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3/5Trailblazer Merger Corp I (TBMC): Auditor change

Filed 2025-06-12 · Form 8-K · Accession 0001213900-25-053912 micro

Market data

Price before filing: $11.73 (2025-06-11 close, split/dividend-adjusted)
Market cap at flag: $52.7M (2025-06-12) · Latest: $29.1M (2026-03-26)

What happened next

Window	TBMC	SPY	vs SPY
30 days	-1.1%	+4.2%	-5.3%	2025-07-14
90 days	-0.8%	+8.8%	-9.5%	2025-09-10
180 days	+5.3%	+14.2%	-9.0%	2025-12-09

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Insider trading around this filing

90 days before the flag: no open-market insider sales or purchases reported.
30 days after: none reported.

Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-03-14 to 2025-07-12. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.

Verified excerpt

"On June 10, 2025, the Company dismissed Marcum as the Company's independent registered public accounting firm, and CBIZ CPAs was engaged to serve as the independent registered public accounting firm of the Company for the year ending December 31, 2025, effective immediately."

Quoted from the filing. Source

What this means

The company changed its outside auditor (8-K Item 4.01). A dismissal or resignation, especially near an annual report or with reported disagreements, is a warning sign. Changes caused by audit firms merging are usually routine.

Type: dismissed
Disagreements reported: no
Former auditor: Marcum LLP · New auditor: CBIZ CPAs P.C.

Read the original filing on SEC.gov →