Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 669

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 2
Chunk 669
---
 exempt under the securities laws of the state of residence of the registered holder of the warrants. In no event will the Company
be required to net cash settle any warrant. In the event that a registration statement is not effective for the exercised warrants, the
purchaser of a unit containing such warrant will have paid the full purchase price for the unit solely for the Class A ordinary shares
underlying such unit.

Redemptions of warrants for cash when the price
per Class A ordinary share equals or exceeds $18.00.

Once the warrants become exercisable, the
Company may call the warrants for redemption (except as described herein with respect to the private placement warrants):

●in whole and not in part;

●at a price of $0.01 per
warrant;

●upon a minimum of 30 days’
prior written notice of redemption to each warrant holder; and

●if, and only if, the closing
price of the Class A ordinary shares equals or exceeds $18.00 per share (as adjusted for share sub-divisions, share capitalizations,
reorganizations, recapitalizations and the like) for any 20 trading days within a 30-trading day period ending on the third trading day
prior to the date on which notice of the redemption is given to the warrant holders (the “Reference Value”).

F-18

Redemptions of warrants for cash when the price
per Class A Ordinary Share equals or exceeds $10.00.

Once the warrants become exercisable, the
Company may call the warrants for redemption (except as described herein with respect to the private placement warrants):

●in whole and not in part;

●at $0.10 per warrant upon
a minimum of 30 days’ prior written notice of redemption; provided that during such 30 day period holders will be able to exercise
their warrants on a cashless basis prior to redemption and receive that number of shares determined by reference to the table in the
registration statement, based on the redemption date and the “fair market value” of the Class A ordinary shares (as defined
below) except as otherwise described below; provided, further, that if the warrants are not exercised on a cashless basis or otherwise
during such 30 day period, the Company shall redeem such warrants for $0.10 per share;

●if, and only if, the Reference
Value equals or exceeds $10.00 per share (as adjusted for share subdivisions, share dividends,