Appleby is pleased to announce that it acted as Cayman Islands legal counsel to Trailblazer Acquisition Corp. (Trailblazer) in connection with the pricing of its initial public offering (IPO).
Trailblazer successfully completed its IPO of 27.5 million units at US $10.00 per unit, raising US $275 million in gross proceeds. The total includes 3.5 million units issued pursuant to the underwriters' partial exercise of their over-allotment option. Trading of the company's units began on 10 September 2025 on the Nasdaq Global Market (Nasdaq) under the ticker "BLZRU." Each unit comprises one Class A ordinary share and one-third of a redeemable warrant. Each whole warrant entitles the holder to acquire one Class A ordinary share at US $11.50. The Class A shares and warrants are expected to trade separately under the symbols "BLZR" and "BLZRW," respectively.
Trailblazer Acquisition Corp. is a special purpose acquisition company formed (SPAC) to pursue mergers, acquisitions or other business combinations, with an intended focus on media and communications, sports and entertainment, technology, and consumer retail sectors.
Appleby's role covered all Cayman Islands legal aspects of the transaction, leveraging the firm's extensive experience in SPAC IPOs and capital markets regulation. The team was led by Counsel Alexandra Low, with Partner Simon Raftopoulos, Paralegal Sophia Cunningham and other members of the corporate team.
Appleby continues to advise on high-profile SPAC and public-market transactions worldwide.