Company: CSTAF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044280
Chunk: 14

Company: Constellation Acquisition Corp I
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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, 2024 (“Eleventh 2024 Extension”),
the Company drew $55,000 pursuant to the Extension Note, which funds the Company deposited into the Trust Account for its public shareholders.
The deposit enabled the Company to extend the date by which it must complete its initial Business Combination from February 29, 2024 to
January 29, 2025. These extensions are eleven one-month extensions permitted under the amended and restated memorandum and articles of
association and provides the Company with additional time to complete its initial Business Combination. The 2024 Note (as defined below)
does not bear interest and matures upon closing of the Company’s initial Business Combination. In the event that the Company does
not consummate a Business Combination, the 2024 Note will be repaid only from amounts remaining outside of the Trust Account, if any.

8

On January 27, 2025, the Company held the an extraordinary
general meeting of shareholders (the “2025 Shareholder Meeting") (A) to amend, by way of special resolution, the Company’s
amended and restated memorandum and articles of association to extend the date (the “2025 Termination Date”) by which the
Company has to consummate a Business Combination from January 29, 2025 (the “2025 Original Termination Date”) to February
28, 2025 (the “2025 Articles Extension Date”) and to allow the Company, without another shareholder vote, to elect to extend
the 2025 Termination Date to consummate a Business Combination on a monthly basis for up to eleven times by an additional one month each
time after the 2025 Articles Extension Date, by resolution of the Company’s board of directors, if requested by Constellation Sponsor
LP, and upon five days’ advance notice prior to the applicable 2025 Termination Date, until January 29, 2026, or a total of up to
twelve months after the 2025 Original Termination Date, unless the closing of a Business Combination shall have occurred prior thereto
(the “2025 Extension Amendment Proposal”); (B) to amend, by way of special resolution, the Company’s amended and restated
memorandum and articles of association to permit for the issuance of Class A ordinary shares to holders of the Company’s Class B
ordinary shares upon the exercise of the right of a holder of the Class B ordinary shares to convert such holder’s Class B ordinary
shares into Class A ordinary shares