Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 24

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1
Chunk 24
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 would become “option”
rights surviving past the completion of the Business Combination until the redeeming holder delivered its certificate. The requirement
for physical or electronic delivery prior to the meeting ensures that a redeeming shareholder’s election to redeem is irrevocable
once the Business Combination is approved.

Any request to redeem such shares, once made, may be withdrawn at
any time up to two business days prior to the initially scheduled vote on the proposal to approve the Business Combination, unless otherwise
agreed to by us.

Furthermore, if a holder of a public share delivered its certificate
in connection with an election of redemption rights and subsequently decides prior to the applicable date not to elect to exercise such
rights, such holder may simply request that the transfer agent return the certificate (physically or electronically). It is anticipated
that the funds to be distributed to holders of our public shares electing to redeem their shares will be distributed promptly after the
completion of our Business Combination.

13

If our Business Combination is not approved or completed for any reason,
then our public shareholders who elected to exercise their redemption rights would not be entitled to redeem their shares for the applicable
pro rata share of the Trust Account. In such case, we will promptly return any certificates delivered by public holders who elected to
redeem their shares.

If our initial proposed Business Combination is not completed, we may
continue to try to complete a Business Combination with a different target by the Termination Date.

Redemption of Public Shares and Liquidation If No Business
Combination

Our amended and restated memorandum and articles of association provides
that we will have until the Termination Date to consummate a Business Combination. If we do not consummate a Business Combination by the
Termination Date, we will: (i) cease all operations except for the purpose of winding up; (ii) as promptly as reasonably possible but
not more than ten business days thereafter, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount
then on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to
us to pay our income taxes, if any (less taxes payable), divided by the number of the then-outstanding public shares, which redemption
will completely extinguish public shareholders’ rights as shareholders (including the right to receive further liquidation distributions,
if any); and (iii) as promptly as reasonably possible following such redemption, subject to the approval of our remaining shareholders
and