Company: CSTAF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044280
Chunk: 37

Company: Constellation Acquisition Corp I
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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 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”).
On March 31, 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. On March 31, 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 A ordinary shares on a one-for-one basis. On March 31, 2025 and December
31, 2024, there were 150,000 shares issued and outstanding.

The Sponsor, officers and directors have agreed
not to transfer, assign or sell any of their Founder Shares until the earlier to occur of (i) one year after the date of the consummation
of the initial Business Combination or (ii) subsequent to the initial Business Combination, (x) if the closing price of the Class A ordinary
shares equals or exceeds $12.00 per share (as adjusted for share subdivisions, share capitalizations, reorganizations, recapitalizations
and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after the initial Business Combination,
or (y) the date on which the Company completes a liquidation, merger, share exchange, reorganization or other similar transaction that
results in all of the public shareholders having the right to exchange their ordinary shares for cash, securities or other property.

19

The Founder Shares