Company: CSTAF
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001213900-25-027555
Chunk: 913

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 5
Chunk 913
---
 restated memorandum and articles of association to extend the date by which the Company has to
consummate a Business Combination from January 29, 2023 to April 29, 2023 and to allow the Company, without another shareholder vote,
to elect to extend the 2023 Termination Date to consummate a Business Combination on a monthly basis for up to nine times by an additional
one month each time after the 2023 Articles Extension Date, by resolution of the board if requested by the Sponsor, and upon five days’
advance notice prior to the applicable Termination Date, until January 29, 2024, or a total of up to twelve months after the 2023 Termination
Date, unless the closing of the Company’s Business Combination shall have occurred prior to such date. The shareholders of the Company
approved the 2023 Extension Amendment Proposal at the 2023 Shareholder Extension Meeting and on January 31, 2023, the Company filed the
2023 Articles Amendment with the Registrar of Companies of the Cayman Islands.

In connection with the vote at the 2023 Shareholder Extension Meeting,
the holders of 26,506,157 Class A ordinary shares of the Company properly exercised their right to redeem their shares for an aggregate
price of approximately $10.167 per share, for an aggregate redemption amount of approximately $269,485,746. After the satisfaction of
such redemptions, the balance in our Trust Account was approximately $46,138,503. On February 13, 2023, a total of $46,600,678.12 (the
remaining trust balance), was placed in a U.S.-based trust account at Citibank, N.A., maintained by Continental Stock Transfer & Trust
Company, acting as trustee.

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 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 Old Sponsor was transferred to affiliates of