Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 60

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1
Chunk 60
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 the Class B
ordinary shares, if any. The Class B ordinary shares are automatically convertible into Class A ordinary shares at the time of our Business
Combination as described herein and in our amended and restated memorandum and articles of association. Immediately after the IPO, there
were no preference shares issued and outstanding.

We may issue a substantial number of additional Class A ordinary shares
or preference shares to complete our Business Combination or under an employee incentive plan after completion of our Business Combination.
We may also issue Class A ordinary shares upon conversion of the Class B ordinary shares at a ratio greater than one-to-one at the time
of our Business Combination as a result of the anti-dilution provisions as set forth herein. However, our amended and restated memorandum
and articles of association provides, among other things, that prior to the completion of our Business Combination, we may not issue additional
shares that would entitle the holders thereof to (i) receive funds from the Trust Account or (ii) vote on any Business Combination or
on any other proposal presented to shareholders prior to or in connection with the completion of a Business Combination. These provisions
of our amended and restated memorandum and articles of association, like all provisions of our amended and restated memorandum and articles
of association, may be amended with a shareholder vote. The issuance of additional ordinary or preference shares:

●may significantly dilute the equity interest of investors in the IPO, which dilution would increase if the anti-dilution provisions
in the Class B ordinary shares resulted in the issuance of Class A ordinary shares on a greater than one-to-one basis upon conversion
of the Class B ordinary shares;

●may subordinate the rights of holders of Class A ordinary shares if preference shares are issued with rights senior to those afforded
our Class A ordinary shares;

●could cause a change in control if a substantial number of our Class A ordinary shares are issued, which may affect, among other things,
our ability to use our net operating loss carry forwards, if any, and could result in the resignation or removal of our present officers
and directors;

●may have the effect of delaying or preventing a change of control of us by diluting the share ownership or voting rights of a person
seeking to obtain control of us;

●may adversely affect prevailing market prices for our units, Class A ordinary shares and/or warrants; and

●may not result in adjustment to the exercise price of our warrants.

33

Our initial shareholders may receive additional Class A
ordinary shares if we issue shares