Company: CSTAF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044280
Chunk: 71

Company: Constellation Acquisition Corp I
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 71
---
shareholders and the Company’s board of directors (the “Board”), liquidate and dissolve, subject in the case of clauses
(ii) and (iii), to the obligations under Cayman Islands law to provide for claims of creditors and the requirements of other applicable
law.

There will be no redemption rights or liquidating
distributions with respect to the Private Placement Warrants, which will expire worthless if the Company fails to consummate an initial
Business Combination within the Combination Period.

The Sponsor, officers and directors have agreed
to waive their redemption rights with respect to their Founder Shares (as defined below) and any Public Shares purchased during or after
the IPO in connection with (i) the completion of the initial Business Combination, (ii) a shareholder vote to approve an amendment to
the Company’s amended and restated memorandum and articles of association, and (iii) waive their rights to liquidating distributions
from the Trust Account with respect to their Founder Shares if the Company fails to complete its initial Business Combination within the
Combination Period.

The Company’s Sponsor has agreed that it
will be liable to the Company if and to the extent any claims by a third party for services rendered or products sold to the Company,
or a prospective target business with which the Company has entered into a written letter of intent, confidentiality or similar agreement
or Business Combination agreement, reduce the amount of funds in the Trust Account to below the lesser of (i) $10.00 per Public Share
and (ii) the actual amount per Public Share held in the Trust Account as of the date of the liquidation of the Trust Account, if less
than $10.00 per share due to reductions in the value of the trust assets, less taxes payable, 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 all rights to the monies held in the Trust
Account (whether or not such waiver is enforceable) nor will it apply to any claims under the Company’s indemnity of the underwriters
of the IPO against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”).
However, the Company has not asked its Sponsor to reserve for such indemnification obligations, nor has the Company independently verified
whether its Sponsor has sufficient funds to satisfy its indemnity obligations and believe that the Company’s Sponsor’s only
assets are Securities of the Company. Therefore, the Company cannot assure that its Sponsor would be able