Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 934

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 5
Chunk 934
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,000 per month. In addition,
our Sponsor, executive officers and directors, or any of their respective affiliates will be reimbursed for any out-of- pocket expenses
incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable
Business Combinations. Our audit committee will review on a quarterly basis all payments that were made by us to our Sponsor, executive
officers or directors, or our or their affiliates. Any such payments prior to a Business Combination will be made using funds held outside
the Trust Account. Other than quarterly audit committee review of such reimbursements, we do not expect to have any additional controls
in place governing our reimbursement payments to our directors and executive officers for their out-of-pocket expenses incurred in connection
with our activities on our behalf in connection with identifying and consummating a Business Combination. Other than these payments and
reimbursements, no compensation of any kind, including finder’s and consulting fees, will be paid by the company to our Sponsor,
executive officers and directors, or any of their respective affiliates, prior to completion of our Business Combination.

After the completion of our Business Combination, directors or members
of our team who remain with us may be paid consulting or management fees from the combined company. All of these fees will be fully disclosed
to shareholders, to the extent then known, in the proxy solicitation materials or tender offer materials furnished to our shareholders
in connection with a proposed Business Combination. We have not established any limit on the amount of such fees that may be paid by
the combined company to our directors or members of management. It is unlikely the amount of such compensation will be known at the time
of the proposed Business Combination, because the directors of the post-combination business will be responsible for determining executive
officer and director compensation. Any compensation to be paid to our executive officers will be determined, or recommended to the board
of directors for determination, either by a compensation committee constituted solely by independent directors or by a majority of the
independent directors on our board of directors.

68

We do not intend to take any action to ensure that members of our team
maintain their positions with us after the consummation of our Business Combination, although it is possible that some or all of our executive
officers and directors may negotiate employment or consulting arrangements to remain with us after our Business Combination. The existence
or terms of any such employment or consulting arrangements to retain their positions with us may influence our team’s