Company: CSTAF
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044280
Chunk: 99

Company: Constellation Acquisition Corp I
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 99
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 2021, the remaining over-allotment option expired.

Additionally, the underwriters will be entitled
to a deferred underwriting discount of 3.5% of the gross proceeds of the IPO held in the Trust Account, or $10,850,000, upon the completion
of the Company’s initial Business Combination subject to the terms of the underwriting agreement.

18

Investment Agreement

On January 26, 2023, the Company, entered into
an Investment Agreement (the “Investment Agreement”) with the Old Sponsor, and Endurance Constellation, LLC, a Delaware limited
liability company (the “Investor”), pursuant to which the Investor agreed to contribute to the Old Sponsor an aggregate amount
in cash equal up to $3,000,000, which amount will be loaned to the Company in accordance with the Extension Note, in consideration for
which, the Sponsor shall issue to the Investor interests in certain equity securities.

In connection with the closing of the transactions
contemplated by the Investment Agreement, on January 26, 2023, the Old Sponsor underwent a reorganization pursuant to which the limited
partners of the Old Sponsor transferred all of their limited partnership interests to the Sponsor. On January 26, 2023, the Old Sponsor
was liquidated pursuant to applicable law by the retirement of the general partner of the Old Sponsor (the second to last partner of the
Old Sponsor) and all Securities held by the Old Sponsor were distributed by operation of law to its sole remaining limited partner, the
Sponsor, following which, on January 30, 2023, control of the Sponsor was transferred to affiliates of Antarctica Capital Partners, LLC,
including Antarctica Endurance Manager, LLC the general partner of the Sponsor.

The Investment Agreement contains customary representations and warranties of the parties, including, among others, with respect to corporate
organization, corporate authority, and compliance with applicable laws. The representations and warranties of each party set forth in
the Investment Agreement were made solely for the benefit of the other parties to the Investment Agreement, and shareholders of the Company
are not third-party beneficiaries of the Investment Agreement. In addition, such representations and warranties (a) are subject to materiality
and other qualifications contained in the Investment Agreement, which may differ from what may be viewed as material by shareholders of
the Company, (b) were made only as of the date of the Investment Agreement or such other date as is specified in the Investment Agreement
and (c) may