Company: CSTAF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110128
Chunk: 17

Company: Constellation Acquisition Corp I
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 ordinary shares in the capital of the Company represented (either in person or by proxy) to approve
the 2025 Extension Amendment Proposal and the Founder Share Amendment Proposal, (ii) where the Company would not adhere to the initial
or continued trading requirements of OTCQB and the OTC Venture or (iii) where the Board has determined it is otherwise necessary.

In connection with the vote to approve the 2025
Extension Amendment Proposal and the Founder Share Amendment Proposal held on January 27, 2025, the holders of 2,303,382 Class A ordinary
shares properly exercised their right to redeem their shares for cash at a redemption price of approximately $11.91 per share, for an
aggregate redemption amount of $27,428,399. After the satisfaction of such redemptions and receipt of the initial deposit of $5,000 to
the Trust Account, the balance in the Trust Account was approximately $778,971, and there were 7,664,302 Class A ordinary shares outstanding,
of which 64,302 Class A ordinary shares were held by the Company’s public shareholders.

On each of February 25, 2025, March 27,
2025, April 29, 2025, May 28, 2025, June 26, 2025, July 28, 2025, August 28, 2025, September 26, 2025, and October 28, 2025, the Company drew an
aggregate of $5,000 (the “Extension Funds”), as approved by unanimous director or extension committee resolution
pursuant to the 2024 Note, which Extension Funds the Company deposited into the Company’s Trust Account for its public
shareholders. These deposits enabled the Company to extend the date by which it must complete its initial Business Combination from
February 28, 2025 to November 29, 2025. These extensions are ninth of eleven one-month extensions permitted under the amended and
restated memorandum and articles of association and provide the Company with additional time to complete its initial Business
Combination. As of September 30, 2025 and December 31, 2024, the Company deposited an aggregate total of $705,000 and $660,000
Extension Funds pursuant to the 2024 Note, respectively. 

On March 10, 2025, the Company’s Class
A ordinary shares started trading on the OTC Pink Market (“OTC Pink”)