Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 626

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 2
Chunk 626
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—  
     —  
     —  
     — 
  
    Nicole Schepanek(2)(3)(4) 
     —  
     —  
     38,750  
     25.8% 
     * 
  
    Heiko Faass(2)(3)(5) 
     —  
     —  
     38,750  
     25.8% 
     * 
  
    Bob Stefanowski(2)(3)(6) 
     —  
     —  
     38,750  
     25.8% 
     * 
  
    All officers and directors as a group (7 individuals) 
     —  
     —  
     116,250  
     77.5% 
     1.1%

*

Less than one percent.

1)In connection with the closing of the transactions contemplated by the Investment Agreement, on January 26, 2023, the Old Sponsor
underwent a reorganization pursuant to which the limited partners of the Old Sponsor transferred all of their limited partnership interests
to the Sponsor, a newly formed Delaware limited partnership. On January 26, 2023, the Old Sponsor was liquidated pursuant to applicable
law by the retirement of the general partner of the Old Sponsor (the second to last partner of the Old Sponsor) and all securities held
by the Old Sponsor were distributed by operation of law to its sole remaining limited partner, the Sponsor, following which, on January
30, 2023, control of the Old Sponsor was transferred to affiliates of Antarctica Capital Partners, LLC, including Antarctica Endurance
Manager, LLC. Antarctica Endurance Manager, LLC, is the general partner of the Sponsor. There are three managers of Antarctica Endurance
Manager, LLC. Each manager has one vote, and the approval of a majority is required to approve an action of Antarctica Endurance Manager,
LLC. Under the so-called “rule of three”, if voting and dispositive decisions regarding an entity’s securities are made
by three or more individuals, and a voting or dispositive decision requires the approval of a majority of those individuals, then none
of the individuals is deemed a beneficial owner of the entity’s securities. This is the situation with regards to Antarctica Endurance
Manager, LLC. Based upon the foregoing analysis, no individual manager of Antarctica Endurance Manager, LLC exercises voting or