Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 105

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1
Chunk 105
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 to extend the 2025 Termination
Date to consummate a business combination on a monthly basis for up to eleven times by an additional one month each time after the 2025
Articles Extension Date, by resolution of the Company’s board of directors, if requested by the Sponsor and upon five days’
advance notice prior to the applicable Termination Date, until January 29, 2026, or a total of up to twelve months after the 2025 Termination
Date, unless the closing of a business combination shall have occurred prior thereto; (B) to amend, by way of special resolution, the
Company’s 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; 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 OTCQX®
Best Market and the OTCQB® Venture Market or (iii) where the board has determined it is otherwise necessary.

58

In connection with the vote to approve the 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 approximately $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 $778,970.65 and there are 7,664,302 Class A