secwatch.observer — SEC 8-K summary
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Issuer:     Constellation Acquisition Corp I (CSTAF)
CIK:        0001834032
Form:       8-K
Filed at:   2024-02-02T23:59:59+00:00
Accession:  0001213900-24-009277
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.03, 5.07, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Constellation Acquisition I extends deadline to Jan 2025; $23.7M redeemed, sponsor converts shares
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1834032/000121390024009277/0001213900-24-009277-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1834032/000121390024009277/ea192483-8k_constellat1.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-009277

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