# Trailblazer Merger Corp I (TBMC) — merger/definitive [pending] Source: SEC API (secapi.ai) · situation sit_28f2987cf463878c05f8 · retrieved 2026-08-11T16:12:42.371Z ## Overview Trailblazer Merger Corporation I is a blank-check company incorporated in Delaware that is pursuing a business combination with Cyabra Strategy Ltd., an Israeli private company. On February 11, 2026, Trailblazer Merger Corporation I amended its Second Amended and Restated Promissory Note with Alpha Capital Anstalt (as assignee of Trailblazer Sponsor Group, LLC), increasing the principal amount by $500,000 from $4,830,000 to $5,330,000. The increased funds are intended to support payments in connection with the closing of the business combination with Cyabra Strategy Ltd., an Israeli private company. ## Terms - Counterparty: Alpha Capital Anstalt (as assignee of Trailblazer Sponsor Group, LLC) · Deal value: $5.3M · Consideration: cash · Price/share: $10 ## Key dates - Announced 2026-01-06 · Record 2026-01-08 · Vote 2026-02-18 · Expiry 2026-03-30 · Expected close 2026-03-30 ## Timeline - 2026-01-06 · 425 (0001213900-26-001805): 425 - Trailblazer Merger Corp I — *Trailblazer Merger Corporation I is a blank-check company organized to identify and complete an initial business combination with an operating company.* On July 22, 2024, Trailblazer Merger Corporation I ("Parent") entered into a merger agreement with Cyabra Strategy Ltd., a private Israeli company. Under the agreement, Parent will merge with and into Trailblazer Holdings, Inc. (a Parent subsidiary), with Holdings as the survivor, and Merger Sub (another Parent subsidiary) will merge with and into Cyabra, with Cyabra becoming a wholly owned subsidiary of Parent. Following the merger, Parent will be renamed "Cyabra, Inc." The Company has extended its business combination deadline from December 31, 2025 to January 31, 2026 by depositing $11,648.56 into the Trust Account, and the merger will be submitted to Parent shareholders for approval. https://www.sec.gov/Archives/edgar/data/1934945/0001213900-26-001805.txt - 2026-01-15 · 425 (0001213900-26-004719): 425 - Trailblazer Merger Corp I — *Cyabra is a real-time AI-powered platform that uncovers and analyzes online disinformation and misinformation by detecting fake profiles, harmful narratives, and GenAI content across social media and digital news channels.* Cyabra Strategy Ltd., an AI-powered disinformation detection platform company, has entered into a business combination agreement with Trailblazer Merger Corporation I (NASDAQ: TBMC), a blank-check special-purpose acquisition company. The transaction is subject to Trailblazer stockholder approval. A registration statement on Form S-4 has been filed with the SEC, which includes a preliminary proxy statement/prospectus. The combined company is expected to maintain its listing on Nasdaq following the business combination. https://www.sec.gov/Archives/edgar/data/1934945/0001213900-26-004719.txt - 2026-01-15 · 425 (0001213900-26-004761): 425 - Trailblazer Merger Corp I — *Trailblazer Merger Corporation I is a blank-check company incorporated in Delaware that is pursuing a merger with Cyabra Strategy Ltd., an Israeli private company.* On January 14, 2026, Trailblazer Merger Corporation I amended its Second Amended and Restated Promissory Note with Trailblazer Sponsor Group, LLC, increasing the principal amount by $250,000 to a total of $4,830,000. The increase was made in connection with monthly extensions of the time to engage in a business combination, requiring the company to deposit additional amounts in its trust account. https://www.sec.gov/Archives/edgar/data/1934945/0001213900-26-004761.txt - 2026-01-21 · DEFM14A (0001213900-26-006223): DEFM14A - Trailblazer Merger Corp I — *Cyabra Strategy Ltd. is an Israeli company that uncovers disinformation spread online, using technology to detect and combat fake content, bot networks, and false narratives created by foreign governments, competitors, and other third parties using generative AI tools.