Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 968

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 5
Chunk 968
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a-7 promulgated under the Investment Company Act which invest only in direct
U.S. government treasury obligations. Except with respect to interest earned on the funds held in the Trust Account that may be released
to the Company to pay the income taxes, if any, the Company’s amended and restated memorandum and articles of association (the “amended
and restated memorandum and articles of association”) will provide that the proceeds from the IPO and the sale of the private placement
warrants held in the Trust Account will not be released from the Trust Account (1) to the Company, until the completion of the initial
Business Combination, or (2) to the public shareholders, until the earliest of (a) the completion of the initial Business Combination,
and then only in connection with those Class A ordinary shares that such shareholders properly elected to redeem, subject to the limitations,
(b) the redemption of any Public Shares properly tendered in connection with a (A) shareholder vote to amend the amended and restated
memorandum and articles of association to modify the substance or timing of the Company’s obligation to provide holders of the Class
A ordinary shares the right to have their shares redeemed in connection with the initial Business Combination or to redeem 100% of the
Public Shares if the Company does not complete the initial Business Combination by the date by which the Company is required to consummate
a Business Combination pursuant to the Company’s amended and restated memorandum and articles of association (such period, the “Combination
Period”), or (B) with respect to any other provision relating to the rights of holders of the Class A ordinary shares or pre-initial
Business Combination activity, and (c) the redemption of the Public Shares if the Company has not consummated the initial Business Combination
within the Combination Period. Public shareholders who redeem their Class A ordinary shares in connection with a shareholder vote described
in clause (b) in the preceding sentence shall not be entitled to funds from the Trust Account upon the subsequent completion of an initial
Business Combination or liquidation if the Company has not consummated an initial Business Combination within the Combination Period,
with respect to such Class A ordinary shares so redeemed.

F-7

The proceeds deposited in the Trust Account could
become subject to the claims of the Company’s creditors, if any, which could have priority over the claims of the public shareholders.

The Company will provide its public shareholders
with the opportunity to redeem all or a portion of their Public Shares upon the completion of the initial