Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 381

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1B
Chunk 381
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 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 2024 Original Termination Date, unless the closing of a Business Combination
shall have occurred prior thereto; 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 in order
to allow the Company to redeem Public Shares irrespective of whether such redemption would exceed the Redemption Limitation. 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 cash at a redemption price of approximately $11.13 per share, for an aggregate redemption amount of
approximately $23,671,533. After the satisfaction of such redemptions and receipt of the initial deposit of $55,000 to the Trust account,
the balance in our Trust Account was $26,415,545.

On January 30, 2024, the Sponsor converted an aggregate of 7,600,000
Class B ordinary shares into Public Shares on a one-for-one basis. The Sponsor waived any right to receive funds from the Trust Account
with respect to the Public Shares received upon such conversion and acknowledged that such shares will be subject to all of the restrictions
applicable to the original Class B ordinary shares under the terms of the Letter Agreement.

During 2024, the Board of the Company