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

Company: Constellation Acquisition Corp I
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1
Chunk 25
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 our board of directors, liquidate and dissolve, subject in each case to the Company’s obligations under Cayman Islands law to
provide for claims of creditors and other requirements of other applicable law. There will be no redemption rights or liquidating distributions
with respect to our warrants, which will expire worthless if we fail to consummate a Business Combination by the Termination Date. Our
amended and restated memorandum and articles of association provides that, if we wind up for any other reason prior to the consummation
of our Business Combination, we will follow the foregoing procedures with respect to the liquidation of the Trust Account as promptly
as reasonably possible but not more than ten business days thereafter, subject to applicable Cayman Islands law.

Our Sponsor and each member of our team have entered into an agreement
with us, pursuant to which they have agreed to waive their rights to liquidating distributions from the Trust Account with respect to
any founder shares they hold if we fail to consummate a Business Combination by the Termination Date (although they will be entitled to
liquidating distributions from the Trust Account with respect to any public shares they hold if we fail to complete our Business Combination
by the Termination Date).

Our Sponsor, executive officers, directors and director nominees have
agreed, pursuant to a written agreement with us, that they will not propose any 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 pre-Business Combination activity, unless we provide our public shareholders with the opportunity to redeem
their public shares upon approval of any such amendment at a per-share price, payable in cash, equal to the aggregate amount then on deposit
in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to us to pay our income
taxes, if any, divided by the number of the then-outstanding public shares.

We expect that all costs and expenses associated with implementing
our plan of dissolution, as well as payments to any creditors, will be funded from amounts remaining out of the $1,000,000 of proceeds
held outside the Trust Account, although