Trailblazer Merger I enters business combination agreement with Cyabra

Cyabra Strategy and Trailblazer Merger Corporation I announced the signing of a definitive agreement for a business combination that upon closing is expected to result in Cyabra being publicly listed on the NASDAQ. The spread of disinformation is one of the most pressing challenges facing society today, undermining trust in brands, individuals, communities, and democratic institutions. At a time when students are bullying their peers using AI generated fake content and automated distribution bots, nation states disseminate false narratives to impact public opinion on elections and military conflicts, and mega corporations spread misinformation about competitors, impacting tens of thousands of workers and shareholders for financial profit, Cyabra is on the front lines of this informational warfare, identifying illicit bot campaigns and providing tools to combat the bad actors in the ongoing fight to restore trust in the digital realm. The transaction values Cyabra at a total enterprise value of $70 Million at signing. Upon the closing of the transaction, which is expected in the first quarter of 2025, the combined company will operate as Cyabra and will be listed on NASDAQ. The transaction has been unanimously approved by each of Trailblazer’s and Cyabra’s Board of Directors. The proposed transaction is subject to the approval of Trailblazer and Cyabra stockholders and the satisfaction or waiver of other customary closing conditions, including a registration statement being declared effective by the U.S. Securities and Exchange Commission