Cyabra's Nasdaq News: Read More Here

Why Cyabra is Going Public

Six years ago, Cyabra was born. 

We were three people who witnessed the explosion of disinformation and fake news in the online world. The damage it was causing. The growing atmosphere of fear, mistrust, confusion and anger. The ease with which public opinion was being manipulated. 

We embarked on a mission to restore trust in the online world. To create new tools to stop malicious actors attempting to control what we think, what we buy, and even who we vote for.

Since then, Cyabra has worked with some of the world’s biggest democracies, as well as corporations and NGOs.  

This week, we took the fight against disinformation to the next level. 

Cyabra is going to be the first publicly traded company solely dedicated to combating disinformation. 

Yes, my friends, we are going public on the Nasdaq! The official announcement is here.

But Dan, Why?

The short answer is that the time is now. The fight against disinformation can’t wait. We don’t have a moment to spare. 

The last year has changed everything in terms of online threats (spoiler alert: yes, AI is a major part of this). 

Don’t believe me? Here’s an exercise: open your phone and start scrolling through any social media platform. How much do you trust what you’re reading or watching? How sure are you that the person you interact with is real? Do you find yourself hesitating before reposting something, trying to decide whether it’s fake news? 

You’re not alone. 

Disinformation is one of the biggest challenges facing humanity.
Don’t take my word for it: the World Economic Forum’s recent Global Risks Report identifies disinformation as the most significant short-term risk of 2024. Gartner anticipates that by 2028, enterprise spending on battling this threat will surpass $500 billion, cannibalizing 50% of marketing and cybersecurity budgets. 

But to be honest, Cyabra doesn’t need those reports to know that the threats are expanding and escalating like never before. In the past year, we have been approached by corporations across nearly every industry experiencing this problem for the first time – and with it, the acknowledgment of the need to arm marketing, communications, and security teams with better tools to identify and respond to those threats. They are turning to Cyabra for help, whether because they have already suffered huge harm to their reputation caused by brand disinformation, or because they understand that the danger is imminent and inevitable. 

The dangers of disinformation continue to grow rapidly, especially with numerous elections taking place this year. As billions of voters turn to social media and online platforms for news and updates this year, malicious actors are seizing the opportunity to spread false information and manipulate public opinion. 

Against this backdrop, bad actors are getting smarter and more sophisticated, aided by the exponential advances in AI. While AI has improved our lives tremendously, it is also being exploited by bad actors to automate the creation of thousands of fake social media accounts, amplify false narratives, and manipulate public opinion on a massive scale.

By now, you may have reached the same conclusion as we have – there is no time to wait. 

Going public gives Cyabra the public and financial platform to take the fight to the bad guys. 

We are also democratizing the opportunity for all types of investors to invest in Cyabra’s technology. If you had the chance, wouldn’t you invest in Batman’s technology?!

We are in this for the long term. 

We are not going anywhere.

We are building.

Uncover the Good, Bad, and Fake of the Online World

Cyabra is a disinformation security company. We uncover fake profiles, harmful narratives, and GenAI content. We harness the power of AI for good, using it to fight malicious AI. The importance of our work has been widely recognized: Elon Musk previously hired us to analyze the amount of bot activity before purchasing Twitter (now X). 70th Secretary of State Mike Pompeo has joined our board of directors. In the past year, Cyabra has helped protect 19 governments around the world with their elections.

I couldn’t be more proud of the journey we have taken. 

By going public, we will continue to enhance our AI technologies to stay ahead of malicious actors, expanding our client base across governments and corporations. Our mission is more important than ever, and we have a long way to go, but today we have taken a major step to restore trust in the online realm. 

To Our Team, Partners, and Friends 

Getting to this point requires tremendous hard work and perseverance, none more so than from my co-founders, Ido Shraga and Yossef Daar, who are the best partners and friends a CEO could ask for.

I would also like to thank our amazing team, our customers, our partners, our board of directors, and our advisors.

Lastly, a huge thanks to all our investors, including Founders Fund, OurCrowd, Summus VC, TAU Ventures, and everyone who believed in us. 

Thank you for being part of our journey in the fight against disinformation.

Dan Brahmy

CEO & Co-Founder, Cyabra

***

No Offer or Solicitation 

This communication is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any proxy, consent, authorization, vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made, except by means of a prospectus meeting the requirements of the U.S. Securities Act of 1933, as amended.

