Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 947

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 5
Chunk 947
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 beneficially owned directly by Ms. Schepanek.

(5)Includes 38,750 shares of Class B ordinary shares beneficially owned directly by Mr. Faass.

(6)Includes 38,750 shares of Class B ordinary shares beneficially owned directly by Mr. Stefanowski.

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Our Sponsor and our team have entered into an agreement with us, pursuant
to which they have agreed to waive their redemption rights with respect to their founder shares and any public shares purchased during
or after the IPO in connection with (i) the completion of our Business Combination and (ii) a shareholder vote to approve 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. Further, our Sponsor
and each member of our team have agreed to vote their founder shares and public shares purchased during or after the IPO in favor of our
Business Combination.

Our Sponsor is deemed to be our “promoter” as such term
is defined under the federal securities laws.

Transfers of Founder Shares and Private Placement Warrants

The founder shares, private placement warrants and any Class A ordinary
shares issued upon conversion or exercise thereof are each subject to transfer restrictions pursuant to lock-up provisions in the agreement
entered into by our Sponsor and our team. Our Sponsor and our team have agreed not to transfer, assign or sell (i) any of their founder
shares until the earliest of (A) one year after the completion of our Business Combination and (B) subsequent to our Business Combination,
(x) if the closing price of our Class A ordinary shares equals or exceeds $12.00 per share (as adjusted for share sub-divisions, share
capitalizations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing
at least 150 days after our Business Combination, or (y) the date on which we complete a liquidation, merger, share exchange, reorganization
or other similar transaction that results in all of our public shareholders having the right to exchange their ordinary shares for cash,
securities or