Company: CSTAF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044280
Chunk: 91

Company: Constellation Acquisition Corp I
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 91
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 be equal to 115% of
the higher of the market value and the Newly Issued Price, and the $10.00 and $18.00 per share redemption trigger prices adjacent to “Redemption
of warrants for Class A ordinary shares when the price per Class A ordinary share equals or exceeds $10.00.” and “Redemption
of warrants for Class A ordinary shares when the price per Class A ordinary share equals or exceeds $18.00.” will be adjusted (to
the nearest cent) to be equal to 100% and 180% of the higher of the market value and the Newly Issued Price, respectively.

The Company will not be obligated to deliver any
Class A ordinary shares pursuant to the exercise of a warrant and will have no obligation to settle such warrant exercise unless
a registration statement under the Securities Act with respect to Class A ordinary shares underlying the warrants is then effective
and a prospectus is current. No warrant will be exercisable and the Company will not be obligated to issue Class A ordinary shares
upon exercise of a warrant unless Class A ordinary shares issuable upon such warrant exercise has been registered, qualified or deemed
to be exempt under the securities laws of the state of residence of the registered holder of the warrants. In no event will the Company
be required to net cash settle any warrant. In the event that a registration statement is not effective for the exercised warrants, the
purchaser of a Unit containing such warrant will have paid the full purchase price for the Unit solely for the Class A ordinary shares
underlying such Unit.

Redemptions of warrants for cash when the price
per Class A ordinary share equals or exceeds $18.00.

Once the warrants become exercisable, the
Company may call the warrants for redemption (except as described herein with respect to the Private Placement Warrants): 

    ● in whole and not in part;           ● at a price of $0.01 per warrant;           ● upon a minimum of 30 days’ prior written notice of redemption to each warrant holder; and           ● if, and only if, the closing price of the Class A ordinary shares equals or exceeds $18.00 per share (as adjusted for share sub-divisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within a 30-trading day period ending on the third trading day prior to