Company: CSTAF
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0001213900-25-002661
Chunk: 92

Company: Constellation Acquisition Corp I
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 92
---
, to be deposited into the Trust Account. In addition, in the event the Company does not consummate an initial Business Combination by the Articles Extension Date (as defined below), the Lender may contribute to the Company $150,000 as a loan to be deposited into the Trust Account for each of nine one -monthextensions following the Articles Extension Date. 43 First Extension Meeting Promissory Note On January 30, 2023, the Company issued an unsecured promissory note in the total principal amount of up to $3,000,000 (the “ Promissory Note”) to the Sponsor. The Sponsor funded the initial principal amount of $450,000 on January 30, 2023. The Promissory Note does not bear interest and matures upon closing of the Company’s initial Business Combination. In the event that the Company does not consummate a Business Combination, the Promissory Note will be repaid only from amounts remaining outside of the Trust Account, if any. The proceeds of the Promissory Note will be deposited in the Trust Account. Up to $1,270,000 of the total principal amount of the Promissory Note may be converted, in whole or in part, at the option of the Lender into warrants of the Company at a price of $1.50 per warrant, which warrants will be identical to the Private Placement Warrants issued to the Sponsor at the time of the initial public offering of the Company. Second Extension After the First Extension Meeting Constellation chose to extend the termination date up until January 29, 2024, or a total of up to twelve months after the First Extension Meeting. On January 29, 2024, Constellation held its Second Extension Meeting and approved a proposal to amend our Memorandum and Articles of Association to extend the date by which we have to consummate an initial Business Combination from January 29, 2024 to February 29, 2024, and to allow Constellation, without another shareholder vote, to elect to extend the termination date to consummate a Business Combination on a monthly basis for up to eleven times by an additional one month each time after February 29, 2024, by resolution of the Board if requested by the Sponsor, and upon five days’ advance notice prior to the applicable termination date, until January 29, 2025, or a total of up to twelve months after the First Extension Meeting. In connection with the approval of the extension at the Second Extension Meeting, the holders of