Company: CSTAF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044280
Chunk: 10

Company: Constellation Acquisition Corp I
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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 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 are nine one-month extensions permitted under
the amended and restated memorandum and articles of association and provides the Company with additional time to complete its initial
Business Combination. The Extension 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 Extension Note will be repaid only from amounts remaining
outside of the Trust Account, if any.

On December 20, 2023, the Company announced its
intention to voluntarily delist its Class A ordinary shares, redeemable warrants, each one whole warrant exercisable for one share of
Class A ordinary shares at an exercise price of $11.50 (the “Public Warrants”) and Units (collectively, the “Securities”)
from the New York Stock Exchange (“NYSE”) and its intention to make an application to have its Securities quoted on the OTCQX
Marketplace (“OTCQX”).

The Board approved the voluntary delisting on
December 20, 2023, and the Company provided notice of the voluntary delisting to NYSE on December 20, 2023. The Company filed a Form 25
with the SEC to effect the delisting of its Securities on January 2, 2024. The delisting became effective on January 12, 2024 when the
Form 25 took effect. The last day of trading of its Securities on NYSE was January 12, 2024, and the Securities were suspended pre-market
on January 16, 2024. On January 16, 2024, the Company’s Securities began trading on the OTCQX where the Class A ordinary shares
and Units began trading on the OTCQX® Best Market (“OTCQB”) under their new trading symbols “CSTAF” and “CSTUF,”
respectively, and the warrants started trading on the OTCQB