Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 440

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1B
Chunk 440
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ination on a monthly basis for up to eleven (11) times by an additional one month each time after the Articles Extension Date, by
resolution of the Board, if requested by the Sponsor, and upon five days’ advance notice prior to the applicable Termination Date,
until January 29, 2025, or a total of up to twelve (12) months after the 2024 Original Termination Date, unless the closing of a Business
Combination shall have occurred prior thereto (the “2024 Extension Amendment Proposal”); (B) to amend, by way of special
resolution, the amended and restated memorandum and articles of association to eliminate the limitation that the Company may not redeem
Class A ordinary shares, to the extent that such redemption would result in the Company having net tangible assets (as determined in
accordance with Rule 3a51-1(g)(1) of the Securities Exchange Act of 1934, as amended), of less than $5,000,001 (the “Redemption
Limitation”) in order to allow the Company to redeem Class A ordinary shares irrespective of whether such redemption would exceed
the Redemption Limitation (such proposal the “Redemption Limitation Amendment Proposal”); and (C) if required, an adjournment
proposal to adjourn, by way of ordinary resolution, the Shareholder Meeting to a later date or dates, if necessary, (i) to permit further
solicitation and vote of proxies if, based upon the tabulated vote at the time of the Shareholder Meeting, there are insufficient ordinary
shares (as defined below) in the capital of the Company represented (either in person or by proxy) to approve the 2024 Extension Amendment
Proposal and the Redemption Limitation Amendment Proposal, (ii) where the Company would not adhere to the initial or continued trading
requirements of OTCQX or (iii) where the Board has determined it is otherwise necessary (the “Adjournment Proposal”).

The shareholders of the Company approved the 2024
Extension Amendment Proposal and the Redemption Limitation Amendment Proposal at the Shareholder Meeting and on January 30, 2024, the
Company filed the 2024 Articles Amendment with the Registrar of Companies of the Cayman Islands, effective January 29, 2024.

In connection with the vote to approve the 2024
Extension Amendment Proposal and the Redemption Limitation Amendment Proposal, the holders of 2,126,159 Class A ordinary shares properly
ex