Toronto Dominion Bank Buys Shares of 240,000 Trailblazer Merger Co. I (NASDAQ:TBMC)

Toronto Dominion Bank acquired a new stake in Trailblazer Merger Co. I (NASDAQ:TBMC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 240,000 shares of the company's stock, valued at approximately $2,671,000. Toronto Dominion Bank owned approximately 5.33% of Trailblazer Merger Co. I at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TBMC. Wolverine Asset Management LLC lifted its stake in shares of Trailblazer Merger Co. I by 32,752.0% in the fourth quarter. Wolverine Asset Management LLC now owns 131,408 shares of the company's stock valued at $1,463,000 after purchasing an additional 131,008 shares during the period. Harraden Circle Investments LLC purchased a new position in Trailblazer Merger Co. I in the fourth quarter valued at about $2,426,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of Trailblazer Merger Co. I during the 4th quarter valued at approximately $2,482,000. Institutional investors and hedge funds own 77.13% of the company's stock.

Trailblazer Merger Co. I Price Performance

Shares of NASDAQ:TBMC traded up $0.01 during trading on Monday, hitting $11.83. 55,400 shares of the stock were exchanged, compared to its average volume of 24,241. The company has a fifty day moving average price of $11.59 and a two-hundred day moving average price of $11.31. Trailblazer Merger Co. I has a 12-month low of $10.78 and a 12-month high of $12.89.

About Trailblazer Merger Co. I

Trailblazer Merger Corp. I is a blank check company, which engages in effecting a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization or other similar business combination. The company was founded on November 12, 2021 and is headquartered in New York, NY.