Company: CSTAF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044280
Chunk: 43

Company: Constellation Acquisition Corp I
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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) and (iii) as promptly as possible following such redemption, dissolve and liquidate
the balance of our net assets to our remaining shareholders, as part of our plan of dissolution and liquidation. Our Sponsor and initial
shareholders entered into the Letter Agreement with us, pursuant to which they have waived their rights to participate in any redemption
with respect to their Founder Shares; however, if the initial shareholders or any of our officers, directors or affiliates acquire ordinary
shares in or after the Initial Public Offering, they will be entitled to a pro rata share of the Trust Account upon our redemption or
liquidation in the event we do not complete a Business Combination within the required time period. In the event of such distribution,
it is possible that the per share value of the residual assets remaining available for distribution (including the Trust Account assets)
will be less than the Initial Public Offering price per Unit in the Initial Public Offering.

On January 27, 2023, we held an extraordinary
general meeting of shareholders to amend the Company’s amended and restated memorandum and articles of association to extend the
date by which the Company has to consummate a Business Combination from January 29, 2023 to April 29, 2023 and to allow the Company, without
another shareholder vote, to elect to extend the 2023 Termination Date to consummate a Business Combination on a monthly basis for up
to nine times by an additional one month each time after the 2023 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, 2024, or a total of
up to twelve months after the 2023 Termination Date, unless the closing of the Company’s Business Combination shall have occurred
prior to such date. The shareholders of the Company approved the 2023 Extension Amendment Proposal at the Extension Meeting and on January
31, 2023, the Company filed the 2023 Articles Amendment with the Registrar of Companies of the Cayman Islands.

In connection with the vote at the Extension Meeting,
the holders of 26,506,157 Class A ordinary shares of the Company properly exercised their right to redeem their shares for an aggregate
price of approximately $10.167 per share, for an aggregate redemption amount of approximately $269,485,746. After the satisfaction of
such redemptions, the balance in our Trust Account was approximately $46,138,503.