Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 6

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1
Chunk 6
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 fair market value
of the target business meets the 80% of net assets test, unless such opinion includes material information regarding the valuation of
a target business or the consideration to be provided, it is not anticipated that copies of such opinion would be distributed to our
shareholders. However, if required under applicable law, any proxy statement that we deliver to shareholders and file with the U.S. Securities
and Exchange Commission (the “SEC”) in connection with a proposed transaction will include such opinion.

3

We currently anticipate structuring our Business Combination so that
the post-Business Combination company in which our public shareholders own shares will own or acquire 100% of the equity interests or
assets of the target business or businesses. We may, however, structure our Business Combination such that the post-Business Combination
company owns or acquires less than 100% of such interests or assets of the target business in order to meet certain objectives of the
target management team or shareholders or for other reasons, as described above, but we will only complete such Business Combination
if the post-Business Combination company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise
acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment
Company Act of 1940, as amended (the “Investment Company Act”). Even if the post-Business Combination company owns or acquires
50% or more of the voting securities of the target, our shareholders prior to the Business Combination may collectively own a minority
interest in the post-Business Combination company, depending on valuations ascribed to the target and us in the Business Combination
transaction. For example, we could pursue a transaction in which we issue a substantial number of new shares in exchange for all of the
outstanding capital stock, shares or other equity interests of a target. In this case, we would acquire a 100% controlling interest in
the target. However, as a result of the issuance of a substantial number of new shares, our shareholders immediately prior to the completion
of our Business Combination could own less than a majority of our issued and outstanding shares subsequent to our Business Combination.
If less than 100% of the equity interests or assets of a target business or businesses are owned or acquired by the post-Business Combination
company, the portion of such business or businesses that is owned or acquired is what will be valued for purposes of the 80% of net assets