Constellation Acquisition Corp I (CSTAF): debt financing — Constellation Acquisition Corp I draws $150K to extend SPAC deadline to Sep 29, 2023

Constellation Acquisition Corp I

Drew $150,000 under unsecured promissory note with Constellation Sponsor LP to fund fifth one-month extension.
Trust deposit extends deadline for initial business combination from Aug 29 to Sep 29, 2023.
Note is non-interest bearing; matures upon business combination; up to $1.27M principal can be converted into warrants at $1.50 each.
If no business combination, note repaid only from funds outside trust account.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

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

On August 29, 2023, Constellation Acquisition Corp I (the “Company”) drew an aggregate of $150,000 (the “Extension Funds”), as approved by unanimous director resolution, dated August 22, 2023, pursuant to the unsecured promissory note, dated January 30, 2023 between the Company and Constellation Sponsor LP (the “Note”), which Extension Funds the Company deposited into the Company’s trust account for its public shareholders.

View on SEC.gov

Browse all debt financings →

Constellation Acquisition Corp I filing history →

Source: SEC EDGAR

accession 0001213900-23-071738

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.