Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 357

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1A
Chunk 357
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 the Company with information regarding the terms of the Investment Agreement,
and not to provide shareholders of the Company with any other factual information regarding any of the parties or their respective businesses.

Letter Agreement

On January 30, 2023, the Company, the Old Sponsor,
certain officers and directors of the Company, and other parties thereto (the “Insiders,” and together with the Old Sponsor,
the “Letter Agreement Parties”) entered into an amendment to the Letter Agreement to allow the Old Sponsor to transfer its
holdings in the Company, directly or indirectly, to affiliate(s) of Antarctica Capital Partners, LLC prior to the expiration of the applicable
lock-up. In connection with the resignation of certain Insiders, the Letter Agreement Parties agreed that all Insiders that have resigned
from their positions as officers and/or directors of the Company and that no longer hold Class B ordinary shares shall no longer be parties
to the Letter Agreement.

Note 7 — Shareholders’ Deficit

Preference shares — The Company
is authorized to issue a total of 1,000,000 preference shares at par value of $0.0001 each (the “Preference Shares”).
On December 31, 2024 and 2023, there were no Preference Shares issued or outstanding.

Class A ordinary shares —
The Company is authorized to issue a total of 200,000,000 Class A ordinary shares. On December 31, 2024 and 2023, there
were 7,600,000 and no shares issued and outstanding, excluding 2,367,684 and 4,493,843 shares subject to possible redemption,
respectively.

Class B ordinary shares —
The Company is authorized to issue a total of 20,000,000 Class B ordinary shares. On January 30, 2024, the Sponsor converted
an aggregate of 7,600,000 Class B ordinary shares into Class A ordinary shares on a one-for-one basis. On December 31, 2024 and 2023,
there were 150,000 and 7,750,000 shares issued and outstanding, respectively.

The Sponsor, officers and directors have agreed
not to transfer, assign or sell any of their Founder Shares until the earlier to occur of (i) one year after the date of the consummation
of the initial Business Combination or (ii) subsequent to the initial Business Combination, (x) if the closing price of the Class A ordinary