Company: CSTAF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110128
Chunk: 8

Company: Constellation Acquisition Corp I
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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 proceeds from the IPO and the sale of
the Private Placement Warrants held in the Trust Account will not be released from the Trust Account (1) to the Company, until the completion
of the initial Business Combination, or (2) to the public shareholders, until the earliest of (a) the completion of the initial Business
Combination, and then only in connection with those Class A ordinary shares that such shareholders properly elected to redeem, subject
to the limitations, (b) the redemption of any Public Shares properly tendered in connection with a (A) shareholder vote to amend the
amended and restated memorandum and articles of association to modify the substance or timing of the Company’s obligation to provide
holders of the Class A ordinary shares the right to have their shares redeemed in connection with the initial Business Combination or
to redeem 100% of the Public Shares if the Company does not complete the initial Business Combination by the date by which the Company
is required to consummate a Business Combination pursuant to the Company’s amended and restated memorandum and articles of association
(such period, the “Combination Period”), or (B) with respect to any other provision relating to the rights of holders of
the Class A ordinary shares or pre-initial Business Combination activity, and (c) the redemption of the Public Shares if the Company
has not consummated the initial Business Combination within the Combination Period. Public shareholders who redeem their Class A ordinary
shares in connection with a shareholder vote described in clause (b) in the preceding sentence shall not be entitled to funds from the
Trust Account upon the subsequent completion of an initial Business Combination or liquidation if the Company has not consummated an
initial Business Combination within the Combination Period, with respect to such Class A ordinary shares so redeemed.

The proceeds deposited in the Trust Account could
become subject to the claims of the Company’s creditors, if any, which could have priority over the claims of the public shareholders.

The Company will provide its public shareholders
with the opportunity to redeem all or a portion of their Public Shares upon the completion of the initial Business Combination either
(i) in connection with a shareholder meeting called to approve the initial Business Combination or (ii) by means of a tender offer. The
decision as to whether the Company will seek shareholder approval of a proposed initial Business Combination or conduct a tender offer
will be made by the Company, solely in its discretion. The shareholders will be entitled to redeem their shares for a pro rata portion
of the amount then