Company: CSTAF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110128
Chunk: 38

Company: Constellation Acquisition Corp I
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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partners of the Old Sponsor transferred all of their limited partnership interests to the Sponsor. On January 26, 2023, the Old Sponsor
was liquidated pursuant to applicable law by the retirement of the general partner of the Old Sponsor (the second to last partner of
the Old Sponsor) and all Securities held by the Old Sponsor were distributed by operation of law to its sole remaining limited partner,
the Sponsor, following which, on January 30, 2023, control of the Sponsor was transferred to affiliates of Antarctica Capital Partners,
LLC, including Antarctica Endurance Manager, LLC, the general partner of the Sponsor.

The Investment Agreement contains customary representations
and warranties of the parties, including, among others, with respect to corporate organization, corporate authority, and compliance with
applicable laws. The representations and warranties of each party set forth in the Investment Agreement were made solely for the benefit
of the other parties to the Investment Agreement, and shareholders of the Company are not third-party beneficiaries of the Investment
Agreement. In addition, such representations and warranties (a) are subject to materiality and other qualifications contained in the
Investment Agreement, which may differ from what may be viewed as material by shareholders of the Company, (b) were made only as of the
date of the Investment Agreement or such other date as is specified in the Investment Agreement and (c) may have been included in the
Investment Agreement for the purpose of allocating risk between the parties rather than establishing matters as facts. Accordingly, the
Investment Agreement is included with this filing only to provide shareholders of the Company with information regarding the terms of
the Investment Agreement, and not to provide shareholders of the Company with any other factual information regarding any of the parties
or their respective businesses.

Letter Agreement

On January 30, 2023, the Company, the Old Sponsor,
certain officers and directors of the Company, and other parties thereto (the “Insiders,” and together with the Old Sponsor,
the “Letter Agreement Parties”) entered into an amendment to the Letter Agreement to allow the Old Sponsor to transfer its
holdings in the Company, directly or indirectly, to affiliate(s) of Antarctica Capital Partners, LLC, prior to the expiration of the applicable
lock-up. In connection with the resignation of certain Insiders, the Letter Agreement Parties agreed that all Insiders that have resigned
from their positions as officers and/or directors of the Company and that no longer hold Class B ordinary shares shall no longer be parties
to the Letter