its initial business combination. The company has deposited $83,286.56 into the Trust Account for this extension, pushing the deadline from January 31, 2025 to the end of February 2025. Furthermore, the report details a merger agreement established on July 22, 2024, involving Trailblazer Merger Corporation I, Trailblazer Merger Sub, Ltd., Trailblazer Holdings, Inc., and Cyabra Strategy Ltd. The merger agreement outlines a two-step merger process: first, the parent company will merge with Trailblazer Holdings, making it the survivor, and second, the merger sub will merge into Cyabra Strategy Ltd., which will be the surviving entity. Upon completion, the parent company will be renamed Cyabra, Inc. Shareholders will receive a definitive Proxy Statement/Prospectus for their consideration before the shareholder meeting to approve the merger.

Form Type: 8-K

Filing Date: 2025-02-05

Corporate Action: Merger

Type: Update

Accession Number: 000121390025010275

Filing Summary: Trailblazer Merger Corporation I filed this current report to announce the extension of its business combination period to February 28, 2025. This extension was funded by a deposit of $83,286.56 into the Trust Account, allowing the company more time to finalize its initial business combination. A merger agreement was previously entered into on July 22, 2024, involving Trailblazer Merger Corporation I merging with its subsidiary, Trailblazer Holdings, Inc., and subsequently with Cyabra Strategy Ltd., with Cyabra becoming a wholly owned subsidiary. The agreement outlines that following the merger, the parent company will be renamed 'Cyabra, Inc.' Shareholder approval will be required for the merger, and a proxy statement will be provided once the registration statement is effective.

Form Type: 425

Filing Date: 2025-01-16

Corporate Action: Merger

Type: New

Accession Number: 000121390025004009

Filing Summary: On January 15, 2025, Cyabra Strategy Ltd. announced its preliminary financial results for 2024, reporting an annual recurring revenue (ARR) of $6.1 million, marking a 75% growth from 2023. Cyabra, which specializes in combating online disinformation, cited increasing demand for its AI-driven solutions. The company has entered into a business combination agreement with Trailblazer Merger Corporation I, a special-purpose acquisition company, as part of a strategy to expand its global presence and advance its technological offerings. The partnership aims to leverage Cyabra's strengths against digital threats, with the merger expected to enhance operational scale and service delivery. Investors are encouraged to read the detailed registration statements and other SEC filings regarding the business combination as they contain critical information about the transaction.

Form Type: 425

Filing Date: 2025-01-06

Corporate Action: Merger

Type: Update

Accession Number: 000121390025001240

Filing Summary: Trailblazer Merger Corporation I reported an extension of its business combination period to January 31, 2025, which allows for a total of twelve additional months to complete its initial merger. The company had previously engaged in a merger agreement with Trailblazer Merger Sub, Ltd. and Cyabra Strategy Ltd. The merger will see Trailblazer Merger Corporation I and its subsidiaries merge with Cyabra, with the parent company renamed to Cyabra, Inc. The registration statement and proxy statements for the merger will be filed with the SEC, and shareholders will be notified once these documents are available. The report discusses various forward-looking statements regarding the merger and its implications including the risks involved and the anticipated benefits of the transaction. The update emphasizes that this report does not constitute a solicitation for securities in connection with the merger.

Form Type: 8-K

Filing Date: 2025-01-06

Corporate Action: Merger

Type: New

Accession Number: 000121390025001237

Filing Summary: Trailblazer Merger Corporation I filed a Form 8-K to report the extension of its business combination period, allowing the company until January 31, 2025 to complete its initial business combination, which was previously set to expire on December 31, 2024. The company has deposited $83,286.56 into the Trust Account to fund this extension. Additionally, the document outlines a merger agreement dated July 22, 2024, involving Trailblazer Merger Corporation I and Cyabra Strategy Ltd. Under this agreement, Trailblazer will merge with its subsidiary, Trailblazer Holdings, Inc., and Merger Sub will merge with Cyabra Strategy Ltd, with the latter becoming a wholly owned subsidiary of the surviving entity. Following the merger, Trailblazer plans to rename itself to Cyabra, Inc. The merger will be submitted for approval to Trailblazer's shareholders, who will receive a preliminary proxy statement/prospectus regarding the merger, detailing the important information related to the transaction. The document also includes forward-looking statements about potential risks associated with the merger, its anticipated benefits, and the company's future performance post-merger.