Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 377

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1B
Chunk 377
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satisfaction of such redemptions, the balance in our Trust Account was $46,138,503.

On January 29, 2024, we held the 2024 Shareholder Meeting to, in part,
amend our amended and restated memorandum and articles of association to extend the date by which we have to consummate a Business Combination.
In connection with that vote, the holders of 2,126,159 Class A ordinary shares of the Company properly exercised their right to redeem
their shares for an aggregate price of approximately $11.13 per share, for an aggregate redemption amount of $23,671,533. After the satisfaction
of such redemptions, the balance in our Trust Account was $26,415,545.

On January 27, 2025, we held the 2025 Shareholder Meeting to, in part,
amend our amended and restated memorandum and articles of association to extend the date by which we have to consummate a Business Combination.
In connection with that vote, the holders of 2,303,382 Class A ordinary shares properly exercised their right to redeem their shares for
cash at a redemption price of approximately $11.91 per share, for an aggregate redemption amount of $27,428,399. After the satisfaction
of such redemptions, the balance in our Trust Account was approximately $778,970.65.

Item 6. [Reserved].

Item 7. Management’s Discussion
and Analysis of Financial Condition and Results of Operations

The following discussion and analysis of the Company’s financial
condition and results of operations should be read in conjunction with our audited financial statements and the notes related thereto
which are included in “Item 8. Financial Statements and Supplementary Data” of this Annual Report on Form 10-K. Certain information
contained in the discussion and analysis set forth below includes forward-looking statements. Our actual results may differ materially
from those anticipated in these forward-looking statements as a result of many factors, including those set forth under “Cautionary
Note Regarding Forward-Looking Statements and Risk Factor Summary,” “Item 1A. Risk Factors” and elsewhere in this Annual
Report.

Overview

We are a blank check company incorporated in Cayman Islands on November
20, 2020. We were formed for the purpose of effecting a Business Combination.

Our sponsor is Constellation Sponsor LP, a Delaware limited partnership.
The registration statement for the Initial Public Offering was declared effective on January 26,