Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 131

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1
Chunk 131
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 any public
shares purchased during or after the IPO in connection with (i) the completion of our Business Combination and (ii) a shareholder vote
to approve an amendment to our amended and restated memorandum and articles of association (A) that would modify the substance or timing
of our obligation to provide holders of our Class A ordinary shares the right to have their shares redeemed in connection with our Business
Combination or to redeem 100% of our public shares if we do not complete our Business Combination by the Termination Date, or (B) with
respect to any other provision relating to the rights of holders of our Class A ordinary shares or pre-Business Combination activity.
Additionally, our Sponsor has agreed to waive its rights to liquidating distributions from the Trust Account with respect to its founder
shares if we fail to complete our Business Combination within the required time period. If we do not complete our Business Combination
within the required time period, the private placement warrants and the underlying securities will expire worthless. Except as described
herein, our Sponsor and our team have agreed not to transfer, assign or sell any of their founder shares until the earliest of (A) one
year after the completion of our Business Combination and (B) subsequent to our Business Combination, (x) if the closing price of our
Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share capitalizations, reorganizations,
recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after our Business
Combination, or (y) the date on which we complete a liquidation, merger, share exchange, reorganization or other similar transaction that
results in all of our public shareholders having the right to exchange their ordinary shares for cash, securities or other property. With
certain limited exceptions, private placement warrants and the Class A ordinary shares underlying such warrants, will not be transferable
until 30 days following the completion of our Business Combination. Because each of our executive officers and director nominees will
own ordinary shares or warrants directly or indirectly, they may have a conflict of interest in determining whether a particular target
business is an appropriate business with which to effectuate our Business Combination.

●Our officers, directors and external advisors may have a conflict of interest with respect to evaluating a particular Business Combination
if the retention or resignation of any such officers, directors and advisors was included by a target business as a condition