Company: CSTAF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110128
Chunk: 99

Company: Constellation Acquisition Corp I
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 99
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 warrant exercise unless
a registration statement under the Securities Act with respect to Class A ordinary shares underlying the warrants is then effective
and a prospectus is current. No warrant will be exercisable and the Company will not be obligated to issue Class A ordinary shares
upon exercise of a warrant unless Class A ordinary shares issuable upon such warrant exercise has been registered, qualified or
deemed to be exempt under the securities laws of the state of residence of the registered holder of the warrants. In no event will the
Company be required to net cash settle any warrant. In the event that a registration statement is not effective for the exercised warrants,
the purchaser of a Unit containing such warrant will have paid the full purchase price for the Unit solely for the Class A ordinary
shares underlying such Unit.

Redemptions of warrants for cash when the
price per Class A ordinary share equals or exceeds $18.00.

Once the warrants become exercisable, the
Company may call the warrants for redemption (except as described herein with respect to the Private Placement Warrants): 

    ● in whole and not in part;           ● at a price of $0.01 per warrant;           ● upon a minimum of 30 days’ prior written notice of redemption to each warrant holder; and           ● if, and only if, the closing price of the Class A ordinary shares equals or exceeds $18.00 per share (as adjusted for share subdivisions, share capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which notice of the redemption is given to the warrant holders (the “Reference Value”). 

15

Redemptions of warrants for cash when the
price per Class A ordinary share equals or exceeds $10.00.

Once the warrants become exercisable, the
Company may call the warrants for redemption (except as described herein with respect to the Private Placement Warrants):

    ● in whole and not in part;           ● at $0.10 per warrant upon a minimum of 30 days’ prior written notice of redemption; provided that during such 30 day period holders will be able to exercise their warrants on a cashless basis prior to redemption and receive that number of shares determined by reference to the table in the registration statement, based on the redemption date and the “fair