Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 1

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1
Chunk 1
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 our Old
Sponsor purchased an aggregate of 5,466,667 private placement warrants at a price of $1.50 per warrant, or $8,200,000 in the aggregate,
which are now owned by our Sponsor as part of the sponsor handover. A total of $310,000,000, comprised of $303,800,000 of the proceeds
from the IPO, including $10,850,000 of the underwriters’ deferred discount, and $6,200,000 of the proceeds of the sale of the private
placement warrants, was placed in a U.S.-based trust account at J.P. Morgan Chase Bank, N.A., maintained by Continental Stock Transfer
& Trust Company, acting as trustee. On March 18, 2021, we announced that, commencing March 19, 2021, holders of the 31,000,000 units
sold in the IPO may elect to separately trade the Class A ordinary shares and the public warrants included in the units. Those units
not separated continue to trade on the OTCQX® Best Market under the symbol “CSTUF” and the Constellation Class A ordinary
shares and public warrants that were separated trade under the symbols “CSTAF” and “CSTWF,” on the OTCQX®
Best Market and the OTCQB® Venture Market, respectively.

On January 27, 2023, we held an extraordinary general meeting of shareholders
(the “2023 Shareholder Meeting”) to amend the Company’s amended and restated memorandum and articles of association
(the “2023 Articles Amendment”) to extend the date (the “2023 Termination Date”) by which the Company has to
consummate a Business Combination from January 29, 2023 (the “2023 Termination Date”) to April 29, 2023 (the “2023
Articles Extension Date”) and to allow the Company, without another shareholder vote, to elect to extend the 2023 Termination Date
to consummate a Business Combination on a monthly basis for up to nine times by an additional one month each time after the 2023 Articles
Extension Date, by resolution of the Company’s board of directors (the “board” or the “board of directors”)
if requested by the Sponsor, and upon five days’ advance notice prior to the applicable Termination Date, until January 29, 2024,
or a total of up to twelve months after the 2023