Company: CSTAF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110128
Chunk: 82

Company: Constellation Acquisition Corp I
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 82
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 of a Business
Combination shall have occurred prior thereto (the “2024 Extension Amendment Proposal”); (B) to amend, by way of special
resolution, the amended and restated memorandum and articles of association to eliminate the limitation that the Company may not redeem
Class A ordinary shares, to the extent that such redemption would result in the Company having net tangible assets (as determined in
accordance with Rule 3a51-1(g)(1) of the Securities Exchange Act of 1934, as amended), of less than $5,000,001 (the “Redemption
Limitation”) in order to allow the Company to redeem Class A ordinary shares irrespective of whether such redemption would exceed
the Redemption Limitation (such proposal the “Redemption Limitation Amendment Proposal”); and (C) if required, an adjournment
proposal to adjourn, by way of ordinary resolution, the 2024 Shareholder Meeting to a later date or dates, if necessary, (i) to permit
further solicitation and vote of proxies if, based upon the tabulated vote at the time of the 2024 Shareholder Meeting, there are insufficient
ordinary shares (as defined below) in the capital of the Company represented (either in person or by proxy) to approve the 2024 Extension
Amendment Proposal and the Redemption Limitation Amendment Proposal, (ii) where the Company would not adhere to the initial or continued
trading requirements of OTCQX or (iii) where the Board has determined it is otherwise necessary (the “Adjournment Proposal”).

7

The shareholders of the Company approved the
2024 Extension Amendment Proposal and the Redemption Limitation Amendment Proposal at the 2024 Shareholder Meeting and on January 30,
2024, the Company filed the 2024 Articles Amendment with the Registrar of Companies of the Cayman Islands, effective January 29, 2024.

In connection with the vote to approve the 2024
Extension Amendment Proposal and the Redemption Limitation Amendment Proposal, the holders of 2,126,159 Class A ordinary shares properly
exercised their right to redeem their shares for cash at a redemption price of approximately $11.13 per share, for an aggregate redemption
amount of approximately $23,671,533. After the satisfaction of such redemptions and receipt of the initial deposit of $55,000 to the
Trust Account, the balance in the Trust Account was approximately $26,415,545