Company: CSTAF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044280
Chunk: 100

Company: Constellation Acquisition Corp I
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 100
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 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 Agreement.

Note 7 — Shareholders’ Deficit

Preference shares — The Company
is authorized to issue a total of 1,000,000 preference shares at par value of $0.0001 each (the “Preference Shares”).
On March 31, 2025 and December 31, 2024, there were no Preference Shares issued or outstanding.

Class A ordinary shares — The Company is authorized to issue a total of 200,000,000 Class A ordinary
shares. On March 31, 2025 and December 31, 2024, there were 7,600,000 and no shares issued and outstanding, excluding 64,302
and 2,367,684 shares subject to possible redemption, respectively.

Class B ordinary shares —
The Company is authorized to issue a total of 20,000,000 Class B ordinary shares. On January 30, 2024, the Sponsor converted
an aggregate of 7,600,000 Class B ordinary shares into Class A ordinary shares on a one-for-one basis. On March 31, 2025 and December
31, 2024, there were 150,000 shares issued and outstanding.

The Sponsor, officers and directors have agreed
not to transfer, assign or sell any of their Founder Shares until the earlier to occur of