other material
confidence high
sentiment neutral
materiality 0.40
Constellation Acquisition Corp I adjourns meeting; sponsor to fund up to 11 monthly extensions
Constellation Acquisition Corp I
- Shareholders approved adjournment: 10,613,166 For, 160,892 Against; meeting adjourned to Jan 29, 2024.
- Sponsor will deposit $55,000 per monthly extension (up to 11 months, total $605,000) for extended business combination deadline.
- Redemption window reopened: 3,399,900 Public Shares tendered; shareholders can reverse redemption by Jan 26, 2024 5:00 PM ET.
- Sponsor to convert 7,600,000 Class B Ordinary shares into Public Shares on a one-for-one basis next business day after meeting.
- Funds deposited into trust account in exchange for non-interest-bearing unsecured promissory notes.