Company: CSTAF
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0001213900-25-002661
Chunk: 71

Company: Constellation Acquisition Corp I
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 71
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 the trading price of the shares of Class A Ordinary Shares were as low as $1.07 per share, the aggregate market value of the Ordinary Shares alone (without taking into account the value of the Private Placement Warrants) would be approximately equal to the initial investment in Constellation by the Initial Shareholders. As a result, if a Business Combination is completed, the Initial Shareholders are likely to be able to make a substantial profit on their investment in Constellation at a time when the Class A Ordinary Shares have lost significant value. On the other hand, if the Extension Amendment Proposal is not approved and Constellation liquidates without completing a Business Combination before January29, 2026, the Initial Shareholders will lose their entire investment in Constellation; •the fact that the Initial Shareholders have agreed not to redeem any Ordinary Shares held by them in connection with a shareholder vote to approve a Business Combination or the Extension Amendment Proposal; •the fact that the Initial Shareholders have agreed to waive their rights to liquidating distributions from the Trust Account with respect to any Ordinary Shares (other than Public Shares) held by them if the Extension Amendment Proposal is not approved and Constellation fails to complete a Business Combination by January29, 2025; •the indemnification of Constellation’s existing directors and officers and the liability insurance maintained by Constellation; •the fact that the Sponsor and Constellation’s officers and directors will lose their entire investment in Constellation and will not be reimbursed for any loans extended, fees due or out -of -pocketexpenses if the Extension Amendment Proposal is not approved and a Business Combination is not consummated by January29, 2025. As of the date of this proxy statement there are loans extended, fees due or outstanding out -of -pocketexpenses amounting in the aggregate to for which the Sponsor and Constellation’s officers and directors are awaiting reimbursement; and •the fact that if the Trust Account is liquidated, including in the event Constellation is unable to complete an initial Business Combination within the required time period, Sponsor has agreed to indemnify Constellation to ensure that the proceeds in the Trust Account are not reduced below $10.00 per Constellation Public Share, or such lesser per Public Share amount as is in the Trust Account on the Termination Date, by the claims of prospective target businesses with which Constellation has entered into an acquisition agreement or claims of any third party for services rendered or products sold to Constellation, but only if such a vendor or target business has not executed a waiver