Additional Information About the Proposed Transaction for Investors and Shareholders

In connection with the proposed transaction between Trailblazer and Cyabra (the “Proposed Transaction”), Trailblazer (or a subsidiary of Trailblazer) intends to file relevant materials with the U.S. Securities and Exchange Commission (the “SEC”), including a registration statement on Form S-4 that will contain a proxy statement/prospectus of Trailblazer. This press release is not a substitute for the registration statement or for any other document that Trailblazer may file with the SEC in connection with the Proposed Transaction. CYABRA AND TRAILBLAZER URGE INVESTORS AND STOCKHOLDERS TO READ THE REGISTRATION STATEMENT, PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT TRAILBLAZER, CYABRA, THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors and stockholders will be able to obtain free copies of the proxy statement/prospectus and other documents filed by Trailblazer with the SEC (when they become available) through the website maintained by the SEC at www.sec.gov. In addition, investors and stockholders should note that Trailblazer communicates with investors and the public using its website (www. trailblazermergercorp.com), the SEC filings tab on Trailblazer’s website  https://trailblazermergercorp.com/home/default.aspx#sec-filings) where anyone will be able to obtain free copies of the proxy statement/prospectus and other documents filed by Trailblazer with the SEC, and stockholders are urged to read the proxy statement/prospectus and the other relevant materials when they become available before making any voting or investment decision with respect to the Proposed Transaction. 

Participants in the Solicitation

Trailblazer, Cyabra and their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from stockholders in connection with the Proposed Transaction. Information about Trailblazer’s directors and executive officers including a description of their interests in Trailblazer is included in Trailblazer’s most recent Annual Report on Form 10-K, including any information incorporated therein by reference, as filed with the SEC. Additional Information regarding these persons and their interests in the transaction will be included in the proxy statement/prospectus relating to the Proposed Transaction when it is filed with the SEC. These documents can be obtained free of charge from the sources indicated above.

Forward-Looking Statements

This news release contains forward-looking statements that are not historical facts within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and other future conditions. In some cases you can identify these statements by forward-looking words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “should,” “would,” “project,” “plan,” “expect,” “goal,” “seek,” “future,” “likely” or the negative or plural of these words or similar expressions. Examples of such forward-looking statements include but are not limited to express or implied statements regarding Trailblazer’s or Cyabra’s management team’s expectations, hopes, beliefs, intentions or strategies regarding the future including, without limitation, statements regarding: the Proposed Transaction; expectations regarding the use of capital resources, including the time period over which the combined company’s capital resources will be sufficient to fund its anticipated operations; and the expected trading of the combined company’s stock on NASDAQ. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. You are cautioned that such statements are not guarantees of future performance and that actual results or developments may differ materially from those set forth in these forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include:  the risk that the conditions to the closing or consummation of the Proposed Transaction are not satisfied, including the failure to obtain stockholder approval for the Proposed Transaction; uncertainties as to the timing of the consummation of the Proposed Transaction and the ability of each of Trailblazer and Cyabra to consummate the transactions contemplated by the Proposed Transaction; risks related to Trailblazer’s and Cyabra’s ability to correctly estimate their respective operating expenses and expenses associated with the Proposed Transaction, as applicable, as well as uncertainties regarding the impact any delay in the closing would have on the anticipated cash resources of the resulting combined company upon closing and other events and unanticipated spending and costs that could reduce the combined company’s cash resources; the occurrence of any event, change or other circumstance or condition that could give rise to the termination of the Proposed Transaction by either company; the effect of the announcement or pendency of the Proposed Transaction on Trailblazer’s or Cyabra’s business relationships, operating results and business generally; costs related to the business combination; the outcome of any legal proceedings that may be instituted against Trailblazer, Cyabra, or any of their respective directors or officers related to the business combination agreement or the transactions contemplated thereby; the ability of Trailblazer or Cyabra to protect their respective intellectual property rights; competitive responses to the Proposed Transaction; unexpected costs, charges or expenses resulting from the Proposed Transaction; whether the combined business of Trailblazer and Cyabra will be successful; legislative, regulatory, political and economic developments; and additional risks described in the “Risk Factors” section of Trailblazer’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023 filed with the SEC. Additional assumptions, risks and uncertainties are described in detail in our registration statements, reports and other filings with the SEC, which are available on Trailblazer’s website, and at www.sec.gov.

You are cautioned that such statements are not guarantees of future performance and that our actual results may differ materially from those set forth in the forward-looking statements. The forward-looking statements and other information contained in this news release are made as of the date hereof and neither Trailblazer nor Cyabra undertakes any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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