Company: CSTAF
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0001213900-25-002661
Chunk: 4

Company: Constellation Acquisition Corp I
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 4
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 offering (the “ Public Shares”) may elect to redeem all or a portion of their Public Shares in exchange for their pro rata portion of the funds held in a trust account (the “ Trust Account”) established to hold a portion of the proceeds of the initial public offering and the concurrent sale of the private placement warrants, if either the Articles Extension or the Founder Share Amendment is implemented, regardless of how such public shareholders vote in regard to the Extension Amendment Proposal or the Founder Share Amendment Proposal. If the Extension Amendment Proposal or the Founder Share Amendment Proposal is approved by the requisite vote of shareholders, the holders of Public Shares remaining after the redemption will retain their right to redeem their Public Shares in connection with a Business Combination or liquidation, subject to any limitations set forth in the Memorandum and Articles of Association, as amended by the Articles Extension Date or the relevant Additional Articles Extension Date. On January7, 2025, the most recent practicable date prior to the date of the accompanying proxy statement, the redemption price per share was approximately $11.88, based on the aggregate amount on deposit in the Trust Account of approximately $28,139,416.49 as of January7, 2025 (including interest not previously released to Constellation to pay its taxes), divided by the total number of then outstanding Public Shares. The redemption price per share will be calculated based on the aggregate amount on deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to Constellation to pay its taxes, if any, two business days prior to the initially scheduled date of the Shareholder Meeting. The closing price of the Class A Ordinary Shares on OTCQX on January7, 2025 was $11.81. Accordingly, if the market price of the Class A Ordinary Shares were to remain the same until the date of the Shareholder Meeting, exercising redemption rights would result in a public shareholder receiving approximately $0.07 more per share than if the shares were sold in the open market (based on the per share redemption price as of January7, 2025). Constellation cannot assure shareholders that they will be able to sell their Class A Ordinary Shares in the open market, even if the market price per share is lower than the redemption price stated above, as there may not be sufficient liquidity in its Securities (as defined below) when such shareholders wish to sell their shares. Constellation believes that such redemption right enables its public shareholders to determine whether to sustain their investments for an additional period if Constellation