Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 7

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1
Chunk 7
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test. If the Business Combination involves more than one target business, the 80% of net assets test will be based on the aggregate value
of all of the target businesses and we will treat the target businesses together as the Business Combination for purposes of a tender
offer or for seeking shareholder approval, as applicable.

We are not prohibited from pursuing a Business Combination or subsequent
transaction with a company that is affiliated with our Sponsor or any member of our team. In the event we seek to complete our Business
Combination with a company that is affiliated with our Sponsor or any of our founders, officers or directors, we, or a committee of independent
directors, will obtain an opinion from an independent investment banking firm or an independent valuation or accounting firm that such
Business Combination or transaction is fair to our company from a financial point of view.

Members of our board directly or indirectly own founder shares and
private placement warrants following the IPO and, accordingly, may have a conflict of interest in determining whether a particular target
business is an appropriate business with which to effectuate our Business Combination. Further, each of our officers and directors may
have a conflict of interest with respect to evaluating a particular Business Combination if the retention or resignation of any such
officers or directors were to be included by a target business as a condition to any agreement with respect to our Business Combination.

In addition, certain of our founders, officers and directors presently
have, and any of them in the future may have additional, fiduciary and contractual duties to other entities, including without limitation,
investment funds, accounts and co-investment vehicles. Accordingly, subject to their fiduciary duties under Cayman Islands law, if any
of our officers or directors becomes aware of an acquisition opportunity which is suitable for an entity to which they have then current
fiduciary or contractual obligations, they will need to honor their fiduciary or contractual obligations to present such acquisition
opportunity to such entity, and only present it to us if such entity rejects the opportunity. Our amended and restated memorandum and
articles of association provide that, to the fullest extent permitted by applicable law: (i) no individual serving as a director or an
officer shall have any duty, except and to the extent expressly assumed by contract, to refrain from engaging directly or indirectly
in the same or similar business activities or lines of business as us; and (ii) we renounce any interest or expectancy in, or in being
offered an opportunity to participate in, any potential