Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 248

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1A
Chunk 248
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 changed to the OTC). As an exempted
company, there is no requirement under the Companies Act for us to hold annual or extraordinary general meetings to appoint directors.
Until we hold an annual general meeting, public shareholders may not be afforded the opportunity to appoint directors and to discuss company
affairs with our founding team. Our board of directors is divided into three classes with only one class of directors being appointed
in each year and each class (except for those directors appointed prior to our first annual general meeting) serving a three-year term.

42

Holders of Class A ordinary shares will not be entitled
to vote on any appointment of directors we hold prior to the completion of our Business Combination.

Prior to the completion of our Business Combination, only holders of
our founder shares will have the right to vote on the appointment of directors. Holders of our public shares will not be entitled to vote
on the appointment of directors during such time. In addition, prior to the completion of a Business Combination, holders of a majority
of our founder shares may remove a member of the board of directors for any reason. Accordingly, you may not have any say in the management
of our company prior to the consummation of a Business Combination.

After our Business Combination, it is possible that a majority
of our directors and officers will live outside the United States and all of our assets will be located outside the United States; therefore
investors may not be able to enforce federal securities laws or their other legal rights.

It is possible that after our Business Combination, a majority of our
directors and officers will reside outside of the United States and all of our assets will be located outside of the United States. As
a result, it may be difficult, or in some cases not possible, for investors in the United States to enforce their legal rights, to effect
service of process upon all of our directors or officers or to enforce judgments of United States courts predicated upon civil liabilities
and criminal penalties on our directors and officers under United States laws.

In particular, there is uncertainty as to whether the courts of the
Cayman Islands or any other applicable jurisdictions would recognize and enforce judgments of U.S. courts obtained against us or our directors
or officers predicated upon the civil liability provisions of the securities laws of the United States or any state in the United States
or entertain original actions brought in the Cayman Islands or any other applicable jurisdiction’s courts against us or our directors
or officers predicated upon the securities laws of the