Company: CSTAF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110128
Chunk: 105

Company: Constellation Acquisition Corp I
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 105
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 warrant, which warrants will be identical to the Private Placement Warrants
issued to the Sponsor at the time of the IPO of the Company. As of each of September 30, 2025 and December 31, 2024, $2,951,000 is outstanding
under this Extension Note.

The notes were accounted for using the bifurcation
method, and it was determined that the conversion feature was de minimis and was recorded at par value. As of each of September 30, 2025
and December 31, 2024, there was $3,181,000 of borrowings under the Working Capital Loans.

Note 6 — Commitments and Contingencies

Registration Rights

The holders of the Founder Shares, Private Placement
Warrants, Class A ordinary shares underlying the Private Placement Warrants and warrants that may be issued upon conversion of Working
Capital Loans (and any Class A ordinary shares issuable upon the exercise of the Private Placement Warrants and warrants that may be
issued upon conversion of Working Capital Loans) will be entitled to registration rights pursuant to a registration and shareholder rights
agreement to be signed prior to or on the Effective Date of the IPO. The holders of these Securities are entitled to make up to three
demands, excluding short form demands, that the Company registers such Securities. In addition, the holders have certain “piggyback”
registration rights with respect to registration statements filed subsequent to the completion of a Business Combination and rights to
require the Company to register for resale such Securities pursuant to Rule 415 under the Securities Act. In addition, if the Sponsor
affiliates acquire shares in the IPO, they would become affiliates (as defined in the Securities Act) of the Company following the IPO,
and the Company would file a registration statement following the IPO to register the resale of the Public Shares purchased by the Sponsor
affiliates (or their nominees) in the IPO. The Sponsor affiliates will not be subject to any lock-up period with respect to any Public
Shares they may purchase. The registration rights agreement does not contain liquidated damages or other cash settlement provisions resulting
from delays in registering the Company’s Securities. The Company will bear the expenses incurred in connection with the filing
of any such registration statements.

Underwriting Agreement

The underwriters had a 45-day option from the
date of the IPO to purchase up to an aggregate of 4,500,000 additional Units at the public offering price less the underwriting commissions
to cover over-all