Company: CSTAF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044280
Chunk: 108

Company: Constellation Acquisition Corp I
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 108
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 consummate a Business Combination
from January 29, 2024 to February 29, 2024 and to allow the Company, without another shareholder vote, to elect to extend the Termination
Date to consummate a Business Combination on a monthly basis for up to eleven times by an additional one month each time after the 2024
Articles Extension Date, by resolution of the directors, if requested by the Sponsor, and upon five days’ advance notice prior to
the applicable Termination Date, until January 29, 2025, or a total of up to twelve months after the 2024 Original Termination Date, unless
the closing of a Business Combination shall have occurred prior thereto; and (B) to amend, by way of special resolution, the Company’s
amended and restated memorandum and articles of association to eliminate from the amended and restated memorandum and articles of association
the limitation that the Company may not redeem Class A ordinary shares to the extent that such redemption would result in the Company
having net tangible assets (as determined in accordance with Rule 3a51-1(g)(1) of the Securities Exchange Act of 1934, as amended), of
less than $5,000,001 in order to allow the Company to redeem Public Shares irrespective of whether such redemption would exceed the Redemption
Limitation. The shareholders of the Company approved the 2024 Extension Amendment Proposal and the 2024 Redemption Limitation Amendment
Proposal at the 2024 Shareholder Meeting and on January 30, 2024, the Company filed the 2024 Articles Amendment with the Registrar of
Companies of the Cayman Islands.

23

In connection with that vote to approve the 2024
Extension Amendment Proposal and the 2024 Redemption Limitation Amendment Proposal, the holders of 2,126,159 Class A ordinary shares properly
exercised their right to redeem their shares for cash at a redemption price of approximately $11.13 per share, for an aggregate redemption
amount of approximately $23,671,533. After the satisfaction of such redemptions and receipt of the initial deposit of $55,000 to the Trust
account, the balance in our Trust Account was $26,415,545.

On January 30, 2024, the Sponsor converted an
aggregate of 7,600,000 Class B ordinary shares into Public Shares on a one-for-one basis. The Sponsor waived any right to receive funds
from the Trust Account with respect to