Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 17

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1
Chunk 17
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shares, vote their public shares in favor of our Business Combination or not redeem their public shares. However, they have no current
commitments, plans or intentions to engage in such transactions and have not formulated any terms or conditions for any such transactions.
None of the funds in the Trust Account will be used to purchase public shares or warrants in such transactions. If they engage in such
transactions, they will be restricted from making any such purchases when they are in possession of any material non-public information
not disclosed to the seller or if such purchases are prohibited by Regulation M under the Exchange Act.

9

In the event that our Sponsor, directors, officers, advisors or their
affiliates purchase shares in privately negotiated transactions from public shareholders who have already elected to exercise their redemption
rights or submitted a proxy to vote against our Business Combination, such selling shareholders would be required to revoke their prior
elections to redeem their shares and any proxy to vote against our Business Combination. We do not currently anticipate that such purchases,
if any, would constitute a tender offer subject to the tender offer rules under the Exchange Act or a going-private transaction subject
to the going-private rules under the Exchange Act; however, if the purchasers determine at the time of any such purchases that the purchases
are subject to such rules, the purchasers will be required to comply with such rules.

The purpose of any such transactions could be to (i) vote such shares
in favor of the Business Combination and thereby increase the likelihood of obtaining shareholder approval of the Business Combination,
(ii) to satisfy a closing condition in an agreement with a target that requires us to have a minimum net worth or a certain amount of
cash at the closing of our Business Combination, where it appears that such requirement would otherwise not be met or (iii) reduce the
number of public warrants outstanding or vote such warrants or any matter submitted to the warrant holders for approval in connection
with our Business Combination. Any such purchases of our securities may result in the completion of our Business Combination that may
not otherwise have been possible.

In addition, if such purchases are made, the public “float”
of our Class A ordinary shares or public warrants may be reduced and the number of beneficial holders of our securities may be reduced,
which may make it difficult to maintain or obtain the quotation, listing or trading of our securities on a national securities exchange.

Our Sponsor, officers, directors and/or their affiliates anticipate
that they may identify the shareholders with whom our Sponsor, officers, directors or their affiliates may pursue privately negotiated