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Trailblazer Merger Corp. Extends Business Combination Period

Story Highlights
  • Trailblazer Merger Corp. I extended its promissory note maturity date and business combination period.
  • Trailblazer entered a merger agreement with Cyabra Strategy Ltd., forming Cyabra, Inc., pending approvals.
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Trailblazer Merger Corp. Extends Business Combination Period

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

Trailblazer Merger Corporation I has amended its promissory note with Trailblazer Sponsor Group, LLC, extending the maturity date to the later of September 15, 2025, or the closing of its initial business combination. The company has also extended its business combination period to August 31, 2025, by depositing funds into a trust account. On July 22, 2024, Trailblazer entered into a merger agreement with Cyabra Strategy Ltd., which will result in the formation of a new entity named Cyabra, Inc. The merger is subject to shareholder approval and regulatory filings, with potential impacts on the company’s market positioning and operations.

More about Trailblazer Merger Corp. I Class A

Average Trading Volume: 30,281

Technical Sentiment Signal: Buy

Current Market Cap: $52.23M

Learn more about TBMC stock on TipRanks’ Stock Analysis page.

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