Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 258

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1A
Chunk 258
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and restated memorandum and articles of association governing the appointment or removal of directors prior to our Business Combination
may only be amended by a special resolution passed by holders representing at least two-thirds of our issued and outstanding Class B ordinary
shares. Our initial shareholders, and their permitted transferees, if any, who collectively beneficially own, on an as-converted basis,
approximately 99.16% of our Class A ordinary shares following the 2025 Shareholder Meeting, will participate in any vote to amend our
amended and restated memorandum and articles of association and/or trust agreement and will have the discretion to vote in any manner
they choose. As a result, we may be able to amend the provisions of our amended and restated memorandum and articles of association which
govern our pre-Business Combination behavior more easily than some other blank check companies, and this may increase our ability to complete
a Business Combination with which you do not agree. Our shareholders may pursue remedies against us for any breach of our amended and
restated memorandum and articles of association.

Our Sponsor, executive officers, directors and director nominees have
agreed, pursuant to a written agreement with us, that they will not propose any amendment to our amended and restated memorandum and articles
of association (A) that would modify the substance or timing of our obligation to provide holders of our Class A ordinary shares the right
to have their shares redeemed in connection with our Business Combination or to redeem 100% of our public shares if we do not complete
our Business Combination by the Termination Date, or (B) with respect to any other provision relating to the rights of holders of our
Class A ordinary shares or pre-Business Combination activity; unless we provide our public shareholders with the opportunity to redeem
their Class A ordinary shares upon approval of any such amendment at a per-share price, payable in 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, divided by the number of the then-outstanding public shares. Our shareholders are not parties to,
or third-party beneficiaries of, this agreement and, as a result, will not have the ability to pursue remedies against our Sponsor, executive
officers, directors or director nominees for any breach of this agreement. As a result, in the event of a breach, our shareholders would
need to pursue a shareholder derivative action, subject to applicable