Company: CSTAF
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-110128
Chunk: 152

Company: Constellation Acquisition Corp I
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 2
Chunk 152
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. The warrants shall be identical to the Private Placement Warrants issued
    to the Sponsor at the time of the Company’s IPO. As of September 30, 2025 and December 31, 2024, $230,000 is outstanding under
    this 2023 Note.

    ●
    On January 30, 2023, the
    Company issued the Extension Note to the Sponsor. The Sponsor funded the initial principal amount of $450,000 on January 30, 2023.
    The Extension Note does not bear interest and matures upon closing of the Company’s Business Combination. In the event that
    the Company does not consummate a Business Combination, the Extension Note will be repaid only from amounts remaining outside of
    the Trust Account, if any. The proceeds of the Extension Note was deposited in the Trust Account. At the election of the payee, $1,270,000
    of the total principal amount of the Extension Note may be converted, in whole or in part, at the option of the lender into warrants
    of the Company at a price of $1.50 per warrant, which warrants will be identical to the Private Placement Warrants issued to the
    Sponsor at the time of the IPO of the Company. As of September 30, 2025 and December 31, 2024, $2,951,000 is outstanding under this
    Extension Note.

25

    ●
    On January
    30, 2024, the Company issued the 2024 Note in the amount of $1,660,000, which was amended on June 5, 2025, to increase the principal
    amount by $590,000 from $1,660,000 to $2,250,000 to the Sponsor. Unless otherwise set forth in the amendment, all other provisions
    of the 2024 Note remain in full force and effect. The 2024 Note does not bear interest and matures upon closing of the Business Combination.
    In the event that the Company does not consummate a Business Combination, the 2024 Note will be repaid only from funds held outside
    of the Trust Account or will be forfeited, eliminated or otherwise forgiven. As of September 30, 2025 and December 31, 2024, $1,790,000
    and $1,365,000 is outstanding under the 2024 Note, respectively.

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