Constellation Acquisition Corp I (CSTAF): debt financing — Constellation Acquisition Corp I issues $230K promissory note to sponsor for working capital

Constellation Acquisition Corp I

Unsecured, non-interest-bearing note due upon business combination or winding up.
Proceeds used for general working capital and extension expenses as defined in the note.
Sponsor may convert principal into warrants at $1.50 per warrant, identical to private placement warrants.
Issuance exempt from registration under Section 4(a)(2) of the Securities Act.

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 $230,000.00 with Constellation Sponsor GmbH & Co. KG at no interest maturing upon the earlier to occur of (i) the consummation of the Company’s business combination or (ii) the date that the winding up of the Company is effective.

Instrument: loan
Principal: $230,000.00
Counterparty: Constellation Sponsor GmbH & Co. KG
Rate: no interest
Maturity: upon the earlier to occur of (i) the consummation of the Company’s business combination or (ii) the date that the winding up of the Company is effective
Event: incurrence

Exact text from the filing

On January 18, 2023, Constellation Acquisition Corp I (the “Company”) issued an unsecured promissory note (the “Note”) in the amount of $230,000.00 to Constellation Sponsor GmbH & Co. KG (the “Sponsor”).

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Constellation Acquisition Corp I filing history →

Source: SEC EDGAR

accession 0001213900-23-003609

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