Company: CSTAF
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0001213900-25-002661
Chunk: 5

Company: Constellation Acquisition Corp I
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 5
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 does not complete a Business Combination on or before the Termination Date. If the Extension Amendment Proposal and the Founder Share Amendment Proposal are not approved, and a Business Combination is not completed on or before the Termination Date, Constellation will: (i) cease all operations except for the purpose of winding up; (ii) as promptly as reasonably possible but not more than ten business days thereafter, redeem the Public Shares, at a per -shareprice, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to Constellation (less taxes payable and up to US$100,000 of interest to pay dissolution expenses), divided by the total number of the then -outstandingPublic Shares, which redemption will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any); and (iii) as promptly as reasonably possible following such redemption, subject to the approval of Constellation’s remaining shareholders and the Board, liquidate and dissolve, subject in each case to Constellation’s obligations under Cayman Islands law to provide for claims of creditors and other requirements of applicable law. There will be no distribution from the Trust Account with respect to Constellation’s Warrants (as defined below), which will expire worthless in the event Constellation dissolves and liquidates the Trust Account. Subject to the foregoing, the approval of each of the Extension Amendment Proposal and the Founder Share Amendment Proposal require a special resolution under Cayman Islands law, being the affirmative vote of at least a two -thirds(2/3) majority of the votes cast by the holders of Class A Ordinary Shares and Class B Ordinary Shares voting as a single class, who are present in person or represented by proxy and entitled to vote thereon, and who vote thereon, at the Shareholder Meeting. On January 16, 2024, Constellation voluntarily delisted its Class A Ordinary Shares, redeemable warrants, each one whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 (the “ Warrants”), and units, each consisting of one Class A Ordinary Share and one -thirdof one redeemable warrant (the “ Units” and together with the Ordinary Shares and the Warrants, the “ Securities”), from the New York Stock Exchange and began trading its Securities on OTC. The Class A Ordinary Shares are quoted on the OTCQX under its trading symbol “CSTAF,” the