Company: CSTAF
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0001213900-25-002661
Chunk: 70

Company: Constellation Acquisition Corp I
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 70
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 will also file the amendment to the Memorandum and Articles of Association to effectuate the extension in accordance with the Extension Amendment Proposal. The Company will remain a reporting company under the Exchange Act, and its Units, Class A Ordinary Shares, and Public Warrants will remain publicly traded. The Company will then continue to work to consummate its business combination by the Termination Date or Additional Articles Extension Date, as applicable. Interests of the Sponsor and Constellation’s Directors and Officers When you consider the recommendation of the Board, Constellation shareholders should be aware that aside from their interests as shareholders, the Sponsor and certain members of the Board and officers of Constellation have interests that are different from, or in addition to, those of other shareholders generally. The Board was aware 31 of and considered these interests, among other matters, in recommending to Constellation shareholders that they approve the Founder Share Amendment Proposal. Constellation shareholders should take these interests into account in deciding whether to approve the Founder Share Amendment Proposal: •the fact that the Sponsor paid $8,200,000 for 5,466,667 Private Placement Warrants, each of which is exercisable commencing on the later of 12 months from the closing of our Initial Public Offering and 30 days following the closing of a Business Combination for one Class A Ordinary Share at $11.50 per share; if the Extension Amendment Proposal is not approved and we do not consummate a Business Combination by January29, 2026, then the proceeds from the sale of the Private Placement Warrants will be part of the liquidating distribution to the public shareholders and the warrants held by our Sponsor will be worthless; •the fact that the Initial Shareholders, including the Sponsor (and certain of Constellation’s officers and directors who are members of the Sponsor), have invested in Constellation an aggregate of $8,225,000, comprised of the $25,000 purchase price for 7,750,000 Ordinary Shares (following a forfeiture of an aggregate of 875,000 Class B Ordinary Shares in March 2021) and the $8,200,000 purchase price for 5,466,667 Private Placement Warrants. Assuming a trading price of $ 11.81per Class A Ordinary Share (based upon the closing price of the Class A Ordinary Shares on OTCQX on January 7, 2025), the 7,750,000 Ordinary Shares held by the Initial Shareholders would have an implied aggregate market value of $91,527,500. Even if