Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 380

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1B
Chunk 380
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3 Articles Amendment with the Registrar of Companies of the Cayman Islands.

In connection with the vote at the 2023 Shareholder Extension Meeting,
the holders of 26,506,157 Class A ordinary shares of the Company properly exercised their right to redeem their shares for an aggregate
price of approximately $10.167 per share, for an aggregate redemption amount of approximately $269,485,746. After the satisfaction of
such redemptions, the balance in our Trust Account was approximately $46,138,503. On February 13, 2023, a total of $46,600,678.12 (the
remaining trust balance), was placed in a U.S.-based trust account at Citibank, N.A., maintained by Continental Stock Transfer & Trust
Company, acting as trustee.

In connection with the closing of the transactions contemplated by
the Investment Agreement, on January 26, 2023, the Old Sponsor underwent a reorganization pursuant to which the limited 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 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 Old Sponsor was transferred to affiliates of Antarctica Capital Partners, LLC.

On December 20, 2023, the board approved the voluntary delisting of
its Class A ordinary shares, public warrants and units from the NYSE, and on January 16, 2024, the Company began trading its Class A
ordinary shares and Units on OTCQX® Best Market under the symbols “CSTAF” and “CSTUF,” respectively,
and its public warrants on the OTCQB® Venture Market under the symbol “CSTWF.”

57

On January 29, 2024, the Company held the 2024 Shareholder Meeting
(A) to amend, by way of special resolution, the Company’s amended and restated memorandum and articles of association to extend
the Termination Date by which the Company has to consummate a Business Combination from January 29, 2024 to February 29, 2024 and to
allow the Company, without another shareholder vote, to elect to extend the Termination