Company: CSTAF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110128
Chunk: 86

Company: Constellation Acquisition Corp I
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 86
---
 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”) and the Company’s Units started trading on the
OTCQB. The main difference between OTCQB and OTC Pink from OTCQX is that securities listed on the OTCQB and OTC Pink undergo additional
quality review and have different listing standards than those on the OTCQX, although all are tiers of the OTC Markets. The trading symbols
for the Class A ordinary shares and Units remained the same.

The transition to OTC Pink and OTCQB from OTCQX
of the Company’s Class A ordinary shares and Units is not expected to affect the Company’s business operations, its relationships
with partners or employees or its current SEC reporting obligations.

On June 5, 2025, the Company amended the 2024
Note, to increase the principal amount by $590,000 from $1,660,000 to $2,250,000. Unless otherwise set forth in the amendment, all other
provisions of the 2024 Note remain in full force and effect.

On September 8, 2025