8-K
filed February 2, 2024, 6:59 PM ET
ticker CSTAF
CIK 0001834032
other material
confidence high
sentiment neutral
materiality 0.65
Constellation Acquisition Corp I (CSTAF): debt financing — Constellation Acquisition I extends deadline to Jan 2025; $23.7M redeemed, sponsor converts shares
Constellation Acquisition Corp I
- Shareholders approved extension of termination date to Feb 29, 2024, with up to 11 monthly extensions to Jan 29, 2025.
- Holders of 2.1M public shares redeemed at ~$11.13/share, totaling ~$23.7M; trust balance now ~$26.4M.
- Sponsor converted 7.6M Class B shares to Class A on a one-for-one basis, waiving trust account rights.
- Company issued $1.66M unsecured promissory note to Sponsor for extension funding; non-interest bearing, due at business combination.
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 $1,660,000 with Constellation Sponsor LP maturing upon closing of the Business Combination.
- Instrument
- loan
- Principal
- $1,660,000
- Counterparty
- Constellation Sponsor LP
- Maturity
- upon closing of the Business Combination
- Event
- incurrence
Exact text from the filing
On January 30, 2024, the Company issued an unsecured promissory note in the principal amount of $1,660,000 (the “ Note ”) to the Sponsor.
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Constellation Acquisition Corp I: Amended amended and restated memorandum and articles of association to extend business combination deadline from January 29, 2024 to February 29, 2024, with option for monthly extensions up to January 29, 2025, and to eliminate the redemption limitation on net tangible assets (effective 2024-01-29).
- Change
- charter amendment
- Effective
- 2024-01-29
Exact text from the filing
On January 29, 2024, the Company held the Shareholder Meeting (A) to amend, by way of special resolution, the Company’s amended and restated memorandum and articles of association (the “ Memorandum and Articles of Association ”) to extend the date (the “ Termination Date ”) by which the Company has to consummate a business combination (the “ Articles Extension ”) from January 29, 2024 (the “ Original Termination Date ”) to February 29, 2024 (the “ Articles Extension Date ”) and to allow the Company, without another shareholder vote, to elect to extend the Termination Date to consummate a business combination on a monthly basis for up to eleven times by an additional one month each time after the Articles Extension Date, by resolution of the Board, if requested by the Sponsor, and upon five days’ advance notice prior to the applicable Termination Date, until January 29, 2025, or a total of up to twelve months after the Original Termination Date, unless the closing of a business combinat
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Constellation Acquisition Corp I shareholders approved Extension Amendment Proposal at the 2024-01-29 meeting.
- Outcome
- passed
- Meeting
- 2024-01-29
Exact text from the filing
The voting results for the Extension Amendment Proposal were as follows: For Against Abstain 10,613,187 160,892 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Constellation Acquisition Corp I shareholders approved Redemption Limitation Amendment Proposal at the 2024-01-29 meeting.
- Outcome
- passed
- Meeting
- 2024-01-29
Exact text from the filing
The voting results for the Redemption Limitation Amendment Proposal were as follows: For Against Abstain 10,773,725 354 0
View on SEC.gov
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