debt
confidence high
sentiment neutral
materiality 0.50
Constellation Acquisition Corp I (CSTAF): debt financing — Constellation Acquisition Corp I draws $150k to extend business combination deadline to Oct 29, 2023
Constellation Acquisition Corp I
- Drew $150,000 under unsecured promissory note with Constellation Sponsor LP.
- Funds deposited into trust account to extend deadline from Sept 29 to Oct 29, 2023.
- Sixth of nine permitted one-month extensions under amended charter.
- Note bears no interest; matures upon business combination; up to $1.27M principal convertible into warrants at $1.50/warrant.