Company: CSTAF
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001213900-25-074972
Chunk: 146

Company: Constellation Acquisition Corp I
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 2
Chunk 146
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 the amended and restated memorandum and articles of association 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 in order to allow the
Company to redeem Public Shares irrespective of whether such redemption would exceed the Redemption Limitation. The shareholders of the
Company approved the 2024 Extension Amendment Proposal and the 2024 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.

23

In connection with that vote to approve the 2024
Extension Amendment Proposal and the 2024 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 our Trust Account was $26,415,545.

On January 30, 2024, the Sponsor converted an
aggregate of 7,600,000 Class B ordinary shares into Public Shares on a one-for-one basis. The Sponsor waived any right to receive funds
from the Trust Account with respect to the Public Shares received upon such conversion and acknowledged that such shares will be subject
to all of the restrictions applicable to the original Class B ordinary shares under the terms of the Letter Agreement.

During 2024, the Board of the Company approved
the First 2024 Extension on February 29, 2024, and the extension committee of the Board approved the Second 2024 Extension, Third 2024
Extension, Fourth 2024 Extension, Fifth 2024 Extension, Sixth 2024 Extension, Seventh 2024 Extension, Eighth 2024 Extension, Ninth 2024
Extension, Tenth 2024 Extension and Eleventh 2024 Extension on March 28, 2024, April 29, 2024, May 29, 2024, June 28, 2024, July 23,