Company: CSTAF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110128
Chunk: 85

Company: Constellation Acquisition Corp I
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 85
---
 Articles Extension Date, by resolution of the Company’s board of directors, if requested by Constellation Sponsor
LP, and upon five days’ advance notice prior to the applicable 2025 Termination Date, until January 29, 2026, or a total of up
to twelve months after the 2025 Original Termination Date, unless the closing of a Business Combination shall have occurred prior thereto
(the “2025 Extension Amendment Proposal”); (B) to amend, by way of special resolution, the Company’s amended and restated
memorandum and articles of association to permit for the issuance of Class A ordinary shares to holders of the Company’s Class
B ordinary shares upon the exercise of the right of a holder of the Class B ordinary shares to convert such holder’s Class B ordinary
shares into Class A ordinary shares on a one-for-one basis at any time and from time to time prior to the closing of an initial Business
Combination at the election of the holder (the “Founder Share Amendment Proposal”); and (C) if required, an adjournment proposal
to adjourn, by way of ordinary resolution, the 2025 Shareholder Meeting to a later date or dates, if necessary, (i) to permit further
solicitation and vote of proxies if, based upon the tabulated vote at the time of the 2025 Shareholder Meeting, there are insufficient
Class A ordinary shares and Class B ordinary shares in the capital of the Company represented (either in person or by proxy) to approve
the 2025 Extension Amendment Proposal and the Founder Share Amendment Proposal, (ii) where the Company would not adhere to the initial
or continued trading requirements of OTCQB and the OTC Venture or (iii) where the Board has determined it is otherwise necessary.

In connection with the vote to approve the 2025
Extension Amendment Proposal and the Founder Share Amendment Proposal held on January 27, 2025, the holders of 2,303,382 Class A ordinary
shares properly exercised their right to redeem their shares for cash at a redemption price of approximately $11.91 per share, for an
aggregate redemption amount of $27,428,399. After the satisfaction of such redemptions and receipt of the initial deposit of $5,000 to
the Trust Account, the balance in the Trust Account was approximately $778,971, and there were 7,664,302 Class A ordinary shares outstanding,
of which 64,302 Class A