Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 1580

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 9B
Chunk 1580
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 of directors, rather than for specific terms of office. Our board of directors is authorized to appoint persons
to the offices set forth in our amended and restated memorandum and articles of association as it deems appropriate. Our amended and restated
memorandum and articles of association provides that our officers may consist of one or more chairman of the board, chief executive officer,
chief financial officer, chief business officer, president, vice presidents, secretary, treasurer and such other offices as may be determined
by the board of directors.

Director Independence

The rules of OTCQX® Best Market and OTCQB® Venture Market require
that two members of our board of directors be independent. An “independent director” is defined generally means a person other
than an executive officer or employee of the Company or any other individual having a relationship which, in the opinion of the Company’s
board of directors, would interfere with the exercise of independent judgment in carrying out the responsibilities of a director. Heiko
Faass, Nicole Schepanek and Bob Stefanowski are our independent directors, as defined in the OTCQX® Best Market and OTCQB® Venture
Market listing standards and applicable SEC rules. Our independent directors have regularly scheduled meetings at which only independent
directors are present.

Executive Officer and Director Compensation

None of our executive officers or directors have received any cash
compensation for services rendered to us, other than $25,000 that was paid to each of our independent directors in 2023 for their role
on a special committee to consider a potential business combination. Commencing on the date that our securities were first listed on NYSE
through the earlier of consummation of our Business Combination and our liquidation, we will reimburse our Sponsor for office space, secretarial
and administrative services provided to us, and other obligations of our Sponsor, in the amount of up to $10,000 per month. In addition,
our Sponsor, executive officers and directors, or any of their respective affiliates will be reimbursed for any out-of- pocket expenses
incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable
Business Combinations. Our audit committee will review on a quarterly basis all payments that were made by us to our Sponsor, executive
officers or directors, or our or their affiliates. Any such payments prior to a Business Combination will be made using funds held outside
the Trust Account. Other than quarterly audit committee review of such reimbursements,