Company: CSTAF
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0001213900-25-002661
Chunk: 88

Company: Constellation Acquisition Corp I
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 88
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 Tax Considerations to Non-U .S. Shareholders This section is addressed to Redeeming Non -U.S. Holders (as defined below) of Constellation’s Public Shares that elect to have their shares redeemed for cash as described in the section entitled “ Proposal No. 1 — The Extension Amendment Proposal -Redemption Rights” and “ Proposal No. 2— The Founder Share Amendment Proposal— Redemption Rights.” For purposes of this discussion, a “ Redeeming Non -U .S. Holder” is a beneficial owner (other than a Flow -ThroughEntity) of our Public Shares that so redeems its Public Shares and is not a Redeeming U.S. Holder. Except as otherwise discussed in this section, a Redeeming Non -U.S. Holder who elects to have its shares redeemed will generally be treated in the same manner as a U.S. shareholder for U.S. federal income tax purposes. See the discussion above under “ Certain U.S. Federal Income Tax Considerations to U.S. Shareholders.” However, notwithstanding such characterization, any Redeeming Non -U.S. Holder generally will not be subject to U.S. federal income tax on any gain recognized or dividends received as a result of the redemption unless the gain or dividends is effectively connected with such non -U.S. Holder’s conduct of a trade or business within the United States (and if an income tax treaty applies, is attributable to a U.S. permanent establishment or fixed base maintained by the non -U.S. shareholder). 41 Non -U.S. holders of shares considering exercising their redemption rights are urged to consult their tax advisors as to whether the redemption of their shares will be treated as a sale or as a distribution under the Code, and whether they will be subject to U.S. federal income tax on any gain recognized or dividends received as a result of the redemption based upon their particular circumstances. Under the Foreign Account Tax Compliance Act (“ FATCA”) and U.S. Treasury regulations and administrative guidance thereunder, a 30% United States federal withholding tax may apply to certain income paid to (i) a “foreign financial institution” (as specifically defined in FATCA), whether such foreign financial institution is the beneficial owner or an intermediary, unless such foreign financial institution agrees to verify, report and disclose its United States “account” holders (as specifically defined in FATCA) and meets certain other specified requirements or (ii) a non -financialforeign entity, whether such non -financialforeign entity is the beneficial owner or an intermediary, unless such entity