Trailblazer Acquisition Corp. filed a Form 10-Q with the SEC on November 13, 2026, covering the quarterly period ended September 30, 2026, for the blank-check company incorporated in the Cayman Islands and listed on NASDAQ:BLZR.

Key Highlights

  • Share count as of November 13, 2026: 27,500,000 Class A Ordinary Shares and 6,875,000 Class B Ordinary Shares were issued and outstanding, according to the filing.
  • Three securities listed on Nasdaq: Units (BLZRU), Class A Ordinary Shares (BLZR), and Redeemable Warrants (BLZRW) are each registered on The Nasdaq Stock Market LLC.
  • Warrant exercise price: Each whole Redeemable Warrant is exercisable for one Class A Ordinary Share at an exercise price of $11.50 per share, the filing states.
  • Combination Period deadline: The company disclosed a 24-month window from the IPO closing to consummate an initial Business Combination, running to September 11, 2027, subject to earlier determination by the Board.
  • IPO completed September 11, 2025: The filing identifies this as the date the Initial Public Offering was consummated, with the Over-Allotment Option partially exercised for 3,500,000 Option Units.
  • Deferred underwriting fee structure: The filing describes a Deferred Fee of 4.00% of gross IPO proceeds (excluding Over-Allotment proceeds) and 6.00% of gross proceeds from the Over-Allotment Option, payable only upon completion of the initial Business Combination.
  • Shell company status: The registrant indicated it is a shell company as defined in Rule 12b-2 of the Exchange Act.

Trailblazer Acquisition Corp. Quarterly Disclosure: SPAC Structure and Key Terms

Trailblazer Acquisition Corp. (NASDAQ:BLZR), a blank-check company incorporated in the Cayman Islands with principal offices at 152 West 57th Street, 32nd Floor, New York, NY 10019, filed its quarterly report for the period ended September 30, 2026. As of November 13, 2026, the company reported 27,500,000 Class A Ordinary Shares and 6,875,000 Class B Ordinary Shares outstanding, each with a par value of $0.0001 per share. The filing carries Commission File Number 001-42833 and was submitted as a smaller reporting company and emerging growth company.

According to the filing, the company completed its Initial Public Offering on September 11, 2025, which also established the start of the Combination Period. The company has until September 11, 2027, or such earlier date as determined by the Board, to consummate an initial Business Combination, unless that period is modified through an amendment to its Amended and Restated Articles consistent with applicable laws, regulations, and stock exchange rules. Cantor Fitzgerald & Co. served as representative of the underwriters in the IPO, the filing disclosed.

The filing further describes an Administrative Services Agreement dated September 9, 2025, with the Sponsor, and an IPO Promissory Note issued to the Sponsor on June 10, 2025, in a principal amount of up to $300,000. The Trust Account is maintained by Continental Stock Transfer & Trust Company, which also acts as warrant agent for the company's Public Warrants. The deferred underwriting fee, as described in the filing, is not payable from accrued interest in the Trust Account and becomes due only upon completion of the initial Business Combination.

What Was Disclosed

Trailblazer Acquisition Corp. filed a quarterly report for the period ended September 30, 2026, disclosing its share counts, SPAC structure, Combination Period deadline of September 11, 2027, warrant terms, and deferred underwriting fee arrangements tied to a future Business Combination.