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Trailblazer Merger Corp. Extends Business Combination Deadline

Story Highlights
  • Trailblazer Merger Corp. I increased its borrowing limit and extended its promissory note maturity date.
  • The company extended its business combination period and entered a merger agreement with Cyabra Strategy Ltd.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Trailblazer Merger Corp. Extends Business Combination Deadline

Confident Investing Starts Here:

Trailblazer Merger Corp. I Class A ( (TBMC) ) has issued an announcement.

Trailblazer Merger Corporation I has amended its promissory note with Trailblazer Sponsor Group, LLC, increasing the borrowing limit by $500,000 to $4,030,000 and extending the maturity date to the earlier of July 30, 2025, or the closing of its initial business combination. Additionally, the company has extended the period to complete its initial business combination to June 30, 2025, by depositing $83,286.56 into the Trust Account. The company also entered a merger agreement with Cyabra Strategy Ltd., which will result in the company being renamed Cyabra, Inc. once the merger is completed. This merger is subject to shareholder approval and regulatory filings, and it aims to position the company strategically within its industry.

More about Trailblazer Merger Corp. I Class A

Average Trading Volume: 49,831

Technical Sentiment Signal: Strong Buy

Current Market Cap: $53.31M

See more data about TBMC stock on TipRanks’ Stock Analysis page.

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