Company: CSTAF
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0001213900-25-002661
Chunk: 22

Company: Constellation Acquisition Corp I
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 22
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 price movement may outpace the ability to deliver accurate quote information. Due to lower trading volumes of our securities, there may be a lower likelihood that orders for shares of our units or Clas s AOrdinary Shares will be executed. NYSE delisted Constellation’s securities from its exchange after Constellation’s voluntary request which could limit investors’ ability to make transactions in its securities and subject Constellation to additional trading restrictions. On December 20, 2023, Constellation announced its intention to voluntarily delist its Class A Ordinary Shares, redeemable warrants, each one whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 (the “ Warrants”), and units, each consisting of one Class A Ordinary Share and one -thirdof one redeemable warrant (the “ Units” and together with the Ordinary Shares (as defined below) and the Warrants, the “ Securities” or “ securities”), from NYSE and its filing of an application to have its Securities quoted on the OTCQX. The Board approved the voluntary delisting on December 20, 2023 and the Company provided notice of the voluntary delisting to NYSE on December 20, 2023. On January 16, 2024, Constellation voluntarily delisted its Securities from NYSE and began trading its Securities on OTCQX. The Ordinary Shares are quoted on the OTCQX under its trading symbol “CSTAF,” the Warrants are quoted on the OTCQB® Venture Market (“ OTCQB” and with OTCQX, “ OTC”) under its trading symbol “CSTWF” and the Units are quoted on the OTCQX under its trading symbol “CSTUF.” On OTC, Constellation remains subject to the periodic reporting requirements of the U.S. Securities Exchange Act of 1934, as amended. Shareholders of Constellation will not be required to exchange any Securities, and the Company expects electronic trading to be available without any material disruption. Since our Securities trade on OTC, we could face significant material adverse consequences, including: •a limited availability of market quotations for our securities; •reduced liquidity for our securities; •a determination that our Public Shares are “penny stocks” which will require brokers trading in our securities to adhere to more stringent rules, including being subject to the depository requirements of Rule 419 of the Securities Act, and possibly result in a reduced level of trading activity in the secondary trading market for our securities