Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 1264

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 7A
Chunk 1264
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3 Articles
Extension Date”) and to allow the Company, without another shareholder vote, to elect to extend the Termination Date to consummate
a Business Combination on a monthly basis for up to nine times by an additional one month each time after the 2023 Articles Extension
Date, by resolution of the Company’s Board if requested by the Sponsor, and upon five days’ advance notice prior to the applicable
Termination Date, or a total of up to twelve (12) months after the 2023 Original Termination Date, unless the closing of the Company’s
initial Business Combination shall have occurred prior to such date (the “2023 Extension Amendment Proposal”). Upon each of
the nine one-month extensions, the Sponsor or one or more of its affiliates, members or third-party designees may contribute to the Company
$150,000 as a loan to be deposited into the Trust Account. The shareholders of the Company approved the 2023 Extension Amendment Proposal
at the Extension Meeting and on January 31, 2023, the Company filed the 2023 Articles Amendment with the Registrar of Companies of the
Cayman Islands. In connection with the Extension Meeting, on January 30, 2023, the Company issued an unsecured promissory note, in the
amount of $3,000,000 to the Sponsor (the “Extension Note”).

In connection with the vote to approve the 2023
Extension Amendment Proposal, the holders of 26,506,157 Class A ordinary shares of the Company properly exercised their right to redeem
their shares for cash at a redemption price of approximately $10.17 per share, for an aggregate redemption amount of approximately $269,485,746.

On April 28, 2023, May 26, 2023, July 3, 2023,
July 28, 2023, August 29, 2023, September 29, 2023, October 26, 2023, November 28, 2023 and December 28, 2023, the Company drew $150,000
on each date, as approved by unanimous director resolution, dated April 24, 2023, pursuant to the Extension Note, which funds the Company
deposited into the Trust Account for its public shareholders. This deposit enabled the Company to extend the date by which it must complete
its initial Business Combination from April 29, 2023 to January 29, 2024. These extensions