Trailblazer Acquisition Corp-A 2026年季度报告

FORM 10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2026 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 Commission File Number:001-42833 Trailblazer Acquisition Corp.(Exact name of registrant as specified in its charter) Not Applicable(Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Accelerated filer☐Smaller reporting company☒ Large accelerated filer☐Non-accelerated filer☒ Emerging growth company☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☒No☐ As of August 13, 2026, there were 27,500,000 Class A Ordinary Shares, par value $0.0001 per share, and 6,875,000 Class B OrdinaryShares, par value $0.0001 per share, of the registrant issued and outstanding. TRAILBLAZER ACQUISITION CORP. FORM 10-Q FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2026 TABLE OF CONTENTS PagePART I – FINANCIAL INFORMATION1Item 1.Financial Statements.1Condensed Balance Sheets as of June 30, 2026 (Unaudited) and December 31, 20251Unaudited Condensed Statements of Operations for the Three and Six Months Ended June 30, 2026 and forthe Period from June 9, 2025 (Inception) Through June 30, 20252Unaudited Condensed Statements of Changes in Shareholders’ Deficit for the Three and Six Months EndedJune 30, 2026and for the Period from June 9, 2025 (Inception) Through June 30, 20253Unaudited Condensed Statements of Cash Flows for the Six Months Ended June 30, 2026 and for thePeriod from June 9, 2025 (Inception) Through June 30, 20254Notes to Unaudited Condensed Financial Statements5Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations.19Item 3.Quantitative and Qualitative Disclosures About Market Risk.23Item 4.Controls and Procedures.23PART II – OTHER INFORMATION24Item 1.Legal Proceedings.24Item 1A.Risk Factors.24Item 2.Unregistered Sales of Equity Securities and Use of Proceeds.24Item 3.Defaults Upon Senior Securities.24Item 4.Mine Safety Disclosures.25Item 5.Other Information.25Item 6.Exhibits.25SIGNATURES26 Unless otherwise stated in this Report (as defined below), or the context otherwise requires, references to: ●“2025 Annual Report” are to our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, as filed with theSEC (as defined below) on March 30, 2026;●“Administrative Services Agreement” are to the Administrative Services Agreement, dated September 9, 2025, which weentered into with our Sponsor (as defined below);●“Amended and Restated Articles” are to our Amended and Restated Memorandum and Articles of Association, as currently ineffect;●“ASC” are to the FASB (as defined below) Accounting Standards Codification;●“ASC 280” are to FASB ASC Topic 280, “Segment Reporting”;●“ASU” are to the FASB Accounting Standards Update;●“ASU 2023-07” are to ASU Topic 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable SegmentDisclosures”;●“Board of Directors” or “Board” are to our board of directors;●“Business Combination” are to a merger, capital share exchange, asset acquisition, share purchase, reorganization or similarbusiness combination with one or more businesses;●“Cantor” are to Cantor Fitzgerald& Co., representative of the underwriters in the Initial Public Offering (as defined below);●“Certifying Officers” are to our Chief Executive Officer and Chief Financial Officer, together;●“Class A Ordinary Shares” are to our Class A ordinary shares, par value $0.0001 per share;●“Class B Ordinary Shares” are to our Class B ordinary shares, pa