Trailblazer Merger Corp I

Trailblazer Merger Corp I is a blank-check company (SPAC) that raised $60M in its initial public offering on Mar 29, 2023, listing on Nasdaq Global Market. It completed its business combination with Cyabra Strategy Ltd. on Mar 27, 2026; the combined company is Cyabra, Inc. (formerly Trailblazer Holdings, Inc.) (CYAB). Oracle led the IPO, with Lokahi Capital and Credit Suisse. Loeb & Loeb advised the SPAC and Haynes and Boone advised the underwriters on the IPO.

Cyabra Strategy Ltd. is a data intelligence company founded by veterans of Israeli intelligence units that works against the online distribution of disinformation. It is the target of a proposed business combination with Trailblazer Merger Corporation I.

Status

Merger completed

IPO date

Mar 29, 2023

IPO size

$60M

IPO exchange

Nasdaq Global Market

Target

Cyabra Strategy Ltd.

Announced

Jul 23, 2024

Closed

Mar 27, 2026

Combined company

Cyabra, Inc. (formerly Trailblazer Holdings, Inc.) (CYAB)

IPO underwriters

Oracle, Lokahi Capital, Credit Suisse, UBS and III Capital

SPAC counsel (IPO)

Loeb & Loeb

Underwriters' counsel (IPO)

Haynes and Boone