Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 20

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1
Chunk 20
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 we were deemed to be a foreign private issuer (which would require
a tender offer rather than seeking shareholder approval under SEC rules). Asset acquisitions and share purchases would not typically
require shareholder approval while direct mergers with our company and any transactions where we issue more than 20% of our issued and
outstanding ordinary shares or seek to amend our amended and restated memorandum and articles of association would typically require
shareholder approval. We currently intend to conduct redemptions in connection with a shareholder vote unless shareholder approval is
not required by applicable law or stock exchange rule or we choose to conduct redemptions pursuant to the tender offer rules of the SEC
for business or other reasons.

The requirement that we provide our public shareholders with the opportunity
to redeem their public shares by one of the two methods listed above will be contained in provisions of our amended and restated memorandum
and articles of association and will apply whether or not we maintain our registration under the Exchange Act or our listing on the OTC.
Such provisions may be amended if approved by holders of two thirds of our ordinary shares who attend and vote at a general meeting of
the company, so long as we offer redemption in connection with such amendment.

If we held a shareholder vote to approve our Business Combination,
we will, pursuant to our amended and restated memorandum and articles of association:

●conduct the redemptions
                                            in conjunction with a proxy solicitation pursuant to Regulation 14A of the Exchange Act,
                                            which regulates the solicitation of proxies, and not pursuant to the tender offer rules;
                                            and

●file proxy materials
                                            with the SEC.

11

In the event that we seek shareholder approval of our Business Combination,
we will distribute proxy materials and, in connection therewith, provide our public shareholders with the redemption rights described
above upon completion of the Business Combination.

If we seek shareholder approval, we will complete our Business Combination
only if we receive approval pursuant to an ordinary resolution under Cayman Islands law, which requires the affirmative vote of a majority
of the shareholders who attend and vote at a general meeting of the company. In such case, our Sponsor and each member of our team agreed
to vote their founder shares and public shares purchased during or after the IPO in favor of our Business Combination. As a result, in
addition to our initial shareholder’s founder shares, we would need none of our currently outstanding public shares to be voted
in favor of a Business Combination in order to have our Business Combination approved. Each public shareholder may elect