Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 2

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1
Chunk 2
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 Termination Date, unless the closing of the Company’s Business Combination shall
have occurred prior to such date (the “2023 Extension Amendment Proposal”). The shareholders of the Company approved the
2023 Extension Amendment Proposal at the 2023 Shareholder Meeting and on January 31, 2023, the Company filed the 2023 Articles Amendment
with the Registrar of Companies of the Cayman Islands.

1

In connection with the vote at the 2023 Shareholder 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 Continental Stock Transfer & Trust Company, 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 (such transactions,
the “sponsor handover”).

The board approved the voluntary delisting of its Class A ordinary
shares, warrants and units from The New York Stock Exchange, and on January 16, 2024, the Company began trading its Class A ordinary
shares and units on OTCQX® Best Market under the symbols “CSTAF” and “CSTUF,” respectively, and its warrants
on the OTCQB® Venture Market under the symbol “CSTWF.”

On January 29, 2024, the Company held an extraordinary general meeting
of shareholders (the “2024 Shareholder Meeting