Company: CSTAF
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074972
Chunk: 114

Company: Constellation Acquisition Corp I
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 8
Chunk 114
---
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. On February 13, 2023, a total of $46,600,678.12 (the
remaining trust balance), was placed in a U.S.-based trust account at Citibank, N.A., maintained by CST, acting as trustee.

In connection with the closing of the transactions
contemplated by the Investment Agreement, on January 26, 2023, the Old Sponsor underwent a reorganization pursuant to which the limited
partners of the Old Sponsor transferred all of their limited partnership interests to the Sponsor. On January 26, 2023, the Old Sponsor
was liquidated pursuant to applicable law by the retirement of the general partner of the Old Sponsor (the second to last partner of the
Sponsor) and all Securities held by the Old Sponsor were distributed by operation of law to its sole remaining limited partner, the Sponsor,
following which, on January 30, 2023, control of the Old Sponsor was transferred to affiliates of Antarctica Capital Partners, LLC.

On December 20, 2023, the board approved the voluntary
delisting of its Class A ordinary shares, Public Warrants and Units from the NYSE, and on January 16, 2024, the Company began trading
its Class A ordinary shares and Units on OTCQB under the symbols “CSTAF” and “CSTUF,” respectively, and its Public
Warrants on the OTC Venture under the symbol “CSTWF.”

On January 29, 2024, the Company held the 2024
Shareholder Meeting (A) to amend, by way of special resolution, the Company’s amended and restated memorandum and articles of association
to extend the Termination Date by which the Company has to consummate a Business Combination from January 29, 2024 to February 29, 2024
and to allow the Company, without another shareholder vote, to elect to extend the Termination Date to consummate