Company: CSTAF
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074972
Chunk: 98

Company: Constellation Acquisition Corp I
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 8
Chunk 98
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 of less than $9.20 per Class
A ordinary share (with such issue price or effective issue price to be determined in good faith by the Board and, in the case of any such
issuance to the initial shareholders or their affiliates, without taking into account any Founder Shares held by the initial shareholders
or such affiliates, as applicable, prior to such issuance including any transfer or reissuance of such shares (the “Newly Issued
Price”)), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest,
available for the funding of the initial Business Combination, and (z) the volume-weighted average trading price of the Class A ordinary
shares during the ten (10) trading day period starting on the trading day after the day on which the Company consummates the initial Business
Combination is below $9.20 per share, the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of
the higher of the market value and the Newly Issued Price, and the $10.00 and $18.00 per share redemption trigger prices adjacent to “Redemption
of warrants for Class A ordinary shares when the price per Class A ordinary share equals or exceeds $10.00.” and “Redemption
of warrants for Class A ordinary shares when the price per Class A ordinary share equals or exceeds $18.00.” will be adjusted (to
the nearest cent) to be equal to 100% and 180% of the higher of the market value and the Newly Issued Price, respectively.

The Company will not be obligated to deliver any
Class A ordinary shares pursuant to the exercise of a warrant and will have no obligation to settle such warrant exercise unless
a registration statement under the Securities Act with respect to Class A ordinary shares underlying the warrants is then effective
and a prospectus is current. No warrant will be exercisable and the Company will not be obligated to issue Class A ordinary shares
upon exercise of a warrant unless Class A ordinary shares issuable upon such warrant exercise has been registered, qualified or deemed
to be exempt under the securities laws of the state of residence of the registered holder of the warrants. In no event will the Company
be required to net cash settle any warrant. In the event that a registration statement is not effective for the exercised warrants, the
purchaser of a Unit containing such warrant will have paid the full