Company: CSTAF
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0001213900-25-002661
Chunk: 21

Company: Constellation Acquisition Corp I
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 21
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 Ordinary Shares and may leave us with insufficient cash to consummate a Business Combination on commercially acceptable terms, or at all. The fact that we will have separate redemption periods in connection with the Articles Extension and a Business Combination could exacerbate these risks. As a result, you may be unable to sell your Class A Ordinary Shares even if the per -sharemarket price is higher than the per -shareredemption price paid to public shareholders that elect to redeem their Public Shares if the Extension Amendment Proposal or the Founder Share Amendment Proposal are approved. OTCQX may delist our securities from its exchange which could limit investors’ ability to make transactions in its securities and subject us to additional trading restrictions. In accordance with Rule 1.3 of the OTCQX Rules for U.S. Companies, a company that is a special purpose acquisition company (“ SPAC”), must enter into an agreement with a target company to engage in a de -SPACtransaction and complete such transaction within 18months of initial quotation on the over -the-countermarket, in accordance with Exchange Act Rule 15c2 -11. As our units and Cl ass AOrdinary Shares are currently quoted on the OTCQX, if we are unable to complete a business combination by July16, 2025 (18months from our initial quotation), our securities would be delisted from the OTCQX and trade on the OTC Expert Market. 1 In addition, after the Shareholder Meeting, we may be required to demonstrate compliance with the OTCQX’s continued trading requirements in order to maintain the listing of our securities on the OTCQX. Such continued trading requirements for our securities include, among other things, having a minimum bid price of $0.10 per share as of the close of business for at least one of every 30 consecutive calendar days and market capitalization of at least $5million for at least one of every 30 consecutive calendar days. If our securities are delisted from trading on the OTCQX our shareholder’s ability to make transactions in our securities could be limited and subject us to additional trading restrictions. The trading of our securities on the OTC Expert Market may result in a less liquid market available for existing and potential shareholders as trading is not available for retail investors, could depress the price of our securities and could have a long -termadverse impact on our ability to raise capital. When fewer shares of a security are being traded on the OTC Expert Markets, volatility of prices may increase, and