Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 21

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1
Chunk 21
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 to redeem their
public shares irrespective of whether they vote for or against the proposed transaction or vote at all. In addition, our Sponsor and
our team have entered into an agreement with us, pursuant to which they 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.

If we conduct redemptions pursuant to the tender offer rules of the
SEC, we will, pursuant to our amended and restated memorandum and articles of association:

●conduct the redemptions
                                            pursuant to Rule 13e-4 and Regulation 14E of the Exchange Act, which regulate issuer tender
                                            offers; and

●file tender offer documents
                                            with the SEC prior to completing our Business Combination which contain substantially the
                                            same financial and other information about the Business Combination and the redemption rights
                                            as is required under Regulation 14A of the Exchange Act, which regulates the solicitation
                                            of proxies.

Upon the public announcement of our Business Combination, we or our
Sponsor will terminate any plan established in accordance with Rule 10b5-1 to purchase Class A ordinary shares in the open market if
we elect to redeem our public shares through a tender offer, to comply with Rule 14e-5 under the Exchange Act.

In the event we conduct redemptions pursuant to the tender offer rules,
our offer to redeem will remain open for at least 20 business days, in accordance with Rule 14e-1(a) under the Exchange Act, and we will
not be permitted to complete our Business Combination until the expiration of the tender offer period. In addition, the tender offer
will be conditioned on public shareholders not tendering more than the number of public shares we are permitted to redeem. If public
shareholders tender more shares than we have offered to purchase, we will withdraw the tender offer and not complete the