Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 420

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1B
Chunk 420
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 to such loans.
We do not expect to seek loans from parties other than our Sponsor, members of our team or any of their affiliates as we do not believe
third parties will be willing to loan such funds and provide a waiver against any and all rights to seek access to funds in our Trust
Account.

79

After our Business Combination, members of our team who remain with
us may be paid consulting, management or other fees from the combined company with any and all amounts being fully disclosed to our shareholders,
to the extent then known, in the tender offer or proxy solicitation materials, as applicable, furnished to our shareholders. It is unlikely
the amount of such compensation will be known at the time of distribution of such tender offer materials or at the time of a general meeting
held to consider our Business Combination, as applicable, as it will be up to the directors of the post-combination business to determine
executive and director compensation.

We have entered into a registration and shareholder rights agreement
pursuant to which our initial shareholders, and their permitted transferees, if any, will be entitled to certain registration rights with
respect to the private placement warrants, the securities issuable upon conversion of working capital loans (if any) and the Class A ordinary
shares issuable upon exercise of the foregoing and upon conversion of the founder shares. Further, pursuant to an agreement to be entered
into prior to the closing of the IPO, our Sponsor, upon and following consummation of a Business Combination, will be entitled to nominate
three individuals for appointment to our board of directors, as long as the Sponsor holds any securities covered by the registration and
shareholder rights agreement.

Policy for Approval of Related Party Transactions

The audit committee of our board of directors has adopted a policy
providing for the review, approval and/or ratification of “related party transactions,” which are those transactions required
to be disclosed pursuant to Item 404 of Regulation S-K as promulgated by the SEC, by the audit committee. At its meetings, the audit committee
shall be provided with the details of each new, existing, or proposed related party transaction, including the terms of the transaction,
any contractual restrictions that the company has already committed to, the business purpose of the transaction, and the benefits of the
transaction to the company and to the relevant related party. Any member of the committee who has an interest in the related party transaction
under review by the committee shall abstain from voting on the approval of the related party