Company: CSTAF
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0001213900-25-002661
Chunk: 35

Company: Constellation Acquisition Corp I
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 35
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ellation proposing the Founder Share Amendment Proposal? A:Constellation’s Memorandum and Articles of Association provides that, after the Initial Public Offering, and prior to the consummation of an initial Business Combination, the Company cannot issue additional shares or any other securities that would entitle holders thereof to (a) receive funds from the Trust Account or (b) vote as a class with Public Shares (i) on the Company’s initial Business Combination or on any other proposal presented prior to or in connection with the completion of an initial Business Combination; or (ii) to approve an amendment to the Memorandum and Articles of Association to (x) extend the time the Company has to consummate a business combination beyond 24 months from the closing of the Initial Public Offering or (y) amend Article 49.10. The purpose of the Founder Share Amendment Proposal is to permit for the issuance of Class A Ordinary Shares to holders of the Company’s Class B Ordinary Shares, upon the exercise of the right of a holder of the Class B Ordinary Shares to convert such holder’s Class B Ordinary Shares into Class A Ordinary Shares on a one -for -onebasis at any time and from time to time prior to the closing of an initial Business Combination at the election of the holder. Without the Founder Share Amendment, Constellation believes that it will not have sufficient share capital to maintain the trading requirements of OTC and will not be able to complete a Business Combination on or before the Termination Date. If that were to occur, Constellation would be forced to liquidate. Q:Why is Constellation proposing the Adjournment Proposal? A:If (i) either the Extension Amendment Proposal or the Founder Share Amendment Proposal is not approved by Constellation’s shareholders, (ii) due to redemptions in connection with the Articles Extension, Constellation would not adhere to the continued trading requirements of the OTC or (iii) the Board has determined it is otherwise necessary, Constellation may put the Adjournment Proposal to a vote in order to seek additional time to obtain sufficient votes in support of the Extension Amendment Proposal and the Founder Share Amendment Proposal or to allow public shareholders time to reverse their redemption requests with the Articles Extension. If the Adjournment Proposal is not approved by Constellation’s shareholders, the Board may not be able to adjourn the Shareholder Meeting to a later date or dates in the event that there are insufficient votes at the Shareholder Meeting to approve the Extension Amendment Proposal or the Founder Share Amendment Proposal or if due to redemptions in connection