Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 1119

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 7
Chunk 1119
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 Cayman Islands.

In connection with that vote to approve the 2024 Extension Amendment
Proposal and the 2024 Redemption Limitation Amendment Proposal, the holders of 2,126,159 Class A ordinary shares properly exercised their
right to redeem their shares for cash at a redemption price of approximately $11.13 per share, for an aggregate redemption amount of
approximately $23,671,533. After the satisfaction of such redemptions and receipt of the initial deposit of $55,000 to the Trust account,
the balance in our Trust Account was $26,415,545.

On January 30, 2024, the Sponsor converted an aggregate of 7,600,000
Class B ordinary shares into Public Shares on a one-for-one basis. The Sponsor waived any right to receive funds from the Trust Account
with respect to the Public Shares received upon such conversion and acknowledged that such shares will be subject to all of the restrictions
applicable to the original Class B ordinary shares under the terms of the Letter Agreement.

During 2024, the Board of the Company approved the First 2024 Extension
on February 29, 2024, and the extension committee of the Board approved the Second 2024 Extension, Third 2024 Extension, Fourth 2024 Extension,
Fifth 2024 Extension, Sixth 2024 Extension, Seventh 2024 Extension, Eighth 2024 Extension, Ninth 2024 Extension, Tenth 2024 Extension
and Eleventh 2024 Extension on March 28, 2024, April 29, 2024, May 29, 2024, June 28, 2024, July 23, 2024, August 23, 2024, September
26, 2024, October 29, 2024, November 27, 2024 and December 20, 2024, respectively, resulting in a new Termination Date of January 29,
2025, and the Company drew an aggregate of $660,000 of Extension Funds pursuant to the 2024 Note. The 2024 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 2024 Note will be repaid only from amounts remaining outside of the Trust Account, if any.

On January 27, 2025, the Company held the 2025 Shareholder Meeting
(A) to