Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 27

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1
Chunk 27
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 Account. In addition, there is no guarantee that such entities will agree
to waive any claims they may have in the future as a result of, or arising out of, any negotiations, contracts or agreements with us and
will not seek recourse against the Trust Account for any reason. In order to protect the amounts held in the Trust Account, our Sponsor
has agreed that it will be liable to us if and to the extent any claims by a vendor for services rendered or products sold to us, or a
prospective target business with which we have discussed entering into a transaction agreement, reduce the amounts 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 public share due to reductions in the value of the trust assets, in each
case net of the interest that may be withdrawn to pay our tax obligations, provided that such liability will not apply to any claims by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 seek access to the Trust Account nor will
it apply to any claims under our indemnity of the underwriters of the IPO against certain liabilities, including liabilities under the
Securities Act. In the event that an executed waiver is deemed to be unenforceable against a third-party, our Sponsor will not be responsible
to the extent of any liability for such third-party claims. However, we have not asked our Sponsor to reserve for such indemnification
obligations, nor have we independently verified whether our Sponsor has sufficient funds to satisfy its indemnity obligations and we believe
that our Sponsor’s only assets are securities of our company. Our Sponsor may not be able to satisfy those obligations. None of
our officers or directors will indemnify us for claims by third parties including, without limitation, claims by vendors and prospective
target businesses.

In the event that the proceeds in the Trust Account are reduced below
the lesser of (i) $10.00 per public share and 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 public share due to reductions in the value of the trust assets, in each case net of the
interest that may be withdrawn to pay our tax obligations, and our Sponsor asserts that it is unable to satisfy its indemnification