Company: CSTAF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110128
Chunk: 149

Company: Constellation Acquisition Corp I
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 2
Chunk 149
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 proxies if, based
upon the tabulated vote at the time of the 2025 Shareholder Meeting, there are insufficient Class A ordinary shares and Class B ordinary
shares in the capital of the Company represented (either in person or by proxy) to approve the 2025 Extension Amendment Proposal and
the Founder Share Amendment Proposal, (ii) where the Company would not adhere to the initial or continued trading requirements of OTCQB
and the OTCQ Venture or (iii) where the board has determined it is otherwise necessary.

In connection with the vote to approve the 2025
Extension Amendment Proposal and the Founder Share Amendment Proposal held on January 27, 2025, the holders of 2,303,382 Class A ordinary
shares properly exercised their right to redeem their shares for cash at a redemption price of approximately $11.91 per share, for an
aggregate redemption amount of approximately $27,428,399. After the satisfaction of such redemptions and receipt of the initial deposit
of $5,000 to the Trust Account, the balance in the Trust Account was approximately $778,970 and there was 7,664,302 Class A ordinary
shares outstanding, of which 64,302 Class A ordinary shares are held by the Company’s public shareholders.

On each of February 25, 2025, March 27, 2025,
April 29, 2025, May 28, 2025, June 26, 2025, July 28, 2025, August 28, 2025, and September 26, 2025 the Company drew the Extension Funds,
in the aggregate amount of $5,000, as approved by unanimous director or extension committee resolution pursuant to the 2024 Note, which
Extension Funds the Company deposited into the Company’s Trust Account for its public shareholders. These deposits enabled the
Company to extend the date by which it must complete its initial Business Combination from February 28, 2025 to October 29, 2025. These
extensions are eight of eleven one-month extensions permitted under the Company’s amended and restated memorandum and articles
of association and provide the Company with additional time to complete its initial Business Combination. As of September 30, 2025 and
December 31, 2024, the Company deposited an aggregate total of $705,000 and $660,000 Extension Funds pursuant to the 2024 Note, respectively.

On March 10, 2025