Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 647

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 2
Chunk 647
---
 November 20, 2020. The Company was formed for the purpose of effecting
a merger, capital share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses
(a “Business Combination”).

As of December 31, 2024, the Company had not commenced
any operations. All activity through December 31, 2024 relates to the Company’s formation and the initial public offering (the “IPO”
or “Initial Public Offering”) which is described below, and identifying a target company for a Business Combination. The Company
will not generate any operating revenues until after the completion of a Business Combination, at the earliest. The Company generates
non-operating income in the form of interest income from the proceeds derived from the IPO.

The registration statement for the Company’s
IPO was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on January 26, 2021 (the “Effective
Date”). On January 29, 2021, the Company consummated the IPO of 31,000,000 units (the “Units”) and, with respect to
the Class A ordinary shares, par value $0.0001 per share (the “Class A ordinary shares”), included in the Units sold, (the
“Public Shares”), including 1,000,000 Units issued pursuant to the partial exercise of the underwriters’ over-allotment
option, at $10.00 per Unit, generating gross proceeds of $310,000,000, which is discussed in Note 3. Each Unit consists of one Class A
ordinary share, and one-third of one redeemable warrant to purchase one Class A ordinary share at a price of $11.50 per whole share.

Simultaneously with the closing of the IPO, the
Company consummated the sale of 5,466,667 private placement warrants (the “private placement warrants”), at a price of $1.50
per private placement warrant, in a private placement to certain affiliates of the Company’s sponsor at the time, Constellation
Sponsor GmbH & Co. KG, a German limited partnership (the “Old Sponsor”), generating gross proceeds of $8,200,000, which
is discussed in Note 4.

Transaction costs of the IPO amounted to $17,586,741,
consisting of $6,200,000 of underwriting fees, $10,850,000 of deferred underwriting fees (the