Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 96

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1
Chunk 96
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, and our warrants trade on the OTCQB® Venture Market
under the symbol “CSTWF.” We voluntarily delisted our Class A ordinary shares, units and warrants from the NYSE and, on January
16, 2024, our Class A ordinary shares, units and warrants began trading on the OTC.

(b) Holders

As of the date of this Annual Report, there was 1 holder of record
of our Class A ordinary shares, 1 holder of record of our units, 4 holders of record of our Class B ordinary shares, 1 holder of record
of our public warrants and 1 holder of record of our private placement warrants.

(c) Dividends

We have not paid any cash dividends on our ordinary shares to date
and do not intend to pay cash dividends prior to the completion of our Business Combination. The payment of cash dividends in the future
will be dependent upon our revenues and earnings, if any, capital requirements and general financial condition subsequent to completion
of our Business Combination. The payment of any cash dividends subsequent to our Business Combination will be within the discretion of
our board of directors at such time. In addition, our board of directors is not currently contemplating and does not anticipate declaring
any share dividends in the foreseeable future. Further, if we incur any indebtedness in connection with a Business Combination, our ability
to declare dividends may be limited by restrictive covenants we may agree to in connection therewith.

(d) Securities Authorized for Issuance Under Equity Compensation
Plans

None.

(e) Performance Graph

Not applicable.

(f) Recent Sales of Unregistered Securities; Use of Proceeds from
Registered Offerings

Unregistered Sales

In November 2020, we issued our founder shares to one of our officers
for an aggregate purchase price of $25,000. In December 2020, the founder shares were assigned to our Old Sponsor for the same purchase
price initially paid by one of our officers. In January 2021, our Old Sponsor transferred 129,375 founder shares to our independent directors.
In March 2021, each independent director forfeited 4,375 founder shares and our Old Sponsor forfeited 861,875 founder shares. On January
26, 2023, the Old Sponsor underwent a reorganization pursuant to which the limited partners of the Sponsor transferred all of their limited
partnership interests to the Sponsor. On January 30, 2023, Klaus Kleinfeld, Hugo Banziger, Ves