Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 1352

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 8
Chunk 1352
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 enforceable) nor will it apply to any claims under the Company’s indemnity of the underwriters
of the IPO against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”).
However, the Company has not asked its Sponsor to reserve for such indemnification obligations, nor has the Company independently verified
whether its Sponsor has sufficient funds to satisfy its indemnity obligations and believe that the Company’s Sponsor’s only
assets are Securities of the Company. Therefore, the Company cannot assure that its Sponsor would be able to satisfy those obligations.

F-8

On January 26, 2023, the Old Sponsor underwent
a reorganization pursuant to which the limited partners of the Old Sponsor transferred all of their limited partnership interests to Constellation
Sponsor LP, a Delaware limited partnership (the “Sponsor”). On January 26, 2023, 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