Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 1242

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 7A
Chunk 1242
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. However, the registration
and shareholder rights agreement provides that we will not permit any registration statement filed under the Securities Act to become
effective until termination of the applicable lock-up period, which occurs (i) in the case of the founder shares, as described in the
following paragraph, and (ii) in the case of the private placement warrants and the respective Class A ordinary shares underlying such
warrants, 30 days after the completion of our Business Combination. We will bear the expenses incurred in connection with the filing of
any such registration statements.

Except as described herein, our Sponsor and our team have agreed not
to transfer, assign or sell (i) any of their founder shares until the earliest of (A) one year after the completion of our Business Combination
and (B) subsequent to our Business Combination, (x) if the closing price of our Class A ordinary shares equals or exceeds $12.00 per share
(as adjusted for share divisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within
any 30-trading day period commencing at least 150 days after our Business Combination, or (y) the date on which we complete a liquidation,
merger, share exchange, reorganization or other similar transaction that results in all of our public shareholders having the right to
exchange their ordinary shares for cash, securities or other property, and (ii) any of their private placement warrants and Class A ordinary
shares issued upon conversion or exercise thereof until 30 days after the completion of our Business Combination. Any permitted transferees
will be subject to the same restrictions and other agreements of our Sponsor and team with respect to any founder shares, private placement
warrants and Class A ordinary shares issued upon conversion or exercise thereof.

In addition, pursuant to an agreement entered into prior to our IPO,
our Sponsor, upon and following consummation of a Business Combination, will be entitled to nominate three individuals for appointment
to our board of directors, as long as the Sponsor holds any securities covered by the registration and shareholder rights agreement.

Equity Compensation Plans

As of December 31, 2024, we had no compensation plans (including individual
compensation arrangements) under which equity securities were authorized for issuance.

Item 13. Certain Relationships and
Related Transactions, and Director Independence

On November 20, 2020, our Old Sponsor paid $25,000, or approximately
$0.003 per share, to cover for certain