Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 838

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 4
Chunk 838
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 to consider a potential business combination. We paid our Old Sponsor, and following
the Extension, we pay our Sponsor up to $10,000 per month for office space, administrative and support services. Our Sponsor, officers
and directors, or any of their respective affiliates, will be reimbursed for any out-of-pocket expenses incurred in connection with activities
on our behalf such as identifying potential target businesses and performing due diligence on suitable Business Combinations. Our audit
committee will review on a quarterly basis all payments that were made to our Sponsor, officers, directors or our or any of their affiliates.

After the completion of our Business Combination, directors or members
of our management team who remain with us may be paid consulting, management or other compensation from the combined company. All compensation
will be fully disclosed to shareholders, to the extent then known, in the tender offer materials or proxy solicitation materials furnished
to our shareholders in connection with a proposed Business Combination. It is unlikely the amount of such compensation will be known at
the time, because the directors of the post-combination business will be responsible for determining executive officer and director compensation.
Any compensation to be paid to our officers after the completion of our Business Combination will be determined by a compensation committee
constituted solely by independent directors.

We are not party to any agreements with our executive officers and
directors that provide for benefits upon termination of employment. The existence or terms of any such employment or consulting arrangements
may influence our management’s motivation in identifying or selecting a target business, and we do not believe that the ability
of our management to remain with us after the completion of our Business Combination should be a determining factor in our decision to
proceed with any potential Business Combination.

75

Item 12. Security Ownership of Certain
Beneficial Owners and Management and Related Stockholder Matters

The following table sets forth information regarding the beneficial
ownership of our ordinary shares available to us at April 1, 2025, with respect to our ordinary shares held by:

●each person known by us to be the beneficial owner of more than 5% of our issued and outstanding ordinary shares; and

●each of our executive officers, directors and director nominees; and all our executive officers and directors as a group.

Unless otherwise indicated, we believe that all persons named in the
table have sole voting and investment power with respect to all of our ordinary shares beneficially owned by them. In the table below,
percentage ownership is based on 7,814,302 ordinary shares