Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 14

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1
Chunk 14
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 obligations to present such Business Combination opportunity
to such entity, subject to their fiduciary duties under Cayman Islands law. All of our executive officers currently have certain relevant
fiduciary duties or contractual obligations that may take priority over their duties to us. In addition, we may pursue an acquisition
opportunity with an entity to which an officer or director has a fiduciary or contractual obligation. Any such entity may co-invest with
us in the target business at the time of our Business Combination, or we could raise additional proceeds to complete the acquisition
by issuing to such entity a class of equity or equity-linked securities. 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 transaction or matter which may be a corporate opportunity for any director or officer, on the one hand,
and us, on the other. We do not believe, however, that the fiduciary duties or contractual obligations of our officers or directors will
materially affect our ability to complete our Business Combination. See “Item 1. Business-Conflicts of Interest.”

Evaluation of a Target Business and Structuring of Our Business
Combination

In evaluating a prospective target business, we expect to conduct
a thorough due diligence review which may encompass, among other things, meetings with incumbent management and employees, document reviews,
interviews of customers and suppliers, inspection of facilities, market analysis, as well as a review of financial, operational, legal
and other information which will be made available to us. If we determine to move forward with a particular target, we will proceed to
structure and negotiate the terms of the Business Combination transaction.

The time required to identify and evaluate a target business and to
structure and complete our Business Combination, and the costs associated with this process, are not currently ascertainable with any
degree of certainty. Any costs incurred with respect to the identification and evaluation of, and negotiation with, a prospective target
business with which our Business Combination is not ultimately completed will result in our incurring losses and will reduce the funds
we can use to complete another Business Combination. The company will