Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 86

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1
Chunk 86
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 the private placement warrants
or any provision of the warrant agreement with respect to the private placement warrants, 50% of the number of the then outstanding private
placement warrants. In addition, our amended and restated memorandum and articles of association will require us to provide our public
shareholders with the opportunity to redeem their public shares for cash if we propose an amendment to our amended and restated memorandum
and articles of association (A) that would modify the substance or timing of our obligation to provide holders of our Class A ordinary
shares the right to have their shares redeemed in connection with our Business Combination or to redeem 100% of our public shares if we
do not complete our Business Combination by the Termination Date, or (B) with respect to any other provision relating to the rights of
holders of our Class A ordinary shares or pre-Business Combination activity. To the extent any of such amendments would be deemed to fundamentally
change the nature of any of the securities offered through this registration statement, we would register, or seek an exemption from registration
for, the affected securities.

47

The provisions of our amended and restated memorandum and
articles of association that relate to our pre-Business Combination activity (and corresponding provisions of the agreement governing
the release of funds from our Trust Account) may be amended with the approval of a special resolution which requires the approval of the
holders of at least two-thirds of our ordinary shares who attend and vote at a general meeting of the company, which is a lower amendment
threshold than that of some other blank check companies. It may be easier for us, therefore, to amend our amended and restated memorandum
and articles of association to facilitate the completion of a Business Combination that some of our shareholders may not support.

Some other blank check companies have a provision in their charter
which prohibits the amendment of certain of its provisions, including those which relate to a company’s pre-Business Combination
activity, without approval by a certain percentage of the company’s shareholders. In those companies, amendment of these provisions
typically requires approval by between 90% and 100% of the company’s shareholders. Our amended and restated memorandum and articles
of association provides that any of its provisions related to pre-Business Combination activity (including the requirement to deposit
proceeds of the IPO and the sale of the private placement warrants into the Trust Account and not release such amounts except in specified
circumstances, and to provide redemption rights to public shareholders as described herein) may be amended if approved