Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 3

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1
Chunk 3
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”) (A) to amend, by way of special resolution, the Company’s amended
and restated memorandum and articles of association (the “2024 Articles Amendment”) to extend the Termination Date by which
the Company has to consummate a Business Combination from January 29, 2024 (the “Original Termination Date”) to February
29, 2024 (the “2024 Articles Extension Date”) and to allow the Company, without another shareholder vote, to elect to extend
the Termination Date to consummate a Business Combination on a monthly basis for up to eleven times by an additional one month each time
after the 2024 Articles Extension Date, by resolution of the directors, if requested by the Sponsor, and upon five days’ advance
notice prior to the applicable Termination Date, until January 29, 2025, or a total of up to twelve months after the Original Termination
Date, unless the closing of a Business Combination shall have occurred prior thereto (the “2024 Extension Amendment Proposal”);
and (B) to amend, by way of special resolution, the Company’s amended and restated memorandum and articles of association to eliminate
from the amended and restated memorandum and articles of association the limitation that the Company may not redeem Class A ordinary
shares to the extent that such redemption would result in the Company having net tangible assets (as determined in accordance with Rule
3a51-1(g)(1) of the Securities Exchange Act of 1934, as amended), of less than $5,000,001 (the “Redemption Limitation”) in
order to allow the Company to redeem Public Shares irrespective of whether such redemption would exceed the Redemption Limitation (such
proposal the “2024 Redemption Limitation Amendment Proposal”). The shareholders of the Company approved the 2024 Extension
Amendment Proposal and the 2024 Redemption Limitation Amendment Proposal at the 2024 Shareholder Meeting and on January 30, 2024, the
Company filed the 2024 Articles Amendment with the Registrar of Companies of the Cayman Islands.

In connection with that vote to approve the 2024 Extension Amendment
Proposal and the 2024 Redemption Limitation Amendment Proposal, the holders of 2,126,159 Class A ordinary shares properly exercised their
right to redeem their shares for an aggregate price of approximately $11.13 per share, for an aggregate redemption amount of $23,671,533.
After the satisfaction of such redemptions, the balance