secwatch.observer — SEC 8-K summary
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Issuer:     Constellation Acquisition Corp I (CSTAF)
CIK:        0001834032
Form:       8-K
Filed at:   2023-08-29T23:59:59+00:00
Accession:  0001213900-23-071738
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Constellation Acquisition Corp I draws $150K to extend SPAC deadline to Sep 29, 2023
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1834032/000121390023071738/0001213900-23-071738-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1834032/000121390023071738/ea184347-8k_constell1.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-071738

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer