Company: CSTAF
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0001213900-25-002661
Chunk: 93

Company: Constellation Acquisition Corp I
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 93
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 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. As disclosed in the definitive proxy statement filed by the Company with the SEC on January 10, 2024, relating to the Second Extension Meeting, the Sponsor agreed that if the Extension Amendment Proposal is approved, it or the Lender will contribute to the Company as a loan, within ten (10) business days of the date of the Second Extension Meeting, $55,000, to be deposited into the Trust Account. In addition, in the event the Company does not consummate an initial Business Combination by the Articles Extension Date, the Lender may contribute to the Company $55,000 as a loan to be deposited into the Trust Account for each of eleven one -monthextensions following the Articles Extension Date. Second Extension Meeting Promissory Note On January 30, 2024, the Company issued an unsecured promissory note in the principal amount of $1,660,000 (the “2024 Note”) to the Sponsor. The 2024 Note does not bear interest and matures upon closing of the Business Combination. In the event that the Company does not consummate a Business Combination, the 2024 Note will be repaid only from funds held outside of the Trust Account or will be forfeited, eliminated or otherwise forgiven. The Sponsor funded the initial principal amount of $55,000 from the 2024 Note and drew an additional $55,000 each month for a total of $605,000 to fund its monthly extensions. Class B Conversion On January 30, 2024, the Sponsor conducted its Class B Conversion where it converted an aggregate of 7,600,000 Class B Ordinary Shares into Class A Ordinary Shares on a one -for -onebasis. The Sponsor waived any right to receive funds from the Company’s trust account with respect to the Class A Ordinary Shares received upon such conversion and acknowledged that such shares will be subject to all of the restrictions applicable to the original Class B Ordinary Shares under the terms of that certain Letter Agreement, dated as of January 26, 2021, by and among the Company and its Initial Shareholders, directors and officers (as further amended by and among, the Company, its directors and officers, the Sponsor and other parties thereto, on January 30, 2023). 44 Beneficial Ownership of Securities The