Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 225

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1A
Chunk 225
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 to execute an agreement waiving such claims to the
monies held in the Trust Account, our founders will perform an analysis of the alternatives available to it and will only enter into an
agreement with a third-party that has not executed a waiver if our team believes that such third-party’s engagement would be significantly
more beneficial to us than any alternative.

Examples of possible instances where we may engage a third-party that
refuses to execute a waiver include the engagement of a third party consultant whose particular expertise or skills are believed by our
team to be significantly superior to those of other consultants that would agree to execute a waiver or in cases where our team is unable
to find a service provider willing to execute a waiver. In addition, there is no guarantee that such entities will agree to waive any
claims they may have in the future as a result of, or arising out of, any negotiations, contracts or agreements with us and will not seek
recourse against the Trust Account for any reason. Upon redemption of our public shares, if we have not consummated a Business Combination
by the Termination Date, or upon the exercise of a redemption right in connection with our Business Combination, we will be required to
provide for payment of claims of creditors that were not waived that may be brought against us within the 10 years following redemption.
Accordingly, the per-share redemption amount received by public shareholders could be less than the $10.00 per public share initially
held in the Trust Account, due to claims of such creditors. Pursuant to the letter agreement the form of which is filed as an exhibit
to the registration statement of which this Annual Report forms a part, our Sponsor has agreed that it will be liable to us if and to
the extent any claims by a third-party (excluding our independent registered public accounting firm) for services rendered or products
sold to us, or a prospective target business with which we have discussed entering into a transaction agreement, reduce the amounts in
the Trust Account to below the lesser of (i) $10.00 per public share and (ii) the actual amount per share held in the Trust Account as
of the date of the liquidation of the Trust Account if less than $10.00 per public share due to reductions in the value of the trust assets,
in each case net of the interest that may be withdrawn to pay our tax obligations, provided that such liability will not apply to any
claims by a third party or prospective target business who executed a waiver of any and