Trailblazer Merger Corp I delists Class A shares

Trailblazer Merger Corp I is being removed from listing and registration on the Nasdaq Stock Market LLC.

Rhea-AI Filing Summary

Trailblazer Merger Corp I is being removed from listing and registration on the Nasdaq Stock Market LLC. Nasdaq certifies it has complied with Exchange rules under 17 CFR 240.12d2-2 and the issuer has complied with rules governing voluntary withdrawal.

This Form 25 notifies the Securities and Exchange Commission that the class described as Class A Common Stock & Rights will be struck from the Nasdaq listing pursuant to the cited rules. The filing is signed by a Nasdaq representative, Jennifer Fainer, CDO Analyst.

Insights

Corporate Governance Analyst

Nasdaq has processed a voluntary delisting for Trailblazer Merger Corp I's Class A shares.

The filing indicates a formal removal of the listed class under 17 CFR 240.12d2-2, with Nasdaq stating it believes the procedural requirements for Form 25 are met. The company and exchange cite compliance with the exchange's rules for voluntary withdrawal.

Implications depend on post-delisting mechanics and holder options; subsequent filings or exchange notices typically state the delisting effective date and any transfer or quotation arrangements. Timing and cash‑flow treatment are not specified in the provided excerpt.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Why did Trailblazer Merger Corp I (TBMC) file Form 25 with Nasdaq?

Form 25 notifies the SEC that Nasdaq will remove a listed class of securities. The filing states Nasdaq and the issuer complied with rules under 17 CFR 240.12d2-2 governing voluntary withdrawal and striking the class from listing.

Which class of Trailblazer Merger Corp I securities is being delisted?

The filing lists Class A Common Stock & Rights as the class being struck from Nasdaq. The Form 25 explicitly describes the class subject to removal under the cited exchange rules.

Who signed the Form 25 for Nasdaq in the TBMC filing?

The Form 25 is signed on behalf of Nasdaq Stock Market LLC by Jennifer Fainer, identified as a CDO Analyst. Nasdaq certifies it has reasonable grounds to believe it meets Form 25 requirements.

Does the Form 25 state whether the delisting is voluntary or involuntary?

The filing references compliance with rules governing the voluntary withdrawal of the class of securities from listing and registration, indicating the process cited is the voluntary withdrawal pathway.

Will the Form 25 specify when the delisting becomes effective?

This excerpt does not provide an effective date. Typical Form 25 filings or subsequent exchange notices contain the delisting effective date; that timing is not included in the provided content.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/27/2026 - 09:29 AM Learn about SEC filing dates

UNITED STATES

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SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 25

NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION
UNDER SECTION 12(b) OF THE SECURITIES EXCHANGE ACT OF 1934.

Commission File Number

333-265914

Issuer:	Trailblazer Merger Corp I
Exchange:	Nasdaq Stock Market LLC

(Exact name of Issuer as specified in its charter, and name of Exchange where security is listed and/or registered)

Address:	510 Madison Avenue
	Suite 1401
	New York	NEW YORK	10022
Telephone number:					212-586-8224

(Address, including zip code, and telephone number, including area code, of Issuer's principal executive offices)

Class A Common Stock & Rights

(Description of class of securities)

Please place an X in the box to designate the rule provision relied upon to strike the class of securities from listing and registration:

17 CFR 240.12d2-2(a)(1)

17 CFR 240.12d2-2(a)(2)

17 CFR 240.12d2-2(a)(3)

17 CFR 240.12d2-2(a)(4)

Pursuant to 17 CFR 240.12d2-2(b), the Exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the Exchange. ¹

Pursuant to 17 CFR 240.12d2-2(c), the Issuer has complied with its rules of the Exchange and the requirements of 17 CFR 240.12d-2(c) governing the voluntary withdrawal of the class of securities from listing and registration on the Exchange.

Pursuant to the requirements fo the Securities Exchange Act of 1934, Nasdaq Stock Market LLC certifies that it has reasonable grounds to believe that it meets all of the requirements for filing the Form 25 and has caused this notification to be signed on its behalf by the undersigned duly authorized person.

2026-03-27	By	Jennifer Fainer		CDO Analyst
Date		Name		Title

¹ Form 25 and attached Notice will be considered compliance with the provisions of 17 CFR 240.19d-1 as applicable. See General Instructions.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.