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Trailblazer Merger Corp I (NASDAQ:TBMC) announced Wednesday that it has extended the deadline to complete its initial business combination to September 30, 2025. The extension was funded by a deposit of $83,286.56 into the company’s trust account, as previously approved by the board of directors.
The extension follows an annual meeting of stockholders held on September 26, 2024, where proposals were considered to amend the company’s certificate of incorporation. The amendment allows the company to extend the period to finalize a business combination from September 30, 2024, to September 30, 2025, or an earlier date as determined by the board. The company is permitted to make monthly extensions, up to a total of twelve months, without requiring another stockholder vote.
Trailblazer Merger Corp I also reiterated details of its proposed merger with Cyabra Strategy Ltd., an Israeli private company. According to a previously disclosed merger agreement dated July 22, 2024, Trailblazer Merger Corp I will merge with Trailblazer Holdings, Inc., and Trailblazer Merger Sub, Ltd. will merge with Cyabra Strategy Ltd. Upon completion, Cyabra will become a wholly owned subsidiary of the surviving entity, which will be renamed Cyabra, Inc. The merger remains subject to shareholder approval and regulatory review.
The company stated that a registration statement on Form S-4, including a proxy statement and prospectus, has been filed with the SEC. Shareholders will receive additional materials once the registration is declared effective, and will be asked to vote on the merger at a special meeting.
Trailblazer Merger Corp I’s common stock and rights continue to trade on the Nasdaq Stock Market under the symbols TBMC and TBMCR, respectively.
All information in this article is based on a press release statement filed with the SEC.
In other recent news, Trailblazer Merger Corp I has extended its deadline to complete its initial business combination to July 31, 2025. This decision was made possible by the approval of shareholders during an annual meeting, allowing the company to extend the period by up to twelve additional months. Additionally, Trailblazer Merger Corp I has switched its independent registered public accounting firm from Marcum LLP to CBIZ CPAs P.C. This change follows CBIZ CPAs’ acquisition of Marcum’s attest business, and the transition has been approved by the company’s Audit Committee.
Meanwhile, Cyabra Strategy Ltd. has introduced a new AI-powered deepfake detection tool. The tool employs two proprietary AI models, PixelProof and MotionProof, to analyze images and videos for inconsistencies and unnatural patterns. These recent developments highlight the ongoing strategic decisions and technological advancements within these companies.
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