Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 651

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 2
Chunk 651
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3, the Old Sponsor 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 Sponsor was transferred to affiliates of Antarctica Capital Partners, LLC, including Antarctica Endurance Manager,
LLC the current general partner of the Sponsor.

On January 27, 2023, the Company held an extraordinary
general meeting of shareholders of the Company (the “Extension Meeting”) to amend the Company’s amended and restated
memorandum and articles of association (the “2023 Articles Amendment”) to extend the date by which the Company has to consummate
a Business Combination from January 29, 2023 (the “2023 Original Termination Date”) to April 29, 2023 (the “2023 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