Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 1035

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 6
Chunk 1035
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 the completion of a Business Combination, any vacancy on the
board of directors may be filled by a nominee chosen by holders of a majority of our founder shares. In addition, prior to the completion
of a Business Combination, holders of a majority of our founder shares may remove a member of the board of directors for any reason.

Pursuant to an agreement entered into prior to the closing of the IPO,
our Sponsor, upon and following consummation of a Business Combination, will be entitled to nominate three individuals for appointment
to our board of directors, as long as the Sponsor holds any securities covered by the registration and shareholder rights agreement.

Our officers are appointed by the board of directors and serve at the
discretion of the board of directors, rather than for specific terms of office. Our board of directors is authorized to appoint persons
to the offices set forth in our amended and restated memorandum and articles of association as it deems appropriate. Our amended and restated
memorandum and articles of association provides that our officers may consist of one or more chairman of the board, chief executive officer,
chief financial officer, chief business officer, president, vice presidents, secretary, treasurer and such other offices as may be determined
by the board of directors.

Director Independence

The rules of OTCQX® Best Market and OTCQB® Venture Market require
that two members of our board of directors be independent. An “independent director” is defined generally means a person other
than an executive officer or employee of the Company or any other individual having a relationship which, in the opinion of the Company’s
board of directors, would interfere with the exercise of independent judgment in carrying out the responsibilities of a director. Heiko
Faass, Nicole Schepanek and Bob Stefanowski are our independent directors, as defined in the OTCQX® Best Market and OTCQB® Venture
Market listing standards and applicable SEC rules. Our independent directors have regularly scheduled meetings at which only independent
directors are present.

Executive Officer and Director Compensation

None of our executive officers or directors have received any cash
compensation for services rendered to us, other than $25,000 that was paid to each of our independent directors in 2023 for their role
on a special committee to consider a potential business combination. Commencing on the date that our securities were first listed on NYSE
through the earlier of consummation of our Business Combination and our liquidation, we will reimburse our Sponsor for office space, secret