| Significant Events During the Reporting Period |
Note 8 —
Significant Events During the Reporting Period
| A. |
On January
8, 2026, Legacy Cyabra received a $200
thousand promissory note from Alpha Capital Anstalt, bearing annual interest of 10%.
The principal will be repaid with 50%
of all gross revenues or proceeds from any financing, net of any reseller or broker fee, and the remaining unpaid principal will be repaid
upon the earlier of the closing of the business combination with Trailblazer Merger Corporation I or January 22, 2026. The accrued interest
will be repaid in cash in accordance with the terms of the note. The note was repaid at the closing of the business combination. |
| B. |
On February
5, 2026, Legacy Cyabra received a $1,000
thousand promissory note from Alpha Capital Anstalt, bearing annual interest of 10%.
The principal will be repaid with 50%
of all gross revenues or proceeds from any financing, net of any reseller or broker fee, and the remaining unpaid principal will be repaid
upon the earlier of the closing of the business combination with Trailblazer Merger Corporation I or February 18, 2026. The accrued interest
will be repaid in cash in accordance with the terms of the note. As of the date of these financial statements, this note was due but was
not yet repaid. As a result of the note not being repaid when due, the interest rate was adjusted in accordance with the contractual terms
of the note. |
| C. |
On January
14, 2026, Legacy Cyabra received a bridge loan from the Bank in the amount of $524
thousand. The loan bears interest of 10.50%
per year and was repaid on January 31, 2026. |
| D. |
On March 2,
2026, Legacy Cyabra received a bridge loan from the Bank in the amount of $131
thousand. The loan bears interest of 10.50%
per year and will be repaid on March 16, 2026. The loan was repaid and received again, bearing an interest of 11%
per year, and was repaid on March 26, 2026. |
| E. |
On March 9,
2026, Legacy Cyabra received $450
thousand promissory note from Alpha Capital Anstalt, bearing annual interest of 10%.
The principal will be repaid with 50%
of all gross revenues or proceeds from any financing, net of any reseller or broker fee, and the remaining unpaid principal will be repaid
upon the earlier of the closing of the business combination with Trailblazer Merger Corporation I or March 19, 2026. The accrued interest
will be repaid in cash in accordance with the terms of the note. As of the date of these financial statements, this note was due but was
not yet repaid. As a result of the note not being repaid when due, the interest rate was adjusted in accordance with the contractual terms
of the note. |
| F.
|
On March 13,
2026, Legacy Cyabra received $350
thousand promissory note from Alpha Capital Anstalt, bearing annual interest of 10%.
The principal will be repaid with 50%
of all gross revenues or proceeds from any financing, net of any reseller or broker fee, and the remaining unpaid principal will be repaid
upon the earlier of the closing of the business combination with Trailblazer Merger Corporation I or March 27, 2026. The accrued interest
will be repaid in cash in accordance with the terms of the note. The note was repaid at the closing of the business combination. |
|