TBMC · Trailblazer Merger Corp I
$7.33
-3.63 (-33.11%)
At close · Mar 26
Going-concern doubt
— flagged Mar 10, 2026
Substantial doubt about the company's ability to continue as a going concern.
“Management has determined that mandatory liquidation, should a Business Combination not occur, and potential subsequent dissolution and the liquidity issue raise substantial doubt about the Company's ability to continue as a going concern for one year from the date the financial statements are issued.”View the 10-K filed Mar 10, 2026
Market Cap
$17.96M
Shares
2.45M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$7.33
Open$10.92
Day$5.75–11.60
52W$5.75–14.91
Avg vol 30d21K
Short int10K · 0.4% float · 1.0d
DataMay 2023–Mar 2026
Filing10-K · Mar 10
Up next
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Mar 10, 2026
Equibles Rating
blended score · not investment adviceOverall
Strong Sell
SellHoldBuy
Technical
Sell
Momentum
Very Weak
Sentiment
Neutral
Fundamentals
Limited
Quant / Vol
Very High
Market backdrop
VIX 18.2 · elevated
Equity put/call 0.71
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−37%
below
Price vs 50-day avg
−35%
below
RSI (14)
32
neutral
MACD trend
Negative
52-week position
17%
mid-range
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
−34%
trailing
6-month return
−38%
trailing
YTD return
−45%
this year
Relative strength
−35%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $11 › 200d $12 — 200d above 50d
Institutional flow
Distributing
-50% holders QoQ
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
0.42% of float · ▼ -15.2% MoM · 1.0 days cover
Volume signal
Reversal watch
High volume on a down day — possible exhaustion
Institution breadth
Multi-yr low
6 holders — near 3-yr low, contrarian setup
Fundamentals
Not enough data for a confident read.
Quant / Vol
risk profile
Volatility
60%
annualized · 1-yr
Max drawdown
−50%
past year
ATR
18.5%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Technicals
trend & momentum for long-term holders Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−37%
Bearish
Price vs 50-day avg
−35%
Bearish
RSI (14)
32
Neutral
MACD trend
Negative
Bearish
52-week position
17%
Neutral
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Mixed
Trend (MA cross)
No cross
50d $11 › 200d $12 — 200d above 50d
Institutional flow
Distributing
-50% holders QoQ
Insider flow
Flat
No net insider activity over 90 days
Short interest
Falling
0.42% of float · ▼ -15.2% MoM · 1.0 days cover
Volume signal
Reversal watch
High volume on a down day — possible exhaustion
Institution breadth
Multi-yr low
6 holders — near 3-yr low, contrarian setup
Price context
position in its 52-week range
52-wk low $6
Now $7 · 17%
52-wk high $15
vs 200-day avg -37%
vs 50-day avg -35%
Illustrative technical + ownership context — a signal mix, not investment advice.
Versus peers
Shell Companies — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
TBMC
this stock
Trailblazer Merger Corp I
|
$17.96M | -45.0% | — | — | 0.4% |
|
CLUS
Cluster Group Holdings Ltd Co
|
$8.00B | +0.0% | — | 100.2 | — |
|
XXI
Twenty One Capital, Inc.
|
$2.87B | -49.8% | — | — | 0.7% |
|
CCXI
Churchill Capital Corp XI
|
$808.76M | — | — | — | 1.8% |
|
DMII
Drugs Made In America Acquisition II Corp.
|
$644.01M | +2.1% | — | — | 0.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Institutional Holders
Reducing
Holders
6
- % held
- 5.3%
- Net QoQ
- -1.6M sh
- Top holder
- GLAZER CAPITAL, LLC
Held
Float
Short & Settlement
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| TBMC | -30.2% | -33.9% | -38.1% | -23.3% | -45.0% |
| SPY | -2.2% | -6.4% | -3.6% | -6.0% | -5.4% |
| vs SPY | -28.0% | -27.5% | -34.5% | -17.3% | -39.6% |
Key facts
CIK
1934945
CUSIP
89278D109