* On July 22, 2024 (as amended November 11, 2024 and November 6, 2025), Trailblazer Merger Corporation I entered into a merger agreement with Cyabra Strategy Ltd., an Israeli disinformation-detection company. Under the agreement, Trailblazer will merge into its subsidiary Holdings, which will then merge with Cyabra, with Cyabra surviving as a wholly owned subsidiary of Holdings. Holdings will be renamed "Cyabra, Inc." and is expected to list on Nasdaq. Cyabra shareholders will receive an aggregate of 10,600,000 shares of Holdings Common Stock (calculated as $106,000,000 ÷ $10.00), plus up to 3,000,000 earnout shares upon achievement of certain stock price targets. Cyabra key employees will receive 400,000 shares at closing. The transaction is expected to close by March 30, 2026. https://www.sec.gov/Archives/edgar/data/1934945/0001213900-26-006223.txt - 2026-02-04 · 425 (0001213900-26-012333): 425 - Trailblazer Merger Corp I — *Cyabra is an AI-powered platform that provides decision-grade intelligence on coordinated inauthentic behavior and synthetic influence online, helping governments and enterprises detect disinformation and coordinated online manipulation.* Cyabra Strategy Ltd., an AI-powered platform for real-time disinformation detection, has entered into a business combination agreement with Trailblazer Merger Corporation I (NASDAQ: $TBMC), a blank-check special-purpose acquisition company. The transaction is subject to Trailblazer stockholder approval. Trailblazer Holdings, Inc., a subsidiary of Trailblazer, has filed a registration statement on Form S-4 with the SEC, which includes a preliminary proxy statement/prospectus. No specific deal value, share consideration, or expected closing date is disclosed in this press release. https://www.sec.gov/Archives/edgar/data/1934945/0001213900-26-012333.txt - 2026-02-05 · 425 (0001213900-26-012395): 425 - Trailblazer Merger Corp I — *Trailblazer Merger Corporation I is a blank-check company organized to identify and complete an initial business combination.* On July 22, 2024, Trailblazer Merger Corporation I ("Parent") entered into a merger agreement with Cyabra Strategy Ltd., a private Israeli company. Under the agreement, Parent will merge with and into Trailblazer Holdings, Inc. (a wholly owned subsidiary of Parent), with Holdings surviving as the parent entity. Simultaneously, Trailblazer Merger Sub, Ltd. (another Parent subsidiary) will merge with and into Cyabra, with Cyabra becoming a wholly owned subsidiary of Parent. Following the merger, Parent will be renamed "Cyabra, Inc." The merger is subject to approval by Parent's shareholders and satisfaction of customary closing conditions. https://www.sec.gov/Archives/edgar/data/1934945/0001213900-26-012395.txt - 2026-02-18 · 425 (0001213900-26-018035): 425 - Trailblazer Merger Corp I — *Trailblazer Merger Corporation I is a blank-check company incorporated in Delaware that is pursuing a business combination with Cyabra Strategy Ltd., an Israeli private company.* On February 11, 2026, Trailblazer Merger Corporation I amended its Second Amended and Restated Promissory Note with Alpha Capital Anstalt (as assignee of Trailblazer Sponsor Group, LLC), increasing the principal amount by $500,000 from $4,830,000 to $5,330,000. The increased funds are intended to support payments in connection with the closing of the business combination with Cyabra Strategy Ltd., an Israeli private company. https://www.sec.gov/Archives/edgar/data/1934945/0001213900-26-018035.txt ## Citations - 0001213900-26-001805 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026001805 - 0001213900-26-004719 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026004719 - 0001213900-26-004761 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026004761 - 0001213900-26-006223 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026006223 - 0001213900-26-012333 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026012333 - 0001213900-26-012395 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026012395 - 0001213900-26-018035 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026018035