Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 1417

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 9
Chunk 1417
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 Antarctica Endurance Manager, LLC, is the general partner of the Sponsor. There are three managers of Antarctica Endurance
Manager, LLC. Each manager has one vote, and the approval of a majority is required to approve an action of Antarctica Endurance Manager,
LLC. Under the so-called “rule of three”, if voting and dispositive decisions regarding an entity’s securities are made
by three or more individuals, and a voting or dispositive decision requires the approval of a majority of those individuals, then none
of the individuals is deemed a beneficial owner of the entity’s securities. This is the situation with regards to Antarctica Endurance
Manager, LLC. Based upon the foregoing analysis, no individual manager of Antarctica Endurance Manager, LLC exercises voting or dispositive
control over any of the securities held by the Sponsor, even those in which he or she directly holds a pecuniary interest. Accordingly,
none of them will be deemed to have or share beneficial ownership of such securities.

(2)The business address of each of the following entities and individuals is 200 Park Avenue, 32nd Floor, New York, New York 10166.

(3)Interests shown consist solely of founder shares, classified as Class B ordinary shares. The Class B ordinary shares will automatically
convert into Class A ordinary shares at the time of our Business Combination.

(4)Includes 38,750 shares of Class B ordinary shares beneficially owned directly by Ms. Schepanek.

(5)Includes 38,750 shares of Class B ordinary shares beneficially owned directly by Mr. Faass.

(6)Includes 38,750 shares of Class B ordinary shares beneficially owned directly by Mr. Stefanowski.

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Our Sponsor and our team have entered into an agreement with us, pursuant
to which they have agreed to waive their redemption rights with respect to their founder shares and any public shares purchased during
or after the IPO in connection with (i) the completion of our Business Combination and (ii) a shareholder vote to approve an amendment
to our amended and restated memorandum and articles of association (A) that would modify the substance or timing of our obligation to
provide holders of our Class A ordinary shares the right to have their shares redeemed in connection with our Business Combination or
to redeem 100% of our public shares if we do not complete our Business Combination by the Termination Date, or (B) with respect to any
other provision relating to the rights of holders of our Class A ordinary shares or