Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 1104

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 6
Chunk 1104
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 proxies if, based upon the tabulated vote at the time of the Shareholder Meeting, there are
insufficient Class A ordinary shares and Class B ordinary shares in the capital of Constellation represented (either in person or by proxy)
to approve the 2025 Extension Amendment Proposal and the Founder Share Amendment Proposal, (ii) where Constellation would not adhere to
the initial or continued trading requirements of OTCQX® Best Market and the OTCQB® Venture Market or (iii) where the Board has
determined it is otherwise necessary.

F-25

In connection with the vote to approve the 2025 Extension Amendment
Proposal and the Founder Share Amendment Proposal held on January 27, 2025, the holders of 2,303,382 Class A ordinary shares properly
exercised their right to redeem their shares for cash at a redemption price of approximately $11.91 per share, for an aggregate redemption
amount of approximately $27,428,399. After the satisfaction of such redemptions and receipt of the initial deposit of $5,000 to the Trust
Account, the balance in the Trust Account was approximately $778,970.65 and there are 7,664,302 Class A ordinary shares outstanding, of
which 64,302 Class A ordinary shares are held by the Company’s public shareholders.

On February 25, 2025, the Company drew an aggregate
of $5,000 (the “Extension Funds”), as approved by unanimous director resolution, dated February 25, 2024, pursuant to the
2024 Note (as defined below), which Extension Funds the Company deposited into the Company’s Trust Account for its public shareholders.
This deposit enables the Company to extend the date by which it must complete its initial business combination from February 28, 2025
to March 29, 2025 (the “First 2025 Extension”). The First 2025 Extension is the first of eleven one-month extensions permitted
under the Company’s amended and restated memorandum and articles of association and provides the Company with additional time to
complete its initial business combination. The note does not bear interest and matures upon closing of the Company’s initial business
combination. In the event that the Company does not consummate a business combination, the note will be repaid only from amounts remaining
outside of the Company’s Trust Account, if any.

On March 10, 2025, the
Company’s Class A ordinary shares started trading on the OTC