Constellation Acquisition Corp I (CSTAF): debt financing — Constellation Acquisition Corp I draws $150K from sponsor note to extend deadline to Nov 29

Constellation Acquisition Corp I

Drew $150,000 from unsecured promissory note with Constellation Sponsor LP to extend business combination deadline from Oct 29 to Nov 29, 2023.
This is the seventh of nine permitted monthly extensions under its amended charter.
Note is non-interest bearing, matures upon business combination, repayable only from funds outside trust.
Up to $1,270,000 of principal may be converted into warrants at $1.50 per warrant.
Company still has not completed initial business combination, now targeting Nov 29, 2023.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Constellation Acquisition Corp I incurred loan of $150,000 with Constellation Sponsor LP at does not bear interest maturing upon closing of the Company's initial business combination.

Instrument: loan
Principal: $150,000
Counterparty: Constellation Sponsor LP
Rate: does not bear interest
Maturity: upon closing of the Company's initial business combination
Event: incurrence

Exact text from the filing

or an Obligation under an Off-Balance Sheet Arrangement or a Registrant. On October 26, 2023, Constellation Acquisition Corp I (the “Company”) drew an aggregate of $150,000 (the “Extension Funds”), as approved by unanimous director resolution, dated October 23, 2023, pursuant to the unsecured promissory note, dated January 30, 2023 between the

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Constellation Acquisition Corp I filing history →

Source: SEC EDGAR

accession 0001013762-23-007288

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