Company: CSTAF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044280
Chunk: 5

Company: Constellation Acquisition Corp I
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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 (the “IPO”
or “Initial Public Offering”) which is described below, and identifying a target company for a Business Combination. The Company
will not generate any operating revenues until after the completion of a Business Combination, at the earliest. The Company generates
non-operating income in the form of interest income from the proceeds derived from the IPO.

The registration statement for the Company’s
IPO was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on January 26, 2021 (the “Effective
Date”). On January 29, 2021, the Company consummated the IPO of 31,000,000 units (the “Units”) and, with respect to
the Class A ordinary shares, par value $0.0001 per share (the “Class A ordinary shares”), included in the Units sold, (the
“Public Shares”), including 1,000,000 Units issued pursuant to the partial exercise of the underwriters’ over-allotment
option, at $10.00 per Unit, generating gross proceeds of $310,000,000, which is discussed in Note 3. Each Unit consists of one Class A
ordinary share, and one-third of one redeemable warrant to purchase one Class A ordinary share at a price of $11.50 per whole share.

Simultaneously with the closing of the IPO, the
Company consummated the sale of 5,466,667 private placement warrants (the “Private Placement Warrants”), at a price of $1.50
per Private Placement Warrant, in a private placement to certain affiliates of the Company’s sponsor at the time, Constellation
Sponsor GmbH & Co. KG, a German limited partnership (the “Old Sponsor”), generating gross proceeds of $8,200,000, which
is discussed in Note 4.

Transaction costs of the IPO amounted to $17,586,741,
consisting of $6,200,000 of underwriting fees, $10,850,000 of deferred underwriting fees (the “Deferred Underwriting Fees”),
and $536,741 of other offering costs.

Following the closing of the IPO on January 29,
2021, $310,000,000 ($10.00 per Unit) from the net offering proceeds of the sale of the Units in the IPO and the sale of the Private Placement
Warrants was placed in a Company trust account (the “Trust Account”) and invested in United States “government