Company: CSTAF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110128
Chunk: 114

Company: Constellation Acquisition Corp I
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 114
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3 to April 29, 2023 and to allow the Company,
without another shareholder vote, to elect to extend the 2023 Termination Date to consummate a Business Combination on a monthly basis
for up to nine times by an additional one month each time after the 2023 Articles Extension Date, by resolution of the board if requested
by the Sponsor, and upon five days’ advance notice prior to the applicable Termination Date, until January 29, 2024, or a total
of up to twelve months after the 2023 Termination Date, unless the closing of the Company’s Business Combination shall have occurred
prior to such date. The shareholders of the Company approved the 2023 Extension Amendment Proposal at the Extension Meeting and on January
31, 2023, the Company filed the 2023 Articles Amendment with the Registrar of Companies of the Cayman Islands.

In connection with the vote at the Extension
Meeting, the holders of 26,506,157 Class A ordinary shares of the Company properly exercised their right to redeem their shares for an
aggregate price of approximately $10.167 per share, for an aggregate redemption amount of approximately $269,485,746. After the satisfaction
of such redemptions, the balance in our Trust Account was approximately $46,138,503. On February 13, 2023, a total of $46,600,678.12
(the remaining trust balance), was placed in a U.S.-based trust account at Citibank, N.A., maintained by CST, acting as trustee.

In connection with the closing of the transactions
contemplated by the Investment Agreement, on January 26, 2023, the Old Sponsor underwent a reorganization pursuant to which the limited
partners of the Old Sponsor transferred all of their limited partnership interests to the Sponsor. On January 26, 2023, the Old Sponsor
was liquidated pursuant to applicable law by the retirement of the general partner of the Old Sponsor (the second to last partner of
the Sponsor) and all Securities held by the Old Sponsor were distributed by operation of law to its sole remaining limited partner, the
Sponsor, following which, on January 30, 2023, control of the Old Sponsor was transferred to affiliates of Antarctica Capital Partners,
LLC.

On December 20, 2023, the board approved the
voluntary delisting of its Class A ordinary shares, Public Warrants and Units from the NYSE, and on January