Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 209

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1A
Chunk 209
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 cash, equal to the aggregate amount then
on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to us to
pay our income taxes, if any (less taxes payable), divided by the number of the then-outstanding public shares, which redemption will
completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation distributions,
if any); and (iii) as promptly as reasonably possible following such redemption, subject to the approval of our remaining shareholders
and our board of directors, liquidate and dissolve, subject in each case to the Company’s obligations under Cayman Islands law to
provide for claims of creditors and other requirements of other applicable law. Our amended and restated memorandum and articles of association
provides that, if we wind up for any other reason prior to the consummation of our Business Combination, we will follow the foregoing
procedures with respect to the liquidation of the Trust Account as promptly as reasonably possible but not more than ten business days
thereafter, subject to applicable Cayman Islands law. In either such case, our public shareholders may receive only $10.00 per public
share, or less than $10.00 per public share, on the redemption of their shares, and our warrants will expire worthless. See “Item
1A. Risk Factors-If third parties bring claims against us, the proceeds held in the Trust Account could be reduced and the per-share redemption
amount received by shareholders may be less than $10.00 per public share” and other risk factors herein.

21

If we seek shareholder approval of our Business Combination,
our Sponsor, directors, executive officers, advisors and their affiliates may elect to purchase public shares or warrants, which may influence
a vote on a proposed Business Combination and reduce the public “float” of our Class A ordinary shares or public warrants.

If we seek shareholder approval of our Business Combination and we
do not conduct redemptions in connection with our Business Combination pursuant to the tender offer rules, our Sponsor, directors, executive
officers, advisors or their affiliates may purchase public shares or warrants in privately negotiated transactions or in the open market
either prior to or following the completion of our Business Combination, although they are under no obligation to do so. However, other
than as expressly stated herein, they have no current commitments, plans or intentions to engage in such transactions and have not formulated
any terms or conditions for any such transactions. None of the funds