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

Company: Constellation Acquisition Corp I
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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 of (i) $10.00 per Public Share
and (ii) the actual amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account, if less
than $10.00 per share due to reductions in the value of the trust assets, less taxes payable, provided that such liability will not apply
to any claims by a third party or prospective target business who executed a waiver of any and all rights to the monies held in the Trust
Account (whether or not such waiver is enforceable) nor will it apply to any claims under the Company’s indemnity of the underwriters
of the IPO against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”).
However, the Company has not asked its Sponsor to reserve for such indemnification obligations, nor has the Company independently verified
whether its Sponsor has sufficient funds to satisfy its indemnity obligations and believe that the Company’s Sponsor’s only
assets are Securities of the Company. Therefore, the Company cannot assure that its Sponsor would be able to satisfy those obligations.

On January 26, 2023, the Old Sponsor underwent
a reorganization pursuant to which the limited partners of the Old Sponsor transferred all of their limited partnership interests to
Constellation Sponsor LP, a Delaware limited partnership (the “Sponsor”). On January 26, 2023, the Old Sponsor liquidated
pursuant to applicable law by the retirement of the general partner of the Old Sponsor (the second to last partner of the Sponsor) and
all Securities held by the Old Sponsor were distributed by operation of law to its sole remaining limited partner, the Sponsor, following
which, on January 30, 2023, control of the Sponsor was transferred to affiliates of Antarctica Capital Partners, LLC, including Antarctica
Endurance Manager, LLC the current general partner of the Sponsor.

On January 27, 2023, the Company held an extraordinary
general meeting of shareholders of the Company (the “Extension Meeting”) to amend the Company’s amended and restated
memorandum and articles of association (the “2023 Articles Amendment”) to extend the date by which the Company has to consummate
a Business Combination (the “Termination Date”) from January 29, 2023 (the “2023 Original Termination Date”)
to April 29, 2023 (the “2023 Articles Extension Date”) and to allow the Company, without another shareholder