Company: CSTAF
Filing Date: 2025-01-10
Form Type: DEF 14A
Source: 0001213900-25-002661
Chunk: 34

Company: Constellation Acquisition Corp I
Filing Date: 2025-01-10
Form: DEF 14A
Chunk 34
---
” for a further discussion of these considerations. THE VOTE OF SHAREHOLDERS IS IMPORTANT. SHAREHOLDERS ARE URGED TO SUBMIT THEIR PROXIES AS SOON AS POSSIBLE AFTER CAREFULLY REVIEWING THIS PROXY STATEMENT. Q:Am I being asked to vote on a proposal to elect directors? A:No. Holders of Public Shares are not being asked to vote on the election of directors at this time. Q:Are the proposals conditioned on one another? A:Approval of the Extension Amendment Proposal is a condition to the implementation of the Articles Extension. If the Articles Extension is implemented and one or more Constellation shareholders elect to redeem their Public Shares pursuant to the redemption, Constellation will remove from the Trust Account and deliver to the holders of such redeemed Public Shares an amount equal to the pro rata portion of funds available in the Trust Account with respect to such redeemed Public Shares, including interest earned on the funds held in the Trust Account and not previously released to Constellation to pay its taxes, and retain the remainder of the funds in the Trust Account for Constellation’s use in connection with consummating a Business Combination, subject to the redemption rights of holders of Public Shares in connection with a Business Combination. 9 The Adjournment Proposal is conditional on Constellation not obtaining the necessary votes for approving the Extension Amendment Proposal and the Founder Share Amendment Proposal prior to the Shareholder Meeting in order to seek additional time to obtain sufficient votes in support of the Articles Extension and the Founder Share Amendment, if due to redemptions in connection with the Articles Extension, Constellation would not adhere to the continued trading requirements of the OTC, or if the Board has determined it is otherwise necessary. If the Extension Amendment Proposal and the Founder Share Amendment Proposal are approved at the Shareholder Meeting, the Adjournment Proposal will not be presented. Q:Why is Constellation proposing the Extension Amendment Proposal? A:Constellation’s Memorandum and Articles of Association provide for the return of the Initial Public Offering proceeds held in trust to the holders of Public Shares sold in the Initial Public Offering if there is no qualifying Business Combination consummated on or before the Termination Date. The purpose of the Extension Amendment Proposal is to allow Constellation additional time to complete a Business Combination. Without the Articles Extension, Constellation believes that Constellation will not be able to complete a Business Combination on or before the Termination Date. If that were to occur, Constellation would be forced to liquidate. Q:Why is Const