Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 259

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1A
Chunk 259
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 law.

Our letter agreement with our Sponsor, officers and directors
may be amended without shareholder approval.

Our letter agreement with our Sponsor, affiliates of our Sponsor, officers
and directors contain provisions relating to transfer restrictions of our founder shares and private placement warrants, indemnification
of the Trust Account, waiver of redemption rights and participation in liquidating distributions from the Trust Account. The letter agreement
may be amended without shareholder approval. While we do not expect our board to approve any amendment to the letter agreement prior to
our Business Combination, it may be possible that our board, in exercising its business judgment and subject to its fiduciary duties,
chooses to approve one or more amendments to the letter agreement. Any such amendments to the letter agreement would not require approval
from our shareholders and may have an adverse effect on the value of an investment in our securities.

48

We may be unable to obtain additional financing to complete
our Business Combination or to fund the operations and growth of a target business, which could compel us to restructure or abandon a
particular Business Combination. If we are unable to complete our Business Combination, our public shareholders may receive only approximately
$10.00 per public share, or less in certain circumstances, on the liquidation of our Trust Account and our warrants will expire worthless.

Although we believe that the net proceeds of the IPO and the sale of
the private placement warrants will be sufficient to allow us to complete our Business Combination, because we have not yet selected any
prospective target business we cannot ascertain the capital requirements for any particular transaction. If the net proceeds of the IPO
and the sale of the private placement warrants prove to be insufficient, either because of the size of our Business Combination, the depletion
of the available net proceeds in search of a target business, the obligation to redeem for cash a significant number of shares from shareholders
who elect redemption in connection with our Business Combination or the terms of negotiated transactions to purchase shares in connection
with our Business Combination, we may be required to seek additional financing or to abandon the proposed Business Combination. Such financing
may not be available on acceptable terms, if at all. The current economic environment may make difficult for companies to obtain acquisition
financing. To the extent that additional financing proves to be unavailable when needed to complete our Business Combination, we would
be compelled to either restructure the transaction or abandon that particular Business Combination and seek an alternative target business
candidate. If we do not complete our Business Combination within the required time period, our public