Company: CSTAF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110128
Chunk: 107

Company: Constellation Acquisition Corp I
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 107
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 are subject to materiality and other qualifications contained in the
Investment Agreement, which may differ from what may be viewed as material by shareholders of the Company, (b) were made only as of the
date of the Investment Agreement or such other date as is specified in the Investment Agreement and (c) may have been included in the
Investment Agreement for the purpose of allocating risk between the parties rather than establishing matters as facts. Accordingly, the
Investment Agreement is included with this filing only to provide shareholders of the Company with information regarding the terms of
the Investment Agreement, and not to provide shareholders of the Company with any other factual information regarding any of the parties
or their respective businesses.

Letter Agreement

On January 30, 2023, the Company, the Old Sponsor,
certain officers and directors of the Company, and other parties thereto (the “Insiders,” and together with the Old Sponsor,
the “Letter Agreement Parties”) entered into an amendment to the Letter Agreement to allow the Old Sponsor to transfer its
holdings in the Company, directly or indirectly, to affiliate(s) of Antarctica Capital Partners, LLC, prior to the expiration of the applicable
lock-up. In connection with the resignation of certain Insiders, the Letter Agreement Parties agreed that all Insiders that have resigned
from their positions as officers and/or directors of the Company and that no longer hold Class B ordinary shares shall no longer be parties
to the Letter Agreement.

Note 7 — Shareholders’ Deficit

Preference shares — The Company
is authorized to issue a total of 1,000,000 preference shares at par value of $0.0001 each (the “Preference Shares”).
At September 30, 2025 and December 31, 2024, there were no Preference Shares issued or outstanding.

Class A ordinary shares
— The Company is authorized to issue a total of 200,000,000 Class A ordinary shares. As of September 30,
2025 and December 31, 2024, there were 7,600,000 and no shares issued and outstanding, excluding 64,302 and 2,367,684
shares subject to possible redemption, respectively.

Class B ordinary shares —
The Company is authorized to issue a total of 20,000,000 Class B ordinary shares. On January 30, 2024, the Sponsor converted
an aggregate of 7,600,000 Class B ordinary shares into Class