Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 657

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 2
Chunk 657
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 twelve months after the 2025
Original Termination Date, unless the closing of a business combination shall have occurred prior thereto (the “2025 Extension Amendment
Proposal”); (B) to amend, by way of special resolution, the Company’s amended and restated memorandum and articles of association
to permit for the issuance of Class A ordinary shares, par value of US$0.0001 per share to holders of the Company’s Class B ordinary
shares, par value of US$0.0001 per share (the “Founder Shares” or “Class B ordinary shares” and together with
the Class A ordinary shares, the “Ordinary Shares”), upon the exercise of the right of a holder of the Class B ordinary shares
to convert such holder’s Class B ordinary shares into Class A ordinary shares on a one-for-one basis at any time and from time to
time prior to the closing of an initial business combination at the election of the holder (the “Founder Share Amendment,”
and such proposal the “Founder Share Amendment Proposal”); and (C) if required, an adjournment proposal to adjourn, by way
of ordinary resolution, the Shareholder Meeting to a later date or dates, if necessary, (i) to permit further solicitation and vote of
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.

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 $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 will be approximately $778,970.65 and there are 7,664,302 Class A ordinary